Nepal Rastra Bank has issued legal approval for a Nepali information technology company to establish an overseas branch for the first time. iDream Technologies has received permission to open iDream LLC in the United States, along with approval to transfer equity funds in US dollars to a bank account there. The central bank’s decision is seen as a landmark step that could enable Nepali IT companies to earn foreign currency and expand into global markets. Officials believe the move will encourage more tech firms to operate internationally, strengthening Nepal’s digital services exports.
