Anyone?

Altijdgoede · May 28, 2016 4:40 AM

If you apply for and NRN ID card, Visa Not Required Allowed to acquire up to 2 Ropani’s of land in Kathmandu Allowed to invest in Nepal Allowed to acquire up to 8 Kattha of land in Tarai Nagarpalika Allowed to acquire up to 26 ropanis of land in the Pahad region

ny2 · May 28, 2016 9:00 AM

You don't need to apply for stinky-winky NRN card. As long as you don't go around being a pretentious prick by flashing your passport, you can continue enjoying all the benefits as an 'authentic' Nepali citizen by using your Nepali citizenship. The new constitution has a provision that allows you to apply for 'new' one meant for non-resident Nepalis. By using the new citizenship, you can enjoy all the rights as a Nepali citizen except be involved in Nepali politics. The catch - you'll need to give up on your old one. By law, you're supposed to abandon your original Nepali citizenship right after you've acquired a foreign country's citizenship. I'm yet to meet someone that's submitted their Nepali citizenship, though.

Sherlock · May 28, 2016 6:08 PM

Ok. Thanks for your replies. With all that said, is it a established rule and somebody could actually purchase a property now? I know for a long time these were all proposals, and government had agreed too but it had not passed as a bill. From anyone who has purchased recently? What was your experience?

Altijdgoede · May 28, 2016 6:28 PM

I bought a piece of land last year and I own a business in Nepal - both using my Nepali citizenship. Don't be a pretentious hipster and dwell on unnecessary riddles, man. Do your thing and keep it to yourself.

Sherlock · May 28, 2016 8:01 PM

Sherlock et al., I am certainly not planning to be pretentious. LOL. Thanks all for the reply anyway. I am trying to understand if the rule is fully established, and if any additional tax is charged. With that said, I am not going to use my Nepali citizenship. It's not because I don't get to impress other people, rather because everyone has some hater(s). I share this so others can see what could happen. I know of a guy who lives in Australia. He bought a couple crores worth of property. I guess he didn't have this NRN provision at that time. But instead of giving the title to some family members, he registered the property under his name. Something happened. Someone reported. He has been coming to Nepal for the last three years almost every other month to go through the convoluted legal process in an effort to save his investment. Now I hear that he is ready to give up since his frequent trips (fare and lost time) are costing him more. Think about the agony he has been going through. So of course it's up to you and your circumstances. But I recommend not taking this risk. Be it in a family member's name, but it's not worth it under your own. All you need is one jack---.

Altijdgoede · May 29, 2016 8:26 PM

Good call. Times have changed these days and Nepalese market is more open and lenient towards foreigners of Nepali origin.

Sherlock · May 29, 2016 9:10 PM

If i remember reading right, the NRN rules say u can only own property worth certain amount.. its about $100,000.. i cant remember the exact number but its not that much.. so its almost useless for KTM.. most houses with land in KTM cost very expensive.

mojaboy · May 29, 2016 9:14 PM