How many startups or other companies would want to work out of Nepal?
Regus is betting that a few just might with the announcement this week that it has opened a business centre in the Himalayas. The centre’s opening last week marked the 100th country for Regus, which claims to be the world’s largest provider of flexible workspaces.
“The expansion of the Regus network to 100 countries is momentous. In every market where we operate, we create new opportunities for both local and international businesses,” said Regus CEO Mark Dixon. “In country after country, we’re making it ever more feasible and affordable for businesses to achieve their growth and export ambitions.”
The Regus centre at Trade Tower Nepal is at the hub of Kathmandu, the Nepalese capital. It offers business-ready office space, meeting rooms and a walk-in business lounge that companies can rent on flexible terms from a day to a year. It has secure, high-speed Internet and multilingual administrative support and reception services.
Low cost, low wages, new skills
Nepal, the world’s only Hindu country, has opened up its economy in recent years. Still growing only at an annual 4% rate, it is hungry for foreign investments in order to fuel growth in what is still an impoverished country.
The mountain country offers significant advantages to international companies. It offers low overhead costs and low wages, besides growing operating capacity and skills. Regus believes the opening of its centre in Kathmandu provides a flexible and convenient springboard for Australian companies to thrive.
Nepal enjoys good economic ties with both neighbouring China and India, as well as with Australia. Business opportunities lie in sectors such as manufacturing, energy, tourism, minerals, construction and agriculture.
“We’re excited and delighted that Regus is backing Nepal by opening its first business centre in the country. The Government of Nepal is very committed to attracting Australian companies and offering them an investment-friendly business and tax environment,” said Deepak K. Khadka, honorary consul-general of Nepal to New South Wales.
“The arrival of Regus in Kathmandu makes Nepal an even more attractive business destination. Regus’ presence will help bring companies from all countries to Nepal and the benefits to businesses and the Nepalese economy will be significant,” he added.
With a presence in 100 countries now, Regus’ clients include corporate behemoths such as Google, GlaxoSmithKline, and Nokia, and smaller startups. In Australia, Regus operates 40 locations across a national network that spans Sydney, Melbourne, Perth, Brisbane and the Gold Coast, Adelaide, Canberra and Wollongong. In Asia, Regus has a presence Singapore, Hong Kong, Shanghai, and in emerging markets such as Cambodia.