In an effort to involve Nepali citizens working abroad in the national capital market, the Government of Nepal implemented a new provision starting from Kartik 17, 2079 (November 3, 2022), allocating 10% of shares in Initial Public Offerings (IPOs) under a special Remittance Quota. This initiative, introduced by the Securities Board of Nepal (SEBON), aims to provide foreign-employed Nepalis with a legal and accessible pathway to invest in Nepal’s stock market under their own name. With this system in place, Nepali migrant workers can now participate in IPOs without the complexities that previously restricted their involvement.

The application process is categorized into two types. If you already have a bank and DMAT account in Nepal, your first step is to convert your existing savings account into a Remittance Savings Account. To do this, you’ll need to submit documents such as your labor permit, passport, visa, photograph, signature, and bank account details to your bank via email or online. Moreover, you must show proof of at least Rs. 50,000 deposited within the past six months, confirming regular remittance activity. On the other hand, if you are new to the process, you must first open a Remittance Savings Account at any bank that offers ASBA (Applications Supported by Blocked Amount) services. Afterward, you’ll need to open a DMAT account and register for Mero Share, which allows you to apply for IPOs online. Required documents for this route include your labor permit, passport, visa, national ID, recent photograph, signature, and a mobile number registered in your name.

It is essential to understand that once you apply for an IPO under the Remittance Quota, you are not allowed to reapply for the same IPO under the General Public Quota. Doing so or applying from two different accounts is considered illegal and may result in disqualification. This system not only provides an excellent opportunity for migrant workers to legally invest their hard-earned money but also supports the country’s economic growth by channeling remittances into productive investments. With the right preparation and documentation, Nepalis abroad can now take a meaningful step toward long-term financial stability while contributing to the development of their home country.