Posted by: meraj December 18, 2016
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I will answer as much as I can, may be some are incomplete and some may be little off.
1. You don't have to drop us citizenship. I know there are some us citizens living in Nepal for long time. But I don't under immigration status they live there . New constitution provide nrn citizenship , so you do have constitutional right . But since laws are not there yet , so have to play by what is there, but if it comes to point remember you have constitutional right.
2. Dual citizenship is that they called and is provisioned in new constitution but no laws . If you google new constitution and read citizenship section there is provision for men citizenship. It's striped down version of regular citizenship
3. Not usually but 5% is not from top tier banks . And being honest, I think you will be still loosing money with 5% interest in Nepal considering inflation and devaluation of currency against dollars . And remember one more thing , there isn't easy way to bring money back from Nepal if u ever came back. So do some home work around it.
4. Not sure about taxes but I have read similar to you wrote in expat forums. Expat forum will be good source for tax related to info.
5. I think you can have proper upto limit, cash I don't see problem but remember about bringing it back , you may have to do some homework around that.
6. Social security you will get as long as u have some us address , you come to do paper after that it's direct deposit so u should be fine. May be you have to come on and off to maintain . Again check expat forums for details . Medicare no not covered outside of US.
My question to you, how much you considered livable yearly expense for this purpose, did you considered kids education?
And if I would take similar path I will put investment and money in US and transfer return to Nepal for living expense . Nepal and our culture is too money centric and things/laws gets complex when people see money. If you are hippy who have nothing in Nepal in terms of money and property...it's lot easier to deal legal/regulatory complexities. Ignore typos typing from phone
1. You don't have to drop us citizenship. I know there are some us citizens living in Nepal for long time. But I don't under immigration status they live there . New constitution provide nrn citizenship , so you do have constitutional right . But since laws are not there yet , so have to play by what is there, but if it comes to point remember you have constitutional right.
2. Dual citizenship is that they called and is provisioned in new constitution but no laws . If you google new constitution and read citizenship section there is provision for men citizenship. It's striped down version of regular citizenship
3. Not usually but 5% is not from top tier banks . And being honest, I think you will be still loosing money with 5% interest in Nepal considering inflation and devaluation of currency against dollars . And remember one more thing , there isn't easy way to bring money back from Nepal if u ever came back. So do some home work around it.
4. Not sure about taxes but I have read similar to you wrote in expat forums. Expat forum will be good source for tax related to info.
5. I think you can have proper upto limit, cash I don't see problem but remember about bringing it back , you may have to do some homework around that.
6. Social security you will get as long as u have some us address , you come to do paper after that it's direct deposit so u should be fine. May be you have to come on and off to maintain . Again check expat forums for details . Medicare no not covered outside of US.
My question to you, how much you considered livable yearly expense for this purpose, did you considered kids education?
And if I would take similar path I will put investment and money in US and transfer return to Nepal for living expense . Nepal and our culture is too money centric and things/laws gets complex when people see money. If you are hippy who have nothing in Nepal in terms of money and property...it's lot easier to deal legal/regulatory complexities. Ignore typos typing from phone