This chapter examines the making of the migration brokerage market in Nepal and evaluates the role of the emigration state. Tracing the developments in the country from the 1950s onwards, it discusses Nepal’s dependence on foreign capital, initially in the form of aids and grants and later as remittances. By analysing state initiatives towards the institutionalization of labour emigration, it follows the journey of Nepal becoming a labour-exporting country. One such initiative that anchors the discussion is the use of the market as a means to stabilize labour emigration. Drawing on interviews with the representatives of the state and analysis of migration policies from 1985 onwards, and using the analytical framework of market-making, the chapter argues that the Nepalese state “made” the migration brokerage market in Nepal. It evaluates different state interventions used to organize and sustain labour emigration through the brokerage market and reveals how the state prevented self-organized migration to delegate migrant responsibility to the market actors. The findings illuminate the evolving role of emigration states and the politics of market-making in Nepal and beyond.