Non Resident Nepali Spain?

Non Resident Nepali Spain
WHO ARE NRNS ? “Non-resident Nepali” means a foreign citizen of Nepalese origin and this term also includes a Nepalese citizen residing abroad. “Foreign citizen of Nepalese origin” means a person who him/herself or whose father, mother grandfather or grandmother was a citizen of Nepal at any time and has subsequently acquired the citizenship of any other foreign country other than a member country of the South Asian Association of Regional Co-operation (SAARC).

  • “Nepali citizen residing abroad” means a Nepali citizen who has been residing in any foreign country for at least two years engaged in any profession, occupation, business and employment except a Nepalese citizen residing in a member country of SAARC or serving in a diplomatic mission or consulate situated in a foreign country under the assignment of the Government of Nepal and pursuing studies in an academic institution in a foreign country;

Family members of NRN can also register as NRN and obtain their ID cards. WHY HAS THE GOVERNMENT RECOGNIZED THEM AND SOUGHT THEIR PARTICIPATION? The affairs of NRNs are governed by Non-Resident Nepali Act, 2008 and Non-Resident Nepali Rules, 2009. The government has recognized NRNs and sought their participation for the following reasons: 1.

To motivate Non-Resident Nepalese to take part in all round advancement of Nepal and enhance their attachment towards Nepal; and 2. To encourage their investment in Nepal. FACILITIES EXTENDED TO NRNS BY THE GOVERNMENT OF NEPAL: The government of Nepal has extended, among others, the following facilities to NRNs: 1.

Issuance of Identity Card upon their application with necessary documents and fees 2. Right to open an account in convertible foreign currency 3. Investment can be made in convertible foreign currency 4. Repatriation of investment and profit earned out of investment 5.

Right to run an industry or business 6. Purchase of land for residential purpose 7. Free visa (10 years) to Nepal up to card remains valid. Non-Resident Nepali (NRN) Identity Card (Foreign citizen of Nepali Origin): 1.

A duly filled in application form Download here. Copy of previous Nepali Passport and Citizenship certificate 3. Passport of current nationality, certificate of naturalization and their copies 3. Proof/ Commitment of Nepalese citizenship renouncement. Copy of Citizenship Certificate of father/mother/grandfather/grandmother or any other document that proves their Nepalese nationality 8.

Documents showing proof of business, occupation or employment 9. Proof of address (Current address) 10. Four copies of auto size (3cm X 2. 5cm)recent photographs 11. Revenue Fee US $500 Application Registration Fees: US $20 NEPALI NATIONALS CURRENTLY LIVING ABROAD Required Documents: 1.

A duly filled in application form Download here. Nepali Citizenship Certificate and its copy. Nepali Passport and its copy. Documents related to business in the current country of residence. Document/proof of employment in the current country of residence. Four copies of recent auto size (25mmX30mm) photographs.

What is Non Resident Nepali citizenship?

Non-resident Nepalese (NRN) refers to both the foreigners with Nepalese origin whose parents or grandparents were once the citizen of Nepal and has subsequently acquired citizenship of a foreign country other than any SAARC member countries. This term also refers to the Nepalese people residing in a foreign country for more than two years in the process of pursuing profession, occupation, business or employment in any foreign country other than SAARC member countries.

  • The Government of Nepal has enacted Non-resident Nepalese Act, 2008 and Non-resident Nepalese Rules, 2010 with a view to motivate non-resident Nepalese to take part in the all round development of the country through enhancement of attachment towards Nepal;

These legal provisions have opened the vistas of opportunities to the NRNs to contribute in the socio-economic development of the country while guaranteeing certain rights and charting responsibilities to them. NRN of both categories are encouraged to obtain the NRN identity card to enjoy benefits as prescribed in NRN Acts and Rules.

Services to NRNs Distribution of NRN Identity Card NRN identity card is a card issued either by the Ministry of Foreign Affairs, Nepal or by the Nepalese Embassies or Consulates abroad. If you have renounced Nepalese Citizenship or you are of Nepalese Origin, you are eligible to apply for NRN identity card which is valid for ten (10) years.

Similarly if you have not received foreign passport but living in foreign country you can apply for Non Resident Nepalese Identity Card that will have a validity period of two (2) years. NRN Identity Card will provide certain facilities in Nepal such as visa exemption, purchase of immovable property (land) as provided by the Act Relating to Non Resident Nepalese 2007 and Non-Resident Nepalese Regulations 2009.

  1. The structure of fees for obtaining the NRN identity card is as mentioned below: Registration Fee                           DKK 150 Issuance/Renewal of NRN ID Card                 DKK 3750 (For foreigners of Nepalese Origin) Issuance/Renewal of NRN ID Card                 DKK 375 (For Nepalese Nationals) ( Download form here ) Note: Please go through Annexes I and II of NRN Regulations 2066 for the documents to be submitted;

Non-Resident Nepalese Visa With the second amendment of the Immigration Rule, 2059, a new provision has been added for including a specific type of visa called as non-resident Nepalese visa. This type of visa facilitates the NRN or the people of Nepalese origin and their family members either to stay in Nepal for longer duration for personal business, business purpose or for study and research purpose.

  • The visa is valid up to ten years and is renewable;
  • The Department of Immigration is the authorized agency to issue the NRN visa with the approval of the Ministry of Home Affairs for the first time;
  • The application for the visa may also be submitted either through the Nepalese missions abroad or directly at the Department of Immigration;

In case of the NRNs who have not obtained the NRN ID card yet, a visa fee of US $ 110 is applicable. But for the students, it will be US$ 55 only. For more information, please visit the following links: NRN Act, 2064 ( Download ) NRN Regulations, 2066 ( Download ).

How do I get a Non Resident Nepali card?

Can NRN inherit property in Nepal?

FAQ – Who is NRN? The term ‘Non Resident Nepali’ (NRN) defined by the law made by the Parliament of the Nepal. This term is used to indicate two types of People. It is used for persons of Nepali origin holding citizenship of countries other than member states of South Asian Association for Regional Cooperation (SAARC) and Nepali nationals residing outside of SAARC member states.

  1. Why was NRNA established? The Non Resident Nepali Association (NRNA) was established to unite the Nepali Diaspora; utilise their knowledge, skills, resources in the interest of Nepal and involve them in the socio-economic development of Nepal and the Nepali people;

How was NRNA Established? The idea of establishing a global Nepali organization (NRNA) was conceptualized by Nepalese living in Russia in 2002, later to globalize and materialize the idea, a few Nepali community leaders residing in various countries of the world met in London, in 2003 and decided to form a Coordination Committee to unite the Nepali diaspora.

  • They also discussed the possibility of organising an international conference of NRNs in Nepal;
  • The idea quickly got the support of the Government of Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI);

This led to the joint organisation of First Non-Resident Nepali Conference on 11-14 October 2003. The assembled NRN delegates of that conference decided to join their hands together to organise NRNA as a common forum of NRNs. When was NRNA Established? The date of inauguration of the First NRN Global Conference, i e.

  1. , 11th October 2003 is considered to be the establishment date of NRNA;
  2. 11th October is also declared as NRN day by Nepal Government;
  3. The formal registration of NRNA by the Government of Nepal was on 20 October 2013;

What is an NRN Card? NRN Card is an identity card issued to a Non-Resident Nepali by the Government of Nepal. NRNcard entitles card holder various benefits as listed in the NRN Act and bylaws. It is issued to those who approach the concerned government body. What are privileges of having NRN Card?

  1. -Identity of the status of the person as NRN
  2. -Free Visa to enter and stay in Nepal (for persons having citizenship of countries other than SAARC Countries)
  3. -Right to open a bank account in convertible foreign currency
  4. -Eligibility to make investment in convertible foreign currency
  5. -Provision to repatriate proceeds of the investment out of Nepal in convertible Foreign currency if investment made in the same currency
  6. -Purchase and sale of land (area as referred in NRNA bylaws) to limited extent Inheritance of ancestral property and ownership of that property in Nepal
  7. -Tax Exemption on initial capital of investment
  8. -Certificate of Investment Tax Exemption on upto NPR15 Lakhs remittance to close relatives of NRN in one fiscal year for personal expenses
  9. -Tax exemption on the remitted funds via formal banking channel for the Social, Political, Cultural, Religious, Charity, Sports and Disaster Relief Projects
  10. -Rights to establish Industry and Business and enjoy investment facilities as enjoyed by Foreigners

What is the process of obtaining NRN Card? The NRNs willing to obtain NRN Card have to register their names by providing their detailed information as prescribed in the format stated in NRN Bylaws 2009 (2066) and put forward the application to Nepal Government – Ministry of Foreign Affairs, Kathmandu or Nepal Embassy and Mission offices abroad. List of documents required for obtaining NRN Card? FOREIGN NATIONALS OF NEPALI ORIGIN:

  • -A duly filled in application form (as prescribed in NRN Bylaws 2 009(2066)
  • -Naturalization Certificate and its copy provided by respective country
  • -Copy of Passport issued by respective country

Citizenship Certificate and a copy of it  as a proof of Nepali Origin for person who earlier held Nepali citizenship)

  • -Copy of Citizenship Certificate of Father/Mother/Grandfather/Grandmother or any other document that proves their Nepali Nationality and evidence of relationship
  • -Document/proof of any profession or business in the country of current nationality
  • -Document/proof of employment in the country of current nationality.
  • -A recent passport size photo (for the application form)
  • -Two recent auto size photo (for the identity card)
  • -Application and Card Fee
  •  
  • NEPALI CITIZENS RESIDING ABROAD:
  • -A duly filled in application form (as prescribed in NRN Bylaws 2009(2066).
  • -Nepali Citizenship Certificate and its copy
  • -Nepali Passport and its copy
  • -Documents related to business/profession in the current country of residence
  • -Document/proof of employment in the current country of residence
  • -A recent passport size photo
  • -Two recent auto size photo (for the identity card)
  • -Application and Card Fee
  1. What is the fee structure of getting NRN Card?
  • Application Fee: USD 20 outside of Nepal or Rs. 1500 in Nepal

Card Fee for Foreign Citizen of Nepali Origin: Countries of Europe, North America, South America, Australia Region including New Zealand, Japan and Korea of Asia Pacific Region           – USD 500 Countries except above listed                       – USD 250 Card fee for Nepali Citizen residing outside of Nepal: USD 50

  1. What is the validity of NRN Card?
  • The validity of the NRN cards is 10 (Ten) years for Foreign Nationals of Nepali Origin and 2 (Two) years for Nepali citizens residing abroad.
  1. Who are eligible to get NRN Card?
  • Foreign citizen of Nepali Origin or Nepali Citizen residing outside of Nepal are eligible to get NRN Card
  1. Is it necessary to get affiliation of NRNA to obtain NRN card?
  • No, affiliation with NRNA is not compulsary.
  1. Is foreign Spouse of NRN eligible to get NRN Card?
  • The NRN card is given only to those who are either foreign nationals of Nepali origin or who are Nepali citizens residing abroad.
  1. Can NRN card holders exercise their voting/ political rights?
  • No, the NRN Cardholders are not automatically given political rights.
  1. Do NRNs need visa to enter and stay in Nepal?
  • The foreign nationals of Nepali origin do need a valid visa to enter into and stay in Nepal. But such visa is issued free of charges (gratis) at the entry points as well as in the missions and at the immigration offices for persons with NRN Cards. Nepali Citizens residing abroad do not need any visa to enter into and exit from Nepal.
  1. Do NRNs get on arrival visa in Nepal?
  • NRN Card holders get Tourist visa (Gratis) on arrival at the airport. The rule governing visa for persons of Nepali Origin without NRN Card is the same as applied to any other foreign national.
  1. What is NRN Visa?
  • NRN Visa is Tourist (Gratis) visa issued to an NRN Card holder upon arrival at the Nepal airport. It is issued for given number of days as pre-determined by the Department of Immigration, Nepal Government.

NRN Visa can be extended by applying at Department of Immigration (Non Tourist Visa Section) along with specified documents. It is extended for maximum of one year at a time. NRN visa both at the airport and DOI is issued free of charges till the date of validity of NRN card. NRN card holders are not allowed to stay in Nepal without acquiring NRN Visa.

  1. What are the documents required for obtaining the NRN Visa?
  • Online Application available at the DOI website
  • NRN Card issued by Ministry of Foreign Affairs and its missions based abroad (Original  and Photocopy)
  • Valid Passport
  • Photocopy of Passport and latest Nepalese Visa
  • Health Certificate
  1. Does NRN Card work as the visa for the NRNs?
  • No, the card only enables the NRNs to obtain Visa free of charges.
  1. Do NRNs need to take visa after obtaining NRN Card?
  • Yes, but visa fee is waived (no visa fee).
  1. Are NRN Card holders allowed to stay in Nepal for 10 Consecutive Years?
  • Yes, but they need to renew their visas every year at Immigration Department of Nepal.
  1. Does NRN have to relinquish their Nepali citizenship to obtain NRN card?
  • As already stated, there are two types of NRNs. In case of Nepali citizens residing abroad, they do not have to relinquish their Nepali citizenship to obtain an NRN Card. In case of Foreign Nationals of Nepali Origin, the Nepali law specifies that a Nepali citizen whenever acquires a nationality of a foreign country, he or she automatically ceases to be a Nepali citizen
  1. Does Nepal Government recognize Dual Citizenship of NRNs ?
  • No, Nepal does not allow its citizens to hold dual nationality. But the current constitution has a provision of Non Resident Nepali citizenship of nationals of other countries. A person having a NRN citizenship enjoy economic, social and cultural rights. In other words, they cannot enjoy the political rights generally enjoyed by a citizen.
  1. Are NRNs allowed to work in Nepal as a full time and part time staffs of Civil, Private, NGOs sector or take up their professions like Lawyer, Consultant, and Journalist, Trekking Guide in Nepal?
  • As 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 may lose the NRN status. Also, Foreign Nationals of Nepali origin have to follow the same rule as any other foreign national to pursue professions.
  1. Do underaged children (0-16 years) of NRNs require to take NRN card?
  • No, the underaged children are neither eligible nor need to take NRN card.
  1. How can a foreign Spouse of NRN get NRN Card?
  • As 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.
  1. Are NRNs allowed to hold bank account in Nepal?

Yes, any NRN with a valid NRN card can open and maintain a bank account.

  1. Are NRNs allowed to repatriate proceeds from the sale of their investment in Nepal (capital and profit) from Nepal to foreign Land?
  • Yes, 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).
  1. How can NRNs repatriate the profits from their investment in Nepal?
  • They have to follow the same procedures as any other foreign investor.
  1. What are the procedures for NRNs to make investment in Nepal?
  • They have to follow the procedure of foreign investment, i. they have to apply to Nepal Government -Department of Industry, get preliminary approval, register a company, take necessary sectoral approvals and start business.
  1. Can NRN invest and trade in IPO, FPO, mutual funds and bonds and debentures?
  • Although the law does not prohibit such investment, but due to the lack of procedures, such investment has not been possible so far.
  1. What are the things to consider for NRNs in terms of Tax and Investment in Nepal?
  • The 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 in Nepal.
  1. Can persons of Nepali origin apply for loans from financial institutions in Nepal?
  • 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 bonafide Nepali legal entity and that company can obtain loans from financial institutions of Nepal
  1. Can NRN inherit property from their parents/relatives?
  • Yes as per provisions stated in the NRNA Bylaws 2066, their right to inheritance as per Nepali law is allowed. The new civil code of Nepal allows the holders of NRN Citizenship the right to inherit own and maintain property at par with other Nepali citizens.
  1. Is there any restriction in the amount of property to be owned and inherited by persons of Nepali origin?
  • Yes, There is a limit on buying property by foreign nationals of Nepali origin(NRN card holders). As stated in Clause No. 11 of NRN Bylaws 2066 which states NRN and their family members can purchase and own land and other fixed assest as specified below:
    1. Maximum of Two Ropanis in Kathmandu Valley
    2. Maximum of 8 Kathha in Metropolitan Cities of Terai
    3. Maximum of 4 Ropanis in Metropolitan Cities of Other Districts Except Clause      
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        A and B

  1. Maximum of 1 Biggha in other areas of Terai Except Clause B
  2. Maximu of 10 Ropanis in other areas except Clause A, B, C and D.
  1. What will happen to the property which was owned by NRN when he was a resident of Nepal?
  • As per the NRN Act and Rules, the NRN cardholders can keep the property owned by them when they were citizens of Nepal.
  1. Can Persons of Nepali origin sell their property and take back their money to foreign land?
  • Yes they can do that following the process as prescribed in the prevailing law.
  1. What if NRN over stay in Nepal?
  • The foreign nationals have to abide by the laws relating to immigration. If somebody whether he or she is an NRN or not, is found to have breached the law, they will be penalised as per the law.
  1. Can NRN reacquire Nepali Citizenship?
  • Nepal Citizenship Act 2006 Clause No. 11 states: If any Citizen of Nepal who has acquired foreign citizenship returns to reside in Nepal and submits a notification to the designated authority the evidence he or she has renounced his or her foreign citizenship shall be reinstated the Nepalese citizenship from the date of registering such evidence.

    Which agency issues the NRN Card? The NRN card is issued by the Ministry of Foreign Affairs in Kathmandu(+977014200182). Outside of Nepal, the NRN cards are issued by the Nepali Embassies and Missions. With implementation of the NRN citizenship, the conditions may be eased significantly.

    In other words, the person concerned shall have to prove his/ her previous Nepali Nationality and the evidence that his/her foreign nationality has been annulled.

  1. Will persons who reacquire Nepali Citizenship be treated as the common citizens of Nepal and have access to all the rights provided to Nepali Citizens?
  • Yes, the citizenship when reinstated is to the same category as his /her previous citizenship category.
  1. Is it necessary to have an NRN card to be member of NRNA?
  • No, it is not necessary to have an NRN card to be a member of NRNA. It is only the eligibility criteria to acquire the NRN card and the NRNA membership (registered membership) are the same.
  1. How many types of membership is available in NRNA?
  • There are four types of membership described under NRNA Constitution:
  1. General Member
  2. Registered Member
  3. Associate Member
  4. Honorary Member
  1. What is the highest decision making body of the NRNA?
  • The highest decision making body of NRNA is its International General Assembly (IGA) which meets every two years. The IGA elects the NRNA leadership and also provides the direction to the NRN movement.
  1. What is International Coordination Council (ICC)?
  • ICC is an executive body of NRNA elected by the IGA. It is the body that leads the NRN movement under the guidance of the decisions of the IGA.
  1. What is the Structure of NRNA ICC?
  • The ICC comprises of following members elected at the International General Assembly.
  • President- 1
  • Vice President – 6 (including one Women)
  • General Secretary – 1
  • Secretary –6
  • Treasurer – 1
  • Joint Treasurer – 2
  • Nominated Spokesperson – 1
  • Women Coordinator – 1
  • Youth Coordinator – 1
  • Regional Coordinators – 6 (Representing Africa, Americas, Asia Pacific, Europe, Middle East, Oceania)
  • Deputy Regional Coordinators – 6
  • Regional Women Coordinator – 6
  • Regional Youth Coordinator – 6
  • Members – elected from each National Coordination Councils on the basis of their membership strength
  1. What is International Executive Secretariat (IES)?
  • IES is the core body of NRNA formed to execute the activities of the ICC efficiently and effectively. It comprises of President, Vice Presidents, General Secretary, Secretaries, Treasurer, Joint Treasurer, Spokesperson, Women and Youth Coordinator of NRNA.
  1. What is Office Bearers (OB)?
  • OB is the executive committee of NRNA which comprising of President, Vice Presidents, General Secretary, Secretaries, Treasurer, Joint Treasurer, Spokesperson, Women and Youth Coordinator, Regional Coordinators, Deputy Regional Coordinators, Regional Women and Youth Coordinators of NRNA.
  1. What is National Coordination Council (NCC)?
  • NCC is the officially recognized committee of NRNA formed in different countries and territories where NRNs reside, NCC can be registered according to the local laws of the respective country.
  1. How can the NCC be formed?
  • A minimum number of 10 NRNs residing in one country can form NCC by submitting application to NRNA ICC.
  1. How many Countries have NCCs?
  • Till date NRNA NCC has been formed in 80 Countries and territories.
  1. What is the structure of NCC?
  • NCCs generally comprise of President, Vice President, General Secretary, Secretary, Treasurer, Spokesperson, Women Coordinator, Youth Coordinator and committee members NCCs. The individual NCC may decide on their specific structure under the broad guidance of NRNA statute.
  1. What is Local Coordination Council?
  • LCC is committee representing local states / provinces of the NCC established in respective country. Depending upon the requirements, NCC can form required numbers of LCCs representing states and regions within the respective country. NCC can assign or elect Coordinator for each LCC. The LCC Coordinators are responsible to report to NCC President in time bound manner.
  1. How can one be member of NRNA?
  • Any adult NRN can be the member of NRNA. Membership to NRNA is through application to the  NCCs of respective country by filling up the form and submitting stipulated fee.
  1. What are the benefits of becoming members of NRNA?
  • The member will have status of registered member of NRNA.
  • Identity card as NRNA member
  • Access to different meeting, conference and programs of NCCs and ICC
  • Participation in General Assembly of NCC and NRNA
  • Opportunity to become official delegate of IGA and NGA
  • Networking with the wider group of NRNs residing in different part of the world.
  • Access to discounts and privileges accorded to NRNA member by various enterprises/insitutions
  1. What is NRNA Id Card?
  • NRNA identity card is the card provided to the registered members of NRNA. This card is being provided by NRNA ICC. This card can be utilized for privileges and discounts provided by many national and multinational companies to NRNA members.
  1. What is difference between NRN Card and NRNA identity card?
  • NRN Card is an identity card provided by Nepal Government which is valid for 10 years where as NRNA identity card is card provided by NRNA ICC to the NRNA registered members through NCC verifying their position and involvement in the association, with the validity of two years.
  1. What is NRNA National General Assembly (NGA)?
  • NGA is supreme body of the NCCs which provides directives to the Executive Committee of NCCs and elects the Executive Committee of NCCs. NGA is held every two years in respective countries, not more than months prior the IGA. NGA elects the NCC, ICC member/members representing the NCC and the delegates to participate at the IGA.
  1. What is difference between IGA & NGA?
  • IGA is assembly of entire NRNA where delegates from various countries participate whereas the NGA is the assembly of NRNs in the concerned country
  1. What is NRNA Global Conference?
  • NRNA Global Conference is major event of NRNA. It is jointly organised by NRNA with Nepal government and FNCCI. IGA is held in conjunction with global conference every two years. The conference involves thematic discussions on issues concerning development of Nepal and the NRN movement.
  1. Who can attend IGA?
  • IGA is a closed event of NRNA, which is open to the ICC members, Patron Council, Advisors, Honorary Council Members and registered delegates from NCCs.
  1. Who can attend the Global Conference?
  • Global Conference is open for all the delegates of IGA and interested participants who register for the conference by submitting the form and paying the stipulated fee. It is open for anyone who is interested on the issues being discussed at the global conference.
  1. What are the objectives of the Global Conference?
  • Each global conference has its own theme and the objective are also specific to that conference, but overall objectives of the Global Conference is to bring the NRNs and the policy makers together to dwell on issues concerning Nepal and the NRN community. The Global Conference provides platform for the NRNs to be in touch with decision makers in Nepal and also to link with Nepalese living in other parts of the world. It is also an occasion for the NRN community to show solidarity with Nepal.
  1. How are the expenses of the Global Conference met?
  • Global Conference is a self-sustaining event, the major expenses are meet through sponsorship fee raised for the event as well as the registration fee raised from participants
  1. What is NRNA Regional Meeting?
  • Regional Meeting is the regular event of NRNA which is organized in different regions. The NCCs of particular regions are given responsibility to host the regional meeting.
  1. What is the objective of holding regional meeting?
  • The regional meeting is hold to discuss on the specific issues concerning of NRNs residing in the particular region. The regional coordinators in consultation with the NCCsdecide on the date as well as the agenda of the regional meeting.
  1. What is Global Knowledge Convention?
  • NRN Global Knowledge Convention is a platform that aims to bring together experts of various disciplines from Nepal and Nepali diaspora and explore Nepal’s needs for expert assistance to help the country move towards knowledge-based economy.
  1. What is the objective of holding Global Knowledge Convention?
  • The objective of organising the knowledge convention is to bring the diaspora knowledge pool and the local knowledge pool together for use in the interest of the nation and the national economy. It is also meant to identify the priority areas for knowledge investment in the country.
  1. How many registered members NRNA has?
  • The number of registered members of NRNA is estimated at 70,000 in the term 2017-19.
  1. What is the total number of NRNs at present 2018?
  • The rough estimate of NRNs at present is around 50 lakhs. This figure does not include Nepali speaking nationals of and Nepali citizens living in SAARC member countries.
  1. What are the major projects and initiatives of NRNA in and outside Nepal?

The NRNA has undertaken many projects and initiatives since its establishment. These include:

  • Laprak Model Settlement Development Project
  • NRNA Shankhamul Garden Project
  • NRNA Headquater
  • Ujyalo Nepal Foundation
  • Nepal Open University
  • NRNA Foundation
  • Nepal House
  • Nepal Festivals
  • NRN Investment
  • NRNA Academy
  • Nepal Science Foundation
  • Continuation of Nepali Citizenship
  • NRN Investment Company
  • NRN Microfinance Limited
  • Human Resource Development and Training
  • Blood Transfusion System
  • Road Safety Program
  • Agriculture Promotion
  • Tourism Promotion
  • Sindhuligadhi Masterplan Development Project
  • Uterus Prolapse Project
  • Women Empowerment and Skill Enhancement Project
  • NRNA Bridhhasharam Galeshwor
  • Kriya Putri Bhaban
  • Janaki Temple Lightification
  • Support to Unprivileged Children
  • Support to disabled people
  • Nepal Library Foundation
  • Nepal Policy Institute (NPI)
  • And many more
  1. What is the total amount of investment in Nepal done by NRNs?
  • The rough research done by NRNA regarding direct investment made by the NRNs in nine selected districts was Rs 29,855 million by the end of 2014. estimation of direct investment is around Rs. 60,000 million. As Many NRNs invest in enterprises of their families and friends, it is rather difficult to estimate the the volume of total investment.
  1. What are the major sectors in Nepal where NRNs have invested?

The major sectors or fields of investment by the NRNs are:

  • Service –Hotel Sector
  • Hydro and Renewal Energy
  • Travel and Trekking
  • Information Technology
  • Agriculture & Farming
  • Health Sector
  • Education and Skill Training
  • Communication
  • Financial, Accounting and Banking
  • Aviation & Transportation
  • Migration Services and more.

  Do NCCs help the Nepalese who fall victims in Foreign Country?

  • Yes,NRNA has, to the extent possible, extended helping hand and humanitarian support to rescue and support the Nepalese stranded in foreign land. Such support is rendered by mobilizing the resources from the Nepali community in the country concerned and outside. As the demand for such support is huge, the NRNA policy is to provide such support after due diligence (examination) and support community efforts.
  1. What sort of activities NCCs perform in Foreign land?

The NCCs are involved in activities and functions like

  • Uniting all the Nepalese residing in respective country
  • Representing the Nepali community in the various civic bodies
  • Extending support to Nepalese and local communities
  • Promotion of Nepal, its products and services including tourism
  • Promoting investment in Nepal
  • Organising Nepali festivals, cultural programs
  • Supporting Skill and Technology Transfer from respective country to Nepal
  • Raising funds and contribute to relief and charities works in Nepal
  • Providing skill enhancement programs and trainings to Nepalis
  • Raising voice for the betterment of Nepalese community
  • Lobbying for the welfare and Safety of Nepalese with highest authority of Nepal Government in respective country
  • Supporting NRNA ICC in its efforts of pursing the interests of NRNs and Nepal
  1. Is there any separate committee to look after Youth Activities in NRNA?
  • Yes, there is a separate youth forum led by Youth Coordinator. The youth coordinator is part of the IES
  1. Is there any Separate committee to look after Women Activities?
  • Yes,NRNA has formed separate Women Forum to handle the issues related to Nepali Women. The Woman Forum is headed by a Woman coordinator, who is part of the IES. There is a position of a Vice President at ICC specially reserved for women.
  1. Who was the First President of NRNA?
  • Upendra Mahato, is the founder President of NRNA. Currently he is Chief Patron of the organisation.
  1. Who is the current President of NRNA?
  • Bhaban Bhatta is the current president of NRNA.
  1. Who have been the Presidents of NRNA?

Dr. Upendra Mahato                     ICC 2003-2009 Dev Man Hirachan                        ICC 2009-2011 Jiba Lamichhane                          ICC 2011-2013 Dr. Shesh Ghale                             ICC 2013-2017 Bhaban Bhatta                              ICC 2017-2019 Kumar Panta                                 ICC 2019-2021

  1. Who was the first Women Coordinator of NRNA?
  • Ranjana Udas is the first woman coordinator of NRNA.
  1. Where is the Secretariat of NRNA?
  • The NRNA Secretariat operates from its own Head Quarter  building located at Baluwatar, Kathmandu adjacent to the official residence of the speaker of the lower house of Parliament (Sabhamukh Niwas).
  1. What kind of services the NRNA Secretariat provide?
  • The NRNA secretariat undertakes all activities which are generally undertaken by the secretariat of an association / organization. It is the contact point for the association in Nepal.

Following are the main activities undertaken by the NRNA Secretariat.

  • Organize different Events and conferences of the NRNA
  • Act as the focal contact point in Kathmandu Nepal
  • Disseminate relevant information to all the registered members as well as government and non-government agencies
  • Draft position papers of NRNA
  • Keep database of the registered members and NRNs residing abroad
  • Raise and manage funds for carrying out different tasks of NRNA
  • Facilitate executive members in lobbying major issues related to NRNA and NRNs
  • Provide secretarial and logistics support to the NRNA members
  • Maintain official records of activities and proceeding
  • Maintain and manage accounts and finances of NRNA
  1. How does NRNA meet its expenses including running of the Secretariat?
  • NRNA runs its secretariat through membership fee collected from different registered members, proceeds of the sponsored events, fund raising events and contribution from members. The fund raised for specific purposes (e. Charity, HQ Building Construction, etc. ) is spent only for that specific purpose, whereas the membership fee and other income are used for meeting the general expenses including the expenses of the Secretariat.

Can Non Resident Nepali own property in Nepal?

Under the NRN Act 2064, ‘ NRNs are entitled to buy, own, and sell properties in Nepal and also take their property abroad,’ but a ceiling is imposed on the amount of land they can buy in various parts of the country.

How long can I stay in Nepal with NRN card?

NRN card holders get Tourist visa (Gratis) on Arrival at the airport. It is issued for given number of days as pre-determined by the Department of Immigration. For the extension of NRN visa, contact Department of Immigration (Non Tourist  Visa Section) with following documents. Necessary Documents for Visa Application

  1. Online Application  (Link to Online Visa Application)
  2. NRN Card issued by Ministry of Foreign Affairs and its missions based abroad (Original  and Photocopy)
  3. Valid Passport
  4. Photocopy of Passport and latest Nepalese Visa

Do I need visa if I have NRN card?

Who are Non-resident Nepali (NRNs)? According to the Non-resident Nepali Act, 2008, “Non-resident Nepali” means a foreign citizen of Nepalese origin and this term also includes a Nepalese citizen residing abroad. (a) “Foreign citizen of Nepalese origin” means a person who him/herself or whose father, mother grandfather or grandmother was a citizen of Nepal at any time and has subsequently acquired the citizenship of any other foreign country other than a member country of the South Asian Association of Regional Co-operation (SAARC).

(b) “Nepali citizen residing abroad” means a Nepali citizen who has been residing in any foreign country for at least Two years by doing any profession, occupation, business and employment except a Nepalese citizen residing in a member country of SAARC or Serving in a diplomatic mission or consulate situated in a foreign country under the assignment of the government of Nepal and doing study in an academic institution situated in a foreign country 2.

What is an NRN Card? NRN Card is an identity card issued to a Non-Resident Nepali by the Government of Nepal. NRN card entitles card holder various benefits as provisioned in the NRN Act and Rules. Which agency issues the NRN Card? The NRN card is issued by the Ministry of Foreign Affairs in Kathmandu.

Outside of Nepal, the NRN cards are issued by the Nepali Embassies and Consulates. Who are eligible to get NRN Card? Foreign citizen of Nepali Origin (up to the third generation) or Nepali Citizen residing outside of Nepal are eligible to get NRN Card 5.

What is the validity of NRN Card? The validity of the NRN cards is 10 (Ten) years for Foreign Nationals of Nepali Origin and 2 (Two) years for Nepali citizens residing abroad. Is foreign Spouse of NRN eligible to get NRN Card? The NRN card is given only to those who are either foreign nationals of Nepali origin or who are Nepali citizens residing abroad.

  • Individuals married to NRNS are not eligible for the card;
  • Can NRN card holders exercise their voting/ political rights? No, the NRN cardholders do not have political rights;
  • They are accorded certain benefits and privileges as specified in relevant laws and regulations;

Do NRNs need visa to enter and stay in Nepal? The foreign nationals of Nepali origin holding NRN cards also do need a valid visa to enter into and stay in Nepal. But such visa is issued free of charges (gratis) at the entry ports. Do NRNs get on arrival visa in Nepal? NRN Card holders get tourist visa on gratis basis (free) on arrival at the airport.

The rule governing visa for persons of Nepali Origin without NRN Card is the same as applied to any other foreign national. 10. What is NRN Visa? NRN Visa is a gratis tourist visa issued to a foreign national holding an NRN Card upon arrival at the entry ports of Nepal.

It is issued for given number of days as determined by the Department of Immigration of the Government of Nepal. NRN Visa can be extended by applying at Department of Immigration (Non Tourist Visa Section) along with specified documents. It is extended for maximum of one year at a time. What are the documents required for obtaining the NRN Visa?

  • Online application available at the DOI website
  • NRN Card (Original  and Photocopy)
  • Valid Passport and copy of its biographic data page.

12. Does NRN Card work as visa for the NRNs? No, the card only enables the NRNs to identify themselves as NRN and apply for visa free of charges. 13. Do NRNs need to take visa after obtaining NRN Card? Yes, but visa fee is waived (no visa fee). 14. Are NRN Card holders allowed to stay in Nepal for 10 consecutive years? Yes, but they need to renew their visa every year at the Immigration Department of Nepal.

NRN visa both at the airport and DOI is issued free of charges till the date of validity of NRN card. NRN card holders are not allowed to stay in Nepal without acquiring NRN Visa. 11. 15. Do NRNs have to relinquish their Nepali citizenship to obtain NRN card? The Nepali Citizenship Act provisions that a Nepali citizen whenever acquires a nationality of a foreign country, he or she automatically ceases to be a Nepali citizen, and hence, there is no need to initiate the process of citizenship relinquishment.

Once NRN cards are issued to them, details of their foreign citizenship including the date when they acquire the foreign citizenship to relevant authorities in Nepal so that their Nepali citizenship record/registers are updated with cancellation. 16. Does Nepal Government recognize Dual Citizenship of NRNs? No, Nepal does not allow its citizens to hold dual nationality.

But the current constitution has a provision of Non Resident Nepali citizenship for nationals of other countries. A person having a NRN citizenship enjoys economic, social and cultural rights. However, the provision has yet to be implemented through necessary amendment in existing Citizenship Act and in Rules.

17. Are NRNs allowed to work in Nepal as a full time and part time staff in civil, private, NGOs sector or take up professions like Lawyer, Consultant, and Journalist, Trekking Guide in Nepal? Foreign Citizen of Nepali Origin are not allowed to hold Government jobs, but they can apply for jobs at private companies and NGOs by taking work permit from concerned authorities.

Foreign Nationals of Nepali origins have to follow the same rule as any other foreign national to pursue professions. 18. How can a foreign Spouse of NRN get NRN Card? A spouse of NRN with foreign nationality cannot obtain NRN card.

19. Is there any restriction in the amount of property to be owned and inherited by persons of Nepali origin? Yes, there is a limit on buying property by foreign nationals of Nepali origin(NRN card holders). As stated in Clause No. 11 of NRN Bylaws 2066 which states NRN and their family members can purchase and own land and other fixed assest as specified below:

  1. Maximum of 2 Ropanis in Kathmandu Valley
  2. Maximum of 8 Kathha in metropolitan cities of Terai
  3. Maximum of 4 Ropanis in metropolitan cities of other districts except Clause   A and B
  4. Maximum of 1 Bigha in other areas of Terai except Clause B
  5. Maximum of 10 Ropanis in other areas except Clause A, B, C and D.

Buying properties beyond the above limit is illegal.

How much does an NRN cost?

Revenue Fees of US Dollars 520 as Money Oder ( US $ 500 for NRN ID and US $ 20 for registration) Self-addressed prepaid return envelope with tracking number.

How long does it take to get NRN card?

FAQ  (बारम्बार सोधिने प्रश्नहरु) Before submitting or mailing your complete Application, you must first submit your details HERE   and continue below for the application process. We will return back your application if we do not receive your details.

  1. A duly filled up application form. (Complete and Print NRN ID form  HERE )
  2. A copy of S. Naturalization Certificate.
  3. Original U. Passport and copy of its biographic data page.
  4. Copy of Nepali Passport.
  5. a. Copy of Nepali citizenship of the applicant (if the applicant remained a Nepali citizen in the past, first generation NRN)

Or, b. Copy of Nepali citizenship of the father or mother of the applicant (if the applicant is second generation NRN, i. the applicant is born as foreign national but his/her father or mother were Nepali citizen) Or, c. Copy of Nepali citizenship of grandfather/grandmother of the applicant (if the applicant is third generation NRN, i.

FOREIGN NATIONALS OF NEPALI ORIGIN Required Documents- All copies of the required documents should be self attested (by writing “true copy” at the back of the copies with signature of the applicant and date signed.

the applicant and his/her father or mother are born foreign national but the applicant’s grandfather/grandmother were citizens of Nepal) and the document that proves the relationship between the applicant and the grandparent. Three recent auto size (45 mm in height and 35 mm in width ) photographs.

  1. (2;
  2. 5cm*3cm);
  3. Document/proof of any profession or business in the country of current nationality, (if applicable) 8;
  4. Document/proof of employment in the country of current nationality, (if applicable) 9;
  5. Fees of $ 520 as money order or cashier’s cheque (Please write “Embassy of Nepal, Washington, D;

” on your money order or cashier’s check, otherwise your application will not be processed)   SAMPLE. Note: Cash, personal cheque and credit card are not acceptable

  1. Self-addressed prepaid return envelope with tracking number, (Not Required for self pickup)

Renewal Same requirements as above with a copy of a previous NRN ID Loss/Damage Same requirements as above with a copy of the lost/damaged NRN ID and a self declaration letter declaring that the ID was lost (in case of loss only) Fees of $ 1020 as money order or cashier’s cheque (Please write “Embassy of Nepal, Washington, D. ” on your money order or cashier’s check, otherwise your application will not be processed)   SAMPLE. NEPALI NATIONALS CURRENTLY LIVING ABROAD Required Documents-New, Renewal and Loss/Damage:  

  1. A duly filled up application form. (Complete and Print NRN ID form  HERE )
  2. Nepali citizenship certificate and its copy.
  3. Nepali Passport and copy of valid passport biographic data page.
  4. Documents related to business in the current country of residence.
  5. Document/proof of employment in the current country of residence.
  6. Three recent auto size (45 mm in height and 35 mm in width ) photographs. (2. 5cm*3cm)
  7. Fees of $ 70 as money order or cashier’s cheque (Please write “Embassy of Nepal, Washington, D. ” on your money order or cashier’s check, otherwise your application will not be processed)   SAMPLE.

Note: Cash, personal cheque and credit card are not acceptable.

  1. Self-addressed prepaid return envelope with tracking number. (Not Required for self pickup)
  2. Copy of lost/damaged NRN ID, application declaring the loss or damage and police report.

Renewal Same requirements as above with a copy of the previous NRN ID Loss/Damage Same requirements as above with a copy of the lost/damaged NRN ID and a self declaration letter declaring that the ID was lost (in case of loss only) Fees of $ 140 as money order or cashier’s cheque (Please write “Embassy of Nepal, Washington, D. ” on your money order or cashier’s check, otherwise your application will not be processed)   SAMPLE. Application Procedure: Applicant must mail completed Non Resident Nepali (NRN) ID application and required documents to the Embassy’s following address. ) For further information on NRN, please refer to  Non Resident Nepali Act, 2064   and  Non Resident Nepali Regulations, 2066   Notes:

  1. Application will be returned if the required documents are not complete.
  2. Owing to the limited number of staffs, Embassy strongly encourages the applicants to contact the Embassy for their grievances/concerns by email to [email protected] org. Any consular related emails directed to the other email address of the Embassy may not be responded.

FAQ (बारम्बार सोधिने प्रश्नहरु) If you are applying from New York: Consulate General of Nepal in New York: 216 E 49th Street, 4th Floor New York, NY-10017 Email:  [email protected] gov. np Fax: 917 675 6779 Phone: 917 675 6783 Working hours:  Monday – Friday 9 am to 5 pm Consular Service: 9:30 am to 1:30 pm.

Can NRN open a bank account in Nepal?

Non Resident Nepali’ (NRN) are now allowed to open foreign currency savings accounts in commercial banks in Nepal. In addition, a company promoted by NRN will also be able to open such an account in a bank in Nepal. Nepal Rastra Bank made such arrangement by amending the Unified Directive on Monday. The NRB had made such arrangement last week while reviewing the first quarter of the current fiscal year’s monetary policy.

NRB has now implemented the provision by amending the Unified Directive. Earlier, NRNs were allowed to open only foreign currency term accounts in Nepali banks. Now, the way has been opened for them to open a savings deposit account, said Dev Kumar Dhakal, Executive Director of NRB.

He said that such arrangement has been made keeping in view the current liquidity shortage and declining foreign exchange reserves in Nepal. When opening such an account, a minimum deposit of 5,000 Dollar is required. Such deposits have to come from the banking system from abroad.

In addition, it has been arranged to pay the principal and interest through the banking system. NRNs have also been facilitated to open term deposit accounts. NRNs will now be able to open term deposits at a minimum of 5,000 Dollar.

Also, the minimum term of term deposit is limited to 1 year. Earlier, a minimum deposit of 10,000 Dollar was required when opening a term deposit in foreign currency. The minimum term deposit was 2 years. He said that such arrangement has been made with the objective of increasing foreign exchange deposits.

How much property can NRN hold in Nepal?

Who is NRN? Non- Resident Nepali (NRN) is a foreign citizen of Nepalese origin or a Nepalese citizen residing abroad. “Foreign citizen of Nepalese origin” means a person who him/herself or whose father, mother, grandfather or grandmother was a citizen of Nepal at any time and has subsequently acquired the citizenship of any other foreign country other than a member country of the South Asian Association for Regional Co-operation (SAARC).

  • Likewise, “Nepali citizen residing abroad” means a Nepali citizen who has been residing in any foreign country for at least two years by doing any profession, occupation, business and employment except a Nepalese citizen residing in a member country of SAARC or Serving in a diplomatic mission or consulate situated in a foreign country under the assignment of the government of Nepal or doing study in an academic institution situated in a foreign country;

How to get registered as NRN? A person or his/her family desirous to obtain the status of NRN should apply before the Secretary of Ministry of Foreign Affairs in Nepal or to the Chief of Mission if applying Abroad for the registration of status as NRN.

  1. Maximum 2 Ropani, in Kathmandu Valley,
  2. Maximum 8 Kattha, in Metropolitan Cities of the terai
  3. Maximum 4 Ropani, in other Metropolitan Cities other than mentioned in (a) and (b),
  4. Maximum One Bigaha, in village development committees of the terai districts other than mentioned in part (b) above; or
  5. Maximum 10 Ropani, in areas other than mentioned in (a), (b), (c) and (d) above

The application has to be submitted to Secretary of Ministry of Foreign Affairs (MoFA). It is to be noted that if any NRN or his family members have previously purchased any land and the same is not disclosed at the time of new purchase, such undisclosed land shall be rescinded from their name and transferred to Government of Nepal. What is the Procedure of Buying Land by NRN in Nepal? NRN can purchase land pursuant to the rights provided by the NRN Act and Rules to the extent of ceiling.

Then he/she shall be provided with NRN ID Card upon making necessary inquiry. What is the criteria for NRN to purchase land in Nepal? A foreign citizen of Nepali origin registered as NRN may purchase any land in any one of the region and not exceeding the area ceiling, in order to reside within Nepal for him/herself or his/her own family.

NRN Card is a mandatory requirement for such purchase. Any foreign citizen of Nepali origin, if intends to purchase the land or the other property, should submit an application mentioning the location, area and the price that has been fixed for the purpose of purchase of the land which he/she intends to purchase in his/her own or his/her family’s name.

Upon such application the Secretary of Ministry of Foreign Affairs shall give the permission to purchase, the land and other immovable property within Nepal, in the name of the applicant or his/her own family after making inquiry and ensuring that nothing has been against the Act or the Rules.

After receiving the permission, the concerned office responsible for the registration of transfer deed of the land shall make the registration of the land in the name of the foreign citizen of Nepali origin who has intended to purchase the land and other property or his/her family’s name.

The concerned land revenue office shall issue the blue colored certificate while issuing a land ownership certificate of immovable property. Can the money from selling of land be repatriated by NRN? NRN can sell land in the status similar to a Nepali Citizen, but the NRN Department of MOFA do not grant approval for repatriation of money obtained by such sale of land in Nepal.

Nepal Rastra Bank (NRB) also do not grant approval for repatriation of money obtained by selling such land in Nepal. However, such income can be used or utilized in Nepal rather than sending abroad. NRN and Inheritance If the inheritance of a foreign citizen of Nepalese origin takes place due to his/her death and he/she has any property in Nepal, such property shall be devolved to his/her legal heir/s who is/are foreign citizen of Nepalese origin having NRN identity card, and in the absence of such heir it shall be decided as provided by the prevailing law.

  1. What are the provisions for transfer of ancestral Property or Inheritance to Foreigner in Nepal? Any immovable property in Nepal can be transferred to a foreigner only upon pre-approval of the Government of Nepal;

If any foreigner obtains a partition share in or succeeds to any immovable property in Nepal, the property shall not be eligible to be transferred to or registered in his/ her name nor shall he/ she be entitled to enjoy the income of that property, except where so permitted by the Government of Nepal.

While determining the successor to a foreigner residing in Nepal when his/ her property is open for succession, the successor shall be determined according to the law of the country of his/ her nationality, if such country cannot be determined, according to the law of the country of his her habitual residence, and if even such residence cannot be ascertained, according to the law of the country where he/ she is residing for the time being.

Can NRN conduct business activity in Nepal? Previously, NRN could invest in business activity, without any limitation of amount, after having approval from MoFA. Since, they only get approval of MoFA, they could easily bring the amount through proper banking channel without prior approval of Nepal Rastra Bank (NRB).

Because of which it was difficult to repatriate the returns on investment. However, nowadays NRNs are entitled to conduct a business or run an industry as like a Nepali citizen in Nepal, which is contradictory to the provisions of Foreign Investment and Technology Transfer Act (FITTA) 2019.

FITTA states that “Foreign investor” means any foreign individual, firm, company, non-resident Nepali or foreign government or international agency or other corporate body of similar nature that makes foreign investment, and also includes, in the case of a foreign investor that is an institutional foreign investor, the ultimate beneficiary of such an institution.

So, in essence FITTA has categorized both the NRNs as well as the foreign nationals as “Foreign Investor”. Similarly NRNs or foreign company having NRNs holding over 50% of the stock of the company are eligible to make investments in Nepal for such business or industry, provided that, the total sum of investment has to be brought through proper banking channel and a source of such investment has to be disclosed.

Such NRN investors if desirous of obtaining a certificate of capital investment can obtain the same from the concerned bank through which the investment was made in a prescribed format. The NRNs are obliged to disclose the information regarding such investments to the Ministry of Foreign Affairs (MoFA).

However, FITTA 2019 has considered NRN as foreign investor. So, there is no sense that only company having NRN holding over 50% of stock of the company are eligible to make investments in Nepal for such business or industry as per the provision of the NRN Act.

How FITTA defines NRN? As per FITTA 2019 “Non-resident Nepali” means a person holding the non-resident Nepali identity card in accordance with the prevailing law relating to non-resident Nepalese. What are the forms of investment that a NRN can invest? Since, FITTA considers NRN as foreign investor, they can invest in the industry in following forms.

  1. Share investment in foreign currency
  2. Re-investment in an industry of dividends derived from foreign currency or shares
  3. Lease finance
  4. Investment made in venture capital fund
  5. Investment made in listed securities through secondary securities market
  6. Investment made by purchasing shares or assets of a company incorporated in Nepal
  7. Investment received through the banking channel after issuing securities in a foreign capital market by an industry or company incorporated in Nepal,
  8. Investment made through technology transfer
  9. Investment maintained by establishing and expanding an industry in Nepal.

Are NRNs restricted from any kind of investment in Nepal? As like the foreign nationals, the NRNs are barred from making investment in the restricted list of investment pursuant to Schedule-1 of the FITTA which consists of following industry.

  1. Poultry farming, fisheries, bee-keeping, fruits, vegetables, oil seeds, pulse seeds, milk industry and other sectors of primary agro-production
  2. Cottage and small industries
  3. Personal service business (e. hair cutting, tailoring, driving etc. )
  4. Industries manufacturing arms, ammunition, bullets and shell, gunpowder or explosives, and nuclear, biological and chemical (N. ) weapons; industries producing atomic energy and radio-active materials
  5. Real estate business (excluding construction industries), retail business, internal courier service, local catering service, moneychanger, remittance service
  6. Travel agency, guide involved in tourism, trekking and mountaineering guide, rural tourism including homestay
  7. Business of mass communication media (newspaper, radio, television and online news) and motion picture of national language
  8. Management, accounting, engineering, legal consultancy service and language training, music training, computer training
  9. Consultancy services having foreign investment of more than fifty-one percent

Can NRN make loan investment in Nepal? As per FITTA 2019, any public company incorporated in Nepal or a body corporate authorized to issue securities under the prevailing law may, with the approval of Nepal Rastra Bank (NRB) and Securities Board of Nepal (SEBON), borrow a loan or acquire foreign currency by issuing Bond, Debenture or other securities in the capital market of foreign country. However, there is no provision for loan investment by individual NRN or foreign investor under the FITTA 2019, but they can have loan investment based on the circular of the NRB. After amendment in Forex Unified Circular 2076 of NRB, the provision regarding approval of loan to a Nepali citizen, firm and organizations to conduct a new business or for the existing business from relatives residing abroad, other persons, NRN or organizations/institutions has introduced a new dimension of investment for NRN in Nepal. This provision allows a total of USD one million or INR one hundred million as the case may be as a loan amount that could be lent on following terms:

  1. The plan of using the loan and nature/type of business that the applicant is conducting or is about to conduct must be submitted to the NRB,
  2. The loan should be either interest free or at an interest rate of maximum up to One year LIBOR+0. 5%,
  3. The duration for repayment of such loan should be a minimum of 3 years,
  4. The loan should be transmitted through proper banking channel,
  5. The borrower should submit an application stating the grounds that how the loan will be repaid within the given time period,
  6. The loan can be used only in the sectors not explicitly prohibited by the prevailing laws,
  7. The Loan cannot be used in Real Estate business or for transaction of Securities.

Can NRN repatriate the return on investment? NRNs as a foreign investor can repatriate the amount of investment as well as the dividends received therefrom in convertible foreign currency. A NRN who intends to repatriate the investment and the dividends received from such investment should submit an application before the secretary of the MoFA attaching the following details and documents:

  1. Copy of permission taken for investment
  2. Decision of the board of directors of concerned company or institution regarding the repatriation of investment
  3. Copy of tax clearance certificate
  4. Audited Financials of the fiscal years, previous to the fiscal year in which application for repatriation has been made,
  5. Copy of evidence of paid off of the liability or loan of any person or agency if such loan or liability has been made,
  6. The name, branch and address of the Bank which has to be used for repatriation,
  7. Letter of affidavit, declaring that there is no any dues on any type of government revenue or loan or other liability that has to pay off to anybody in Nepal.

Upon submission of all the aforementioned details, the secretary of MoFA shall grant the permission to repatriate in convertible foreign currency the amount of investment in full or partial basis and in case of dividend the amount equivalent to such dividend at once. The NRN investors are eligible of exploiting facilities similar to those provided to foreign investors investing in convertible foreign currency in Nepal. No tax shall be levied on the capital amount at the time of investment made by a non-resident Nepali.

This provision has been of paramount significance as it doesn’t necessitate loan to be issued against securities and can be lent to an individual as well. Tax shall be levied at the rate of twenty-five percent on the taxable income of a non-resident natural person in any income year.

Advisory Notes Since FITTA has placed NRNs in the same footing as of foreign nationals, NRNs have to meet the minimum investment ceiling of NPR 50,000,000 (Nepali Rupees Fifty Million). NRNs like other foreign nationals have to go through the same procedures before and after the investments are made like obtaining prior approval from the Department of Industry (DOI), approval from Nepal Rastra Bank (NRB) before bringing the investment, bringing the investment through proper banking channel, declaration of legitimacy of source of investment, acknowledgement and recording of such investment into NRB.

Similarly, they are required to follow the same procedures for repatriation of such investments as well as the profit earned/ dividends received therefrom like obtaining prior approval of NRB. NRN Act and Rules state that NRNs can invest in Nepal as Nepali citizens.

Some provisions of FITTA and NRN Act regarding investment by NRN are contradictory to each other and has created uncertainty. However, it is recommended to all NRN investors to follow the FITTA 2019, rather than NRN Act while investing in Nepal. There seems a misconception among few NRNs that they can purchase total land as mentioned in the ceiling in all region.

  1. However, it is not clear in law about the mechanism to guide NRNs to purchase land in various regions of Nepal within the total ceiling;
  2. There is no clarity in law that how or what is the procedure for obtaining ancestral property by NRN;

Both, NRN Act and Regulations are silent on this matter. However, if we look at FITTA 2019, NRNs are considered as foreign investors or foreign nationals. This issue need to be discussed and clarified further by NRNA with GoN. There are some contradictions among FITTA, NRN Act and Civil Code which need to be settled between NRNA and GoN to increase NRN investments in Nepal.

Will Nepal ever allow dual citizenship?

Not Allowed – There are four principal ways upon which an individual may attain Nepali citizenship. Firstly, if at the time of a person’s birth, his/her father or mother is a citizen of Nepal, then such a person shall become a citizen of Nepal by descent.

Otherwise, a person, who is born before April 13, 1990, within the territory of Nepal and who is domiciled permanently in Nepal, shall be a citizen of Nepal by birth. A foreign woman, who is married to a Nepali citizen, is eligible to obtain citizenship through naturalisation upon submitting evidence of renunciation of foreign citizenship.

A person who is born in Nepal from a Nepali citizen who is married to a foreign citizen and who has permanent domicile in Nepal is eligible to obtain naturalised citizenship, provided the person does not acquire citizenship of a foreign country on the basis of citizenship of the person’s father.

  1. Furthermore, a foreign citizen, who has contributed towards the progress of science, philosophy, art, literature, world peace, human welfare or Nepali industrial, financial or social development, and has fulfilled certain conditions as prescribed, may be eligible for naturalised citizenship at the discretion of the Government of Nepal;

The Government of Nepal may also award honorary Nepalese citizenship to internationally renowned persons. Under Section 10 of the Citizenship Act, the Nepali Citizenship of a Nepali citizen who voluntarily acquires the citizenship of a foreign country, shall cease to be in effect.

  1. In addition, Section 13 of the Citizenship Act, states that a person may not acquire more than one certificate of citizenship;
  2. Article 14 of the Constitution of Nepal has a special provision applicable to Non-Resident Nepalis (“NRN”);

A NRN who has acquired citizenship of a foreign country may enjoy economic, social and cultural rights in Nepal provided that residency and descent criteria are met.

Can NRN buy shares in Nepal?

NRB Policy circular No. 39/066-67 dated 2067/01/05 has allowed non-resident Nepali to invest in the promoter’s shares of bank and financial institutions. The main terms and conditions to be fulfilled are as mentioned.

Can Nepali citizen invest abroad?

Investment in citizenship – Investment in citizenship makes it easy for Nepali citizens to obtain a second citizenship certificate. Some people think that investing in dual citizenship is not a good idea because it will put a strain on their wealth. But, there are reasons as to why this is important for people travelling as Nepali citizens.

  1. Making economic contributions to a foreign country such as the US and Saint Kitts and Nevis enable you to gain citizenship by investment;
  2. Acquiring Saint Kitts and Nevis citizenship by investment makes it easy for non-citizens such as Nepali citizens;

Saint Kitts and Nevis is an attractive location where you would love to own a second home. Apart from contributing to the development of your host nation, you would need to be an adult of 21 years. Nepali citizens are also required to invest capital that has been legally acquired if they are to invest in the US.

What are the types of citizenship in Nepal?

Who is a non resident?

Non Resident Indian is a person who is not a resident of India. An individual is deemed to be a resident, if (A) Individual has resided in India in that year for 182 days or more or (B) Having within the 4 years preceding that year been in India for 365 days or more and is in India for 60 days or more in that year.

Can NRN open a bank account in Nepal?

Non Resident Nepali’ (NRN) are now allowed to open foreign currency savings accounts in commercial banks in Nepal. In addition, a company promoted by NRN will also be able to open such an account in a bank in Nepal. Nepal Rastra Bank made such arrangement by amending the Unified Directive on Monday. The NRB had made such arrangement last week while reviewing the first quarter of the current fiscal year’s monetary policy.

  1. NRB has now implemented the provision by amending the Unified Directive;
  2. Earlier, NRNs were allowed to open only foreign currency term accounts in Nepali banks;
  3. Now, the way has been opened for them to open a savings deposit account, said Dev Kumar Dhakal, Executive Director of NRB;

He said that such arrangement has been made keeping in view the current liquidity shortage and declining foreign exchange reserves in Nepal. When opening such an account, a minimum deposit of 5,000 Dollar is required. Such deposits have to come from the banking system from abroad.

In addition, it has been arranged to pay the principal and interest through the banking system. NRNs have also been facilitated to open term deposit accounts. NRNs will now be able to open term deposits at a minimum of 5,000 Dollar.

Also, the minimum term of term deposit is limited to 1 year. Earlier, a minimum deposit of 10,000 Dollar was required when opening a term deposit in foreign currency. The minimum term deposit was 2 years. He said that such arrangement has been made with the objective of increasing foreign exchange deposits.

What is a NRN?

nrn (not comparable) (Internet slang) Abbreviation of not right now. (Internet slang) Abbreviation of no reply needed.