NAS-IT Welcomes NRB Foreign Exchange Reform For Nepalese Software And IT Exporters
24th June 2025, Kathmandu
The Nepal Association for Software and IT Services Companies (NAS-IT) welcomes the transformative policy change by Nepal Rastra Bank (NRB), which clears a long-standing hurdle for Nepalese tech companies seeking international growth and global market presence.
NAS-IT NRB Foreign Exchange Reform
Through the 4th Amendment to the Foreign Investment and Foreign Loan Management Bylaw, 2021, published on June 18, 2025, NRB has officially enabled foreign investment by Nepal’s tech industry. Under the new provision: Section 5(ka), IT companies that have consistently generated foreign income from export of information and technology-related services for the past three fiscal years can now access the required foreign exchange to invest abroad. The investment cap is set at 50% of the average foreign currency earnings over the past three years or USD 1 million (or equivalent), whichever is lower.
For years, NAS-IT, along with the broader tech community, has consistently advocated for this policy to enable companies to establish an international presence, scale operations, and position Nepal as a trusted global IT hub.We commend the Government of Nepal and NRB for recognizing this need and delivering on it.
This progressive reform follows the government’s Ordinance on Improvement of Economic and Business Environment and Investment Enhancement, introduced on January 13, 2025, which amended key legislations including the Foreign Exchange Regulation Act 1962, the Company Act 2006, and the Foreign Investment and Technology Transfer Act 2019 creating the foundation for outward tech investment.
NAS-IT extends sincere appreciation to the government authorities and regulatory bodies for their collaboration with the tech community in realizing this transformative change.
About NAS-IT
NAS-IT is Nepal’s leading not-for-profit organization, committed to fostering growth within Nepal’s thriving IT industry. It works to drive the sector forward by promoting innovation, supporting entrepreneurship, encouraging collaboration, and creating opportunities for Nepal’s IT sector to succeed in the global marketplace.
For more:- NAS-IT NRB Foreign Exchange Reform
