Reserved IPO for foreign employment

Reserved IPO for foreign employment; How we can apply IPO from Abroad

TIA

What is reserved IPO for FOREIGN EMPLOYMENT

Recently The Securities Board of Nepal (SEBON) has issue notices that, any foreign worker who possesses a valid work permit is eligible to apply for an initial public offering (IPO) for the 10% reserve.

This policy is only applicable to individuals who have been granted work permits by the Government of Nepal. 

It does not apply to individuals who travel outside of Nepal. For visas to study and other purposes, except visas to work. 

If Nepalese people living in golf countries send money home through the proper channels, they most possible benefits from this development.

how we can apply reserved foreign employment IPO from Abroad?

issued reserved IPO in the meroshare

Well, if you are working in gulf countries probably most of us came here only after taking work permit by government of Nepal श्रम, रोजगार तथा सामाजिक सुरक्षा मन्त्रालय.

we need to have following 3 things before apply:

1. Valid work permit issued by government of Nepal.
2. Remittance saving Account in any bank of Nepal.
3. Demat, Meroshare.

You may have only work permit issued by government of Nepal, because you cannot come without this, other then this you can make online till to apply IPO.

Now, if you already have bank account in NEPAL you can contact to your bank and ask advise to change normal saving account to remittance saving account and follow the procedure else if don't have bank account you can create through online.

once you create bank account take services demat and meroshare with the same bank which you can apply through online as well. once everything done you can apply reserved share through meroshare application.

Not an affiliation but i like the services of ADBL bank, they will done everything that required with quick response.