Lately, Education Consultancy has been the fastest growing <a href="https://www.biznestbazaar.com/buy-a-business">business sector</a> in Nepal. The excessive growth of students wanting to study abroad has pulled the entrepreneurs to invest in the field of education consultancy. Whenever the consultancy is established it has to go through all the <a href="https://www.biznestbazaar.com/blog/company-registration-process-in-nepal">registrations </a>and licensing.&nbsp;Being an entrepreneur if you want to invest in the business of education consultancy, merely the process of establishing a company follows the same guideline as set in The Companies Act 2063.&nbsp;<h3>Company Registration Process</h3>&nbsp;The establishment of an education consultancy follows the guidelines set forth by The <a href="https://nepaltradeportal.gov.np/resources/docs/%E0%A4%95%E0%A4%AE%E0%A5%8D%E0%A4%AA%E0%A4%A8%E0%A5%80-%E0%A4%90%E0%A4%A8-%E0%A5%A8%E0%A5%A6%E0%A5%AC%E0%A5%A9.pdf">Companies Act 2063</a>. The process of company registration involves certification from three key authorities:&nbsp;<ul><li>Office of Company Registrar &nbsp;</li><li>Ward Office &nbsp;</li><li>Inland Revenue Department Office</li></ul>&nbsp;<figure class="image"><img src="https://api-v1.biznestbazaar.com/public/blog_media/Office_of_Company_Registrar.png"></figure>&nbsp;Upon obtaining the registration certificate, the next step is to apply for permission from the Ministry of Social Development of Bagmati Province, which currently issues licenses exclusively for operating education consultancies.&nbsp;Also read: <a href="https://www.biznestbazaar.com/blog/a-comprehensive-guide-to-securing-startup-funding-in-nepal">A Comprehensive Guide to Securing Startup Funding in Nepal</a>&nbsp;<h2>Some of the further checklist for education consultancy registration in Nepal</h2>&nbsp;After being certified from three different tiers i.e. <a href="https://ocr.gov.np/">Office of Company Registrar</a> (OCR), Ward Office and In-land Revenue Department Office and getting a registration certificate, one has to fill the application form and get permission from the Ministry of Social Development of Bagmati Province.&nbsp; Currently, Bagmati Province is only given a license to run an education consultancy.&nbsp;The application form shall include :&nbsp;<ul><li>Receipt voucher of tax payment, Rs. 5000/- only. &nbsp;</li><li>&nbsp;Fill the application with contact details (as per mentioned in Schedule 1 of the Ministry of Social Development website) &nbsp;</li><li>The copy of PAN registration. &nbsp;</li><li>&nbsp;&nbsp;Company’s verified MOA and AOA. &nbsp;</li><li>Photocopy of founder’s citizenship (at least 2) &nbsp;</li><li>Photocopy of Recommendation letter by&nbsp; bank in the name of company account &nbsp;</li><li>&nbsp;Company profile which shall include stamp and signature, profile details like facilities that will be provided by the institution &nbsp;</li><li>Exception, if the company is established in a rented house; it shall provide photocopy of house agreement of at least 2 years span of time.</li></ul>&nbsp;Also read: <a href="https://www.biznestbazaar.com/blog/8-things-to-consider-while-selling-your-business">8 Things to Consider While Selling Your Business</a>&nbsp;In Nepal, a license for consultancy is provided, under three classification only :&nbsp;<h4>Pre-Preparatory Class (IELTS/PTE) (पूर्व तयारी कक्षा)</h4>&nbsp;<ol><li>Photocopy of instructors bachelor graduation certificate &nbsp;</li><li>Photocopy of citizenship &nbsp;</li><li>Appointment letter of instructor &nbsp;</li><li>Photocopy of certificate where an instructor shall at least have obtained 75% in related subjects.</li></ol><h3>&nbsp;</h3><h4>Language Class (English, Korean, Japanese) (भाषिक कक्षा)</h4>&nbsp;<ol><li>Photocopy of graduate level certificate showing the qualifications of the instructor. &nbsp;</li><li>&nbsp;Photocopy of Citizenship &nbsp;</li><li>Photocopy of instructor’s appointment letter &nbsp;</li><li>Photocopy at least one year of training in the relevant language for language training or diploma certificate</li></ol><h3>&nbsp;</h3><h4>Educational Counselor: at least 2 (परामर्श कक्षा)</h4>&nbsp;<ol><li>&nbsp;Photocopy of&nbsp; instructor’s bachelor graduation certificate &nbsp;</li><li>Photocopy of Citizenship ( at least 2) &nbsp;</li><li>Photocopy of appointment letter of instructor’s (at least 2) &nbsp;</li><li>Photocopy of education counseling training certificate from renowned institution &nbsp;</li><li>Photocopy of agreement with at least two international university or college&nbsp; representative ( at least 2) &nbsp;</li></ol><blockquote>Note: The photocopy paper shall be verified by Notary Public&nbsp;Also read: <a href="https://www.biznestbazaar.com/blog/buying-a-franchise-vs-independent-business">Buying a Franchise vs. Independent Business</a></blockquote><h3>&nbsp;</h3><h3>Frequently Asked Questions (FAQ)</h3>&nbsp;What a Memorandum of Association (MOA) shall include?&nbsp;The MOA of education consultancy shall clearly outline the objectives and activities. The MOA should include the objectives according to&nbsp; the classes they are running. If the consultancy is for Preparatory classes then the <a href="https://www.moha.gov.np/">MOA</a> of the consultancy shall include the objective targeting for preparatory classes activities. If the consultancy is for consultation then it should have the objective focusing on providing facilities for abroad studies. If the consultancy wants to run language classes like PTE IELTS, etc then the objective of the company should focus on teaching the language.&nbsp; What an Article of Association (AOA) shall include?&nbsp;The AOA shall include ; the procedures for convening annual general meeting, number of directors and tenure of directors, proceedings of general meeting, provision related to the minutes of decisions of the general meeting.&nbsp;Can an education consultancy be operated while awaiting license approval?&nbsp;It is better to wait until the license is obtained. Operating without the necessary license could lead to legal and regulatory compliance.&nbsp;Will registering a company allow me to run an Education Consultancy?&nbsp;No, only registering in the office of the company registrar will not allow you to run an education consultancy. To run an education consultancy you need to register and take permission from the Ministry of Social Development of <a href="https://mosd.bagamati.gov.np/">Bagmati Province</a>. Currently, Bagmati Province is only providing the license.&nbsp;Do the concerned authorities come for inspection?&nbsp;When all the documentation is ready then the authorities come for inspection.&nbsp;What if the desired name is not available?&nbsp;If the desired name is not available on the OCR website, there need to be considerations for alternative names that reflect the essence of the objective of education consultancy.&nbsp;How long does it take to complete the registration process?&nbsp;Typically the registration process takes a few weeks to a couple of months; depending on some of the factors like document preparation, government processing times, and administrative procedures.&nbsp;When should the consultancy be renewed?&nbsp;The consultancy&nbsp; shall be renewed in every fiscal year.&nbsp;What are the documents required for renewal of consultancy?&nbsp;The documents required for renewal are:&nbsp; 1. Progress analysis of the last financial economic year 2. Last fiscal year financial account report 3. The description of institution working schedule, cost and services providing by the institution 4. Certificate of registration of the company 5. Certificate of company update 6. The detailed description of fees collected on last fiscal by providing counseling service&nbsp; 7. Certificate of tax clearance&nbsp;Also read: <a href="https://www.biznestbazaar.com/blog/franchise-agreement-15-essentials-you-need-to-know">Franchise Agreement: 15 Essentials You Need to Know</a>&nbsp;<h3>Franchise Option</h3>&nbsp;For a smoother entry into the education consultancy business, purchasing a franchise can be advantageous. Franchises already possess the necessary licenses, enabling you to operate as a branch under their umbrella.&nbsp;For more information on acquiring a franchise, visit our website at <a href="http://www.biznestbazaar.com">Biznest Bazaar</a> or contact us at <a href="mailto:info@biznestbazaar.com">info@biznestbazaar.com</a> for expert business <a href="https://www.biznestbazaar.com/hire-professional">consultations</a>.&nbsp;Also read: <a href="https://www.biznestbazaar.com/blog/advantage-of-buying-registered-business-in-nepal">Advantage of Buying a Registered Business in Nepal</a>&nbsp;Disclaimer: The information provided here is for informational purposes only and should not be considered as legal advice. Please consult with a qualified legal expert for professional legal opinions. You can also consult with our <a href="https://www.biznestbazaar.com/hire-professional">professionals</a> for further assistance.&nbsp;

Education Consultancy Business Registration Process in Nepal

FAQs

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