In a move to position Nepal as a global IT hub, the Balen Shah administration has announced a ten-year tax holiday for startups in the technology sector. This policy is designed to attract foreign investment and encourage local youth to innovate within the country. The government is also investing in high-speed internet infrastructure across all provinces to support remote work and digital entrepreneurship. By creating a favorable regulatory environment, the administration hopes to increase IT exports significantly and reduce the brain drain of skilled professionals. This economic strategy is a core component of the government's plan to modernize the national economy.
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In a move to position Nepal as a...
In a move to position Nepal as a global IT hub, the Balen Shah administration has announced a ten-year tax holiday for startups in the technology sector. This policy is designed to attract foreign investment and encourage local youth to innovate within the country. The government is also investing in high-speed internet infrastructure across all provinces to support remote work and digital entrepreneurship. By creating a favorable regulatory environment, the administration hopes to increase IT exports significantly and reduce the brain drain of skilled professionals. This economic strategy is a core component of the government's plan to modernize the national...