2.5 million minimum capital settled for travels and trekking businesses

31st Dec, 2017 | Tourism Mail Crew

KATHMANDU, Dec 31: The government of  Nepal has produced a new rule regarding the minimum capital for travel and trekking businesses, increasing their total minimum capital to 2.5 million rupees.

The minimum required capital has been increased from 1 million, according to Ministry of  Culture, Tourism and Civil Aviation spokesperson, Ganashyam Upadhyaya. This is done to develop the tourism industrial sectors and overcome its difficulties.

In the new manual passed by the ministers’ cabinet on Thursday, there is also a provision for self-dissolved businesses to be renewed by paying twice the cost of renewal. The renewal fees for travel and trekking companies has also been increased to Rs. 25,000.  The government has increased the minimum capital and renewal fees for such companies to make the industry more responsible and organized, said Upadhyaya.