IFC supports Govt to introduce licensing e-portal

International Finance Corporation (IFC), a member of the World Bank Group, is partnering with the government to introduce an e-portal of business licenses to make it easier and faster to start businesses in the country.

The Nepal e-portal of licenses, hosted by the Nepal Information Technology Center (http://licenseportal.gov.np), is a one-stop solution with a comprehensive inventory of 130 licenses and related information on starting and operating a business.

The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK government and the Norwegian Agency for Development Cooperation, is supporting this initiative.

Through the portal, Nepalis entrepreneurs, including non-resident and foreign investors, can get all the official information needed to apply without having to visit the offices of the different licensing agencies, saving considerable time and money.

"The e-portal will improve government services to businesses, enhance transparency, and create an enabling environment for local businesses to grow and thrive,” IFC press statement quoted Pavol Vajda, IFC’s Acting Resident Representative in Nepal as saying. nepalnews.com