Nepal Rastra Bank (NRB) has revised the Foreign Investment and Foreign Loan Management Bylaw 2021 to make the process of repatriating profits easier for foreign investors. Under the new provision, investors no longer need prior approval from the central bank to remit dividends, profits, or earnings from share sales to their home countries. NRB Governor Biswo Nath Poudel said the change is intended to cut down procedural hurdles and attract more foreign investment. Investors can now complete the process directly through commercial banks by submitting the required documents. However, liquor-producing industries are still required to comply with the 2021 technology transfer rules for royalty payments unless they export all of their production.
