Nepal, Jan. 25 -- In December 2025, iDream Technologies Pvt. Ltd., a Nepali IT company, obtained permission to invest in setting up a branch in the US. It's the first time a Nepali company has been permitted to invest abroad.

About 61 years ago, the Act Restricting Investment Abroad, 1964, was enacted to restrict Nepalis from investing abroad. This Panchayat-era act made it punishable to invest in foreign securities, partner with foreign firms, open foreign bank accounts, invest in real estate abroad, and make any cash or in-kind investment abroad, except for those specifically designated by the government of Nepal. The law was introduced to strictly retain the foreign exchange reserve, which stood at $47.8 million in 1964, and encourage...