With tax breaks, the government unveils the "National Startups Policy, 2080" to encourage the establishment of new businesses.
Imagine a Nepal where brilliant ideas transform into thriving businesses. That's the vision behind the recently launched National Startups Policy, 2080. This groundbreaking initiative throws open the treasure chest of government support, empowering a new generation of Nepali Einsteins to turn their dreams into reality.
Here's how the policy throws off the shackles that often hinder startups:
· Slashing the Red Tape: Forget the registration blues! The policy cuts through bureaucratic hurdles by waiving fees for business registration, renewals, and even industrial property registrations. This frees up valuable time and resources for entrepreneurs to focus on what matters - innovation.
· Planting the Seeds of Success: Just like a seedling needs fertile ground to flourish, startups require seed money. The policy provides access to vital seed funding, along with expert guidance through consultancy services and technical assistance. It's like having a team of experienced gardeners nurturing your entrepreneurial vision.
· Conquering the Global Market: The world is your oyster! The policy equips Nepali startups with special weapons to compete on the international stage. Concessional loans and cash incentives act as a shield and sword, offering financial security while giving a competitive edge in the global marketplace.
· A Decade of Tax Freedom: Imagine a ten-year tax holiday! The policy grants startups a sweet ten-year income tax waiver, allowing them to reinvest profits back into their ventures and fuel their growth. It's like a financial jetpack, propelling them towards success.
· Unlocking the Banks' Vault: Access to capital is the lifeblood of any startup. The policy compels banks to become allies of innovation. Banks will be required to offer startups reduced interest rate loans, making financing more attainable. Additionally, a specific portion of their lending portfolio must be dedicated to these budding ventures, ensuring a steady flow of funds.
· Fueling the Fire of Innovation: Great ideas deserve a special boost. The policy establishes a dedicated fund to nurture groundbreaking concepts. This fund will provide additional loan subsidies for innovative projects, acting as a catalyst for a culture of creativity and pushing the boundaries of what's possible.
The National Startups Policy, 2080, isn't just a policy; it's an invitation. It's an invitation for Nepal's brightest minds to step forward, take a risk, and change the world. With this comprehensive support system in place, Nepal is poised to become a breeding ground for groundbreaking ideas and a beacon of innovation for the entire region. The future is bright, and Nepal's Einsteins are ready to lead the charge.