Individually, the persons of Nepali origin may not be able to obtain loan from financial institutions, but whenever they make investment, in Nepal, that is done through a company. In other words, they have to incorporate a company. That company is a bona fide Nepali legal entity and that company can obtain loans from financial
Read MoreThe Nepalese tax law has the provision of Resident and Non-Resident taxpayer. The resident taxpayers have to declare their global income and pay taxes accordingly. The Non-Resident taxpayers have to declare their earnings in Nepal and pay taxes on their income in Nepal. The NRNs have to pay taxes as Non-Resident taxpayer on their earnings
Read MoreAlthough the law does not prohibit such investment, but due to the lack of procedures, such investment has not been possible so far.
Read MoreThey have to follow the procedure of foreign investment, i. e. they have to apply to Nepal Government -Department of Industry, get preliminary approval, register a company, take necessary sectoral approvals and start business.
Read MoreThey have to follow the same procedures as any other foreign investor.
Read MoreYes, provided they have acquired necessary permits for investment in Nepal and have fulfilled the norms like tax clearances as stated in Clause No. 7 of NRN Act 2007 (2064).
Read MoreYes, any NRN with a valid NRN card can open and maintain a bank account.
Read MoreAs of today, a spouse of NRN with Foreign nationality cannot obtain NRN card unless he or she on their own right qualify for obtaining such card.
Read MoreNo, the underaged children are neither eligible nor need to take NRN card.
Read MoreAs of now, Foreign Citizen of Nepali Origin are not allowed to hold Civil and Government jobs where as they can apply for jobs at Private Companies and NGOs by taking work permit from concerned authorities. The Nepali Citizens residing abroad do not face such restriction. But once they start to stay in Nepal, they
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