Thursday, 29 October, 2020

Nepal Democracy

Author: Vladlen Yermakov


Nepal is actually an independent country not like what some people thought to be part of India or China. It is part of Asia and found in southern slopes of Himalayan Mountain ranges. As a matter of fact, it’s a landlocked country that is situated between the Tibet Autonomous Region of China all the way to the north and between India to the south, west and east. Nepal’s territory extends approximately 800 kilometers or 500 miles from west to east and 90 to 150 miles from south to north with capital being Kathmandu.

Start of something New

Nepal has been under the rule of the hereditary prime minister that favors the policy of isolation. Thus, the country remains closed from the rest of the world until the revolt in palace in 1950 which restored the authority of the crown back to its people in 1951. The country eventually gained its admission to UN in 1955. Then in 1991, the country had its multiparty parliamentary system. Fast forward to 2008, after the decade-long of turbulent negotiation and violence along with strong Maoist insurgency, the country’s monarchy has been dissolved and was then declared as democratic republic.

Open for Business

Because of this, Nepal became more open to commerce and business like تنظيف منازل بجده and several other opportunities.

The country is wedged between China and India in which Nepal is seeking to strike a balance between these country’s respective policies and thus, stayed independent. A factor that is largely contributing to the geopolitical importance is that, it can deny China’s access to its Gangetic Plain.

Geographic Location

With the years of its self-imposed and geographic isolation, Nepal is among the least developed countries in the world. In recent years, several other countries similar to China, India and the US, Japan, UK, Canada, Germany, Denmark and Switzerland lend economic assistance to the country. The extent of foreign aid that Nepal received has been largely influenced by strategic positioning of the country between China and India. Truth is, Nepal has some of the most difficult and rugged mountain terrain the world has ever have and it covers 75% of the country’s land.


If you see Nepal as an excellent business opportunity, then you need to make yourself aware some of its customs and traditions. For instance, you will be greeted with their prañamasana, which has been a tradition. This is a simple gesture of pressing both palms together in front of your chest, bowing and then saying “Namaste”. It is expected that you return the introduction. Additionally, handshaking was a norm in Nepali business realm. However, avoid giving a very firm handshake. It would make you look aggressive.

As a Start…

When you are attending a business meeting, it is preferable to wear suit and tie. This makes you look more professional and a businessperson, easily gaining the respect of your potential partners. Furthermore, add it with a little bit of politeness combined with key phrases before you go to the meeting.

Remember, elders are given utmost respect in Nepal. So whenever you see one, show them the highest level of respect you can ever give.

Now into the business side of things; you do not just penetrate a market and introduce your upright vacuum reviews in front of their faces. This is a surefire recipe for failure. If there’s something that you ought to know about Nepal’s economy, it is that paying their taxes is quite cumbersome.

When Everything should be Easy yet it’s the Opposite

Basically, as per annual ranking, Nepal made paying taxes harder as a result of the implementation of 2017 labor act that had introduced:

  • Medical Insurance
  • Labor Gratuity and;
  • Accident Insurance

All of which will be paid by the employers in which it puts significant administrative burden among companies that are facing bureaucracy. Labor gratuity is a known burden among employers for they have to manually file and pay it monthly whereas both accident and medical insurance should be paid yearly.

Think Clearly

As a matter of fact, this puts Nepal on the 158th position for paying taxes. In addition to that, the country has a low ranking in other indicators for ease of doing business which includes enforcing contracts (154th), dealing with construction permits (148th) and getting electricity (137th).

If you’re serious doing business in the country, then may as well check these points as it will later affect the entire operation of your business.