Tuesday, August 28, 2012

IFC helps Nepal in developing licensing e-portal

KATHMANDU  Aug 27, 2012

IFC, a member of the World Bank Group, has partnered with the government to introduce a business license e-portal, which provides one-stop solution to accumulate information on licensing requirements for conducting different business activities in the country.

The portal, www.licenseportal.gov.np, hosted by the Nepal Information Technology Center, provides a comprehensive inventory of 130 licenses and related information on starting and operating a business in Nepal.

The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK government and the Norwegian Agency for Development Cooperation, is supporting this initiative, states an IFC statement.

“The e-portal will encourage owners of new businesses in remote areas to obtain business licenses, and motivate owners of previously established informal businesses to register, given the new ease of doing so,” the statement quoted Keshab Man Shakya, Minister of Science, Technology and Environment, as saying.

The portal will help Nepali entrepreneurs, including non-resident and foreign investors, to get all official information required to apply for business licenses without having to visit different offices, saving considerable time and money.

“The e-portal will improve government services to businesses, enhance transparency, and create an enabling environment for local businesses to grow and thrive,” said Pavol Vajda, IFC´s Acting Resident Representative in Nepal.

Source: Republica

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