1 minute read

Figure 36. Extent that getting a business license is a problem for enterprises in the Manufacturing Sector

6.2.3 Business licensing and permits

Majority of enterprises in Province 2 rated business licensing and permits as “serious” and “moderate” problem. In Lumbini, business licensing was considered by 50% of respondents as a “moderate” problem while the remaining half said it was a “minor” problem.

Figure 36. Extent that getting a business license is a problem for enterprises in the Manufacturing Sector

Online business registration. Although the introduction of the online business-registration system at the Office of Company Registration (OCR) has reduced the time to register a company, new entrants (particularly corporations) encounter difficulties in complying with the various requirements. Some new businesses hire intermediaries to help in the business registration which increased the cost of starting a business. Others pay facilitation fees to accelerate the processing of their registration and other pertinent permits.

This article is from: