Nepal Rastra Bank (NRB) has eased the process of cross-border investments by foreigners as well as Nepalis by remodeling its Foreign Investment and Foreign Debt Management Regulations. The new regulations have given the opportunity to non-resident Nepalis (NRNs) to invest in joint venture firms and also open bank accounts in Nepalese currency. They are now able to issue primary shares up to Rs 8.5 billion. The foreign investors can also bring in their money in the form of convertible currency and take home their capital in Nepalese rupees.
The Nepali IT companies have been permitted to invest outside Nepal up to $1 million with their previous foreign earnings and access to foreign exchange through 22 convertible currencies. Nevertheless, the companies are required to provide the information on their overseas investments yearly, and any wallet can also be subject to court proceedings.