Globalization and liberalization have impacted Corporate Nepal tremendously, over the last 2 decades the activities of the corporate citizen have become more and more complex. Corporate Nepal has undertaken cross border transactions involving foreign investments, formed trade councils, etc. leaving no stone unturned to make its presence felt globally. This dynamic environment, in which a corporate entity functions, is entwined in a complicated legal and regulatory labyrinth requiring compliance at every step
“We understand the increasingly complex tax, regulatory and commercial laws of the global economy. We provide holistic guidance around strategic business decisions and offer support services that can increase efficiency and reduce the cost of some routine legal activities.”
Corporate Law
orporate Nepal is governed by the Companies (1st Amendment) Act, 2017 which has more than 150 sections and provisions. The business environment has progressed with leaps and bounds as compared to the legislation governing these businesses.
In an effort to bring the law at parity with the environment, the much awaited new legislation of the Companies (Amendment) Act, 2017, finally saw the light of the day in the parliament. In the face of these continuous changes, we at G.S.N. Associates undertake advisory and compliance related services under the Companies Act (1st Amendment), 2017 including documentation and registrations required with the Registrar of Companies.
Company Incoporation
egistering a business company in Nepal is not an easy process. In an attempt to make the process easier the Office of Company Registrar (OCR) made online company registration process mandatory in October 2013. As a result, Nepal ranks at 109th spots in the Doing Business Index (2017) among 190 global economies.
But that does not mean, navigation of the bureaucratic processes and hassles has become easier. G.S.N. Associates since its early days of incorporation has provided the most cost-effective and efficient incorporation services in Nepal. We can assist you with making the right choices of jurisdiction, type, and name for your company. Our regulatory experts can recommend the most tax-efficient structure for your business.
Intellectual Property
In line with the global development, Nepal too has recognized the value of Intellectual Property (IP) and there is a growing trend both on the part of the legislators and the judiciary to afford protection to IP and enforce Intellectual Property Rights (IPR). In Nepal, the protection and enforcement of IPR are primarily governed by Copyright Act, 2059 (2002) and the Patent, Design and Trademark Act, 2022 (1965).
In addition, Nepal is also a signatory to various intellectual property treaties such as the Paris Convention for the Protection of Industrial Property, 1883, the Agreement on Trade-Related Aspects of Intellectual Property Rights, 1995 and the Berne Convention for the Protection of Literary and Artistic Works, 1886 pursuant to which Nepal is under an obligation to safeguard IPR.
Nepal is also a member country of World Intellectual Property Organization.
GSN is well-equipped to register and protect the IP rights of our clients in Nepal and abroad. In the area of intellectual property law, we provide full range of services, including:
- Registration of trademark, patents, and designs in Nepal
- Assistance in filing for the priority claim in authority of Nepal as per various international conventions. getting you Remedy against the infringement of intellectual property right
- IP audit / due diligence