Home» News» inDrive Shares Updates on Legal Compliance in Nepal

inDrive Shares Updates on Legal Compliance in Nepal

Ride-hailing service inDrive has released a statement addressing its efforts to become legally compliant in Nepal.

inDrive
inDrive

The company, previously known as inDriver, is currently in the process of obtaining registration as a legal entity under the Foreign Investment and Technology Transfer Act, 2019.

inDrive submitted its foreign investment application to the Department of Industry on October 17, 2022, but the registration process has taken longer than expected.

Despite the delay, inDrive has assured the public that it is making every effort to ensure compliance with local laws. The company also emphasized its commitment to boosting the Nepali economy by creating more earning opportunities for local drivers, as it does not currently earn any profit from its operations in Nepal and does not take any commission from drivers.

inDrive also emphasized its focus on safety, with features built into its app such as a location-sharing feature and an emergency call button that connects directly to the local police. The company stated that its drivers have been thoroughly screened and verified by its core team before being allowed to provide services to passengers. In addition, the inDrive support team is available 24/7 to assist users with any inquiries or concerns.

inDrive is an international ride-hailing service company that is currently operating in several countries, including Nepal. Unlike other ride-hailing apps that automatically determine the fare for a ride, inDrive allows passengers and drivers to negotiate and agree on the fare through its app.

In an interview with TechLekh in August 2022, InDrive’s South Asia PR Manager, Pavit Nanda, stated that the company plans to register as a legal entity in Nepal once it begins doing business there. Currently, inDrive does not take commissions from drivers in Nepal, but Nanda indicated that this will change in the future, with the commission rate expected to be below 10%.

inDrive has been operating in Nepal since April 2022, although it was available for testing prior to that. The company currently does not have a physical office in Nepal.

READ NEXT: PM Dahal Halts MDMS, Eases Customs Duty Regulations on Mobile Phones

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest
Bajaj Pulsar N-Series