some thoughts on broad nepal development. random ideas. Immediate steps

here is something i posted on :

Facebook ” Entrepreneurs for Nepal” and elaborated since here:

Random ideas that will jump-start our economic revolution.

Have to recruit younger technocrats and remove the old ones from the National planning commission and finance and related ministries.

>>> Set up YEL = Youth Entrepreneur’s league (new body with powerful relations to private and state banks).

>>> 0 % tax on hydro power Generation and tourism. (Logic: mass employment generation)

>>> Information Technology Communication and related Licenses at no costs. (Talent generation and utilization)

>>> Nepal = Zero Tax center

>>> BOOT model (build own operate transfer in infrastructure development).

>>> 10% flat tax on all things else ( ALL THINGS). This encourages tax payment which overwhelming majority of people /companies in the country strive to avoid, right now).

You want wonders.. better start revamping the place.
otherwise no more promises to make switzerland out of nepal.

If Maoists (most likely future government) are smart, they will see how China is playing out.
and act like them. Total Focus on Economy. Their Politics survives on the economic revolution Now).

otherwise we can only hope for a 2 % growth again and again (which will be eaten up the huge double digit inflation).

and be prepared for another change…or one big repression after another !

lack of marketing.

when you don’t market your product effectively, your company loses
when you don’t market your agenda effectively, your party loses in election.

Maoists were superb marketeers this constituent election. They sold their slogans and agendas clearly, and to the grassroots..

Learn .. Learn.

small =good, big = bad .. small, agile, fast, dynamic.

more people = more indecision
more = bad

less is good
less interference, less subsidies, less people, small teams do better than big big big teams.

From government to businesses…

negativity = Uncertainity = negativity

Bad days for an entrepreneur….

If i don’t know how much electricity i am going to get next week, or how much petrol i am going to get 2 days from now, then thats a big problem for development.

UNCERTAINTY.

These are the days of the parasites

Everyone is looking at another to see if there is anyone to lead them out of this stalemate in Nepal.

I.e constituent Assembly…
met a Non Resident Nepali dying to invest in the country (infact he already is). Just not finding enough forward moving business and politicians to move business ahead.
His family is doing a lot of big business abroad and dying to do more in Nepal. But most of his time is spent on trying to negotiate with politicians for stupid licences..

India’s licence raj is over.. Nepal’s is at its prime !!!

Yes, you can own 100% company in Nepal if you are a foreigner.

Some interesting tidbits after talking to a realestate/company registration lawyer in kathmandu:

a) if a foreigner investing in industries like tourism, trade, industry and real estate, they get 100% ownership . You will also own 100% ownership of even real estate in Nepal as a company only. Previously there was much barriers to a foreigner owning land in Nepal.

b) Good Legal counseling and government fees (for company registration,etc ) costs an one time cost of 1,000 to 2,000 US dollars (estimated).

c) usually the whole process takes around 1 month.

d) You can get a BUSINESS VISA for the whole year, if you register as a company. This visa only costs 100 dollars a year. A good way for a businessperson to stay in Nepal without Visa hassles.

e) Nepali Bureaucracy is lethargic but with the right legal counsel and help, you should have a easier time registering your company and on your way to get ownership of whatever you are looking for. I saw examples of a few Americans doing the same to buy lands and open houses/resorts in nepal.

let me know if you have any questions .