An Overview of Foreign Exchange Law in Nepal

Foreign Exchange Regulations & Currency Control in Nepal

All foreign currency inflows and outflows are strictly monitored under the Foreign Exchange Regulation Act and Nepal Rastra Bank (NRB) directives.

1. Central Bank Approval

Any outbound transfer of foreign currency, payments for offshore services, or capital repatriation requires prior approval from the NRB.

2. Foreign Currency Accounts

Entities receiving foreign capital or operating in export zones must obtain NRB licenses to operate foreign currency bank accounts locally.

3. Remittance and Trade Settlement

Strict documentation must be produced at commercial partner banks to clear letters of credit and international service payouts.

Rajiya Law Associates assists clients in securing NRB approvals for loans, royalty payments, and dividend repatriations.