Legal and regulatory missteps can cost companies not just money, but reputation and operational licenses. At Flair Financial Accounting (FlairFAS), we bridge the gap between finance and law. Our Legal & Compliance Services empower businesses, NGOs, and multinationals to stay protected, proactive, and aligned with all statutory frameworks — both local and international.

1. Business Entity Structuring & Registration

Who It's For: Startups, SMEs, Foreign Companies, NGOs

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What We Deliver:

FlairFAS simplifies the process of legally forming or restructuring your business. Whether you're launching a new company, establishing a nonprofit, or converting to a joint venture, we provide complete guidance — from selecting the right legal structure to filing approvals with Nepal’s regulatory bodies.

• Private and Public Company Incorporation

• NGO and INGO Registrations

• Joint Venture & Partnership Structuring

• Entity Conversion or Mergers

• Representation before OCR, SWC, or other regulators

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Challenges We Solve:

• Entrepreneurs confused about which structure to choose

• Delays in government registration due to missing documents

• Regulatory ambiguity for cross-border or hybrid ventures

2. Regulatory Compliance Advisory

Who It's For: All regulated industries, NGOs, and global enterprises operating in Nepal

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What We Deliver:

Our team ensures your operations meet all relevant local, tax, labor, and sector-specific regulations — not just once, but on an ongoing basis. We turn complex laws into actionable checklists that your business can implement without legal friction.

• Periodic Compliance Audits

• Sectoral License & Permit Procurement

• Labor Law, Tax, and Corporate Social Responsibility (CSR) Advisory

• Risk & Control Monitoring Systems

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Challenges We Solve:

• Penalties or warnings for missed filings or license renewals

• Gaps in labor law compliance leading to employee disputes

• Misalignment with environmental or CSR requirements

3. Contract Drafting & Legal Vetting

Who It's For: B2B Companies, NGOs, Service Providers, Foreign Investors

What We Deliver:

We don’t just draft documents — we bulletproof your agreements. From commercial contracts to vendor NDAs and service-level agreements, our legal team crafts documents that protect your interests and reduce future legal risk.

• Custom Legal Drafting for Business, Employment, and Property Contracts

• Vetting of Third-Party Agreements (donor agreements, leases, JVs)

• Compliance Check for Nepalese and International Enforceability

• Dispute-preventive Clauses & Liability Allocation

Challenges We Solve:

• Contracts with unclear terms leading to disputes

• Legal exposure from vague or outdated formats

• Incompatibility of foreign-drafted contracts with local law

4. Legal Risk & Governance Assessments

Who It's For: Donor-Backed NGOs, Corporate Boards, Family Businesses, PE Investors

What We Deliver:

Legal health is essential for long-term viability. FlairFAS conducts comprehensive reviews of your governance framework, risk exposure, and compliance posture — ensuring your leadership and funders have a clear picture of legal integrity.

• Legal Due Diligence for M&A, Fundraising, or NGO Donor Reporting

• Governance Framework Evaluation (bylaws, board structure, approvals)

• Risk Registers & Legal Exposure Mapping

• Crisis Preparedness & Liability Mitigation

Challenges We Solve:

• Donors demanding stronger governance

• Boards exposed to legal risks due to poor documentation

• Lack of internal controls or delegated authority policies

5. NGO & INGO Regulatory Compliance

Who It's For: Local and International NGOs, Development Agencies, Foundations

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What We Deliver:

We specialize in managing the complex legal terrain that nonprofits face in Nepal. From project approvals with the Social Welfare Council (SWC) to crafting donor-compliant agreements, FlairFAS is your legal navigator for impact-driven operations.

• SWC Registration, Renewal & Reporting

• INGO Agreement Structuring & Review

• Dual Audit & Legal-Accounting Compliance Alignment

• Legal-Donor Governance Synchronization

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Challenges We Solve:

• Delays in activity approval from the SWC or ministry

• Disallowed costs or penalties from audit non-compliance

• Conflicts between donor guidelines and local laws

Expanding into Nepal? Partnering with a local NGO? Conducting due diligence before funding a regional venture? FlairFAS is your on-the-ground legal and compliance partner—trusted by international enterprises, development agencies, and global investors alike.

Who We Serve:

Foreign entities often face:

• Incompatible legal frameworks

• Delays due to unfamiliar processes

• Tax exposure from non-aligned structures

• Dual audit and donor reporting conflicts

FlairFAS eliminates those pain points. Our legal and compliance team acts as your trusted interface between Nepalese regulations and your global operating model — ensuring you operate with full legal clarity, transparency, and confidence.

Client: A European Union-funded NGO focused on women’s health and education

Challenge:

The client needed to establish a fully compliant Nepali presence to manage multi-year donor funds.

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They faced:

• Delays in SWC project agreement approvals

• Conflicting compliance demands from EU auditors and local authorities

• Inadequate legal documentation from previous consultants

• Concerns over legal liability of foreign directors

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Our Solution:

FlairFAS deployed a cross-functional team of legal and financial experts to resolve the situation in 3 phases:

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1. Legal Structuring & SWC Alignment:

Registered the organization under proper legal form with Ministry and SWC coordination. Established bylaws and board structures in line with both EU and Nepalese norms.

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2. Compliance Restoration:

Conducted a gap analysis of past filings and donor terms. Rectified prior compliance oversights, resubmitted reports, and negotiated filing extensions.

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3. Governance & Legal Risk Shielding:

Implemented a localized governance model with clear delegation of authority, risk registers, and contract templates vetted for local enforceability.

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Outcome:

• Project agreement approved within 45 days

• Passed EU compliance audit without flags

• Operations launched with legal clarity and board protection

• Ongoing relationship with FlairFAS for quarterly legal-health reviews

Client: A regional tech company headquartered in India, expanding into Nepal to service government contracts

Challenge:

The firm encountered:

• Confusion around local incorporation vs. branch office setup

• Delayed VAT registration blocking contract payments

• Unclear tax withholding obligations under the Nepal-India DTAA

• Risks of non-compliance with labor laws for local hires

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Our Solution:

• Recommended and executed a branch registration model with BOI approval, tailored for their business model

• Fast-tracked VAT and PAN registrations with clear documentation checklists

• Applied the Double Taxation Avoidance Treaty (DTAA) to optimize tax liabilities

• Drafted locally compliant employment contracts and HR policies

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Outcome:

• Operational setup completed in 30 business days

• Cleared to invoice and receive payments from government clients

• No penalties or non-compliance notices during their first year

• Retained FlairFAS as long-term compliance and tax advisory partner

Client: A U.S.-based VC firm evaluating a $500,000 seed investment in a Nepal-based fintech startup

Challenge:

The VC firm required:

• Clarity on legal ownership structures

• Contract and IP rights verification

• Litigation risk exposure analysis

• Legal-governance alignment before issuing the term sheet

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Our Solution:

• Conducted a 10-day Legal Due Diligence Sprint, covering all corporate, labor, and IP documentation

• Identified a missing regulatory license critical to the startup’s fintech operations

• Helped the startup apply for and secure the required license

• Reviewed and cleaned up shareholders’ agreement and founder vesting terms

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Outcome:

• Term sheet issued with confidence

• Investment closed with legal risks fully mitigated

• VC firm expanded portfolio monitoring with our ongoing risk audits

• Startup scaled with compliant foundations, now seeking Series A

At Flair Financial Accounting, legal support isn’t a silo — it’s a strategic function embedded across finance, governance, and operations. Here’s what sets us apart:

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