Posted by: John Lennon November 29, 2009
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Here are the things regarding the right to own properties in Nepal.
According to the present law, Only Nepali Citizen can own a real estate property in Nepal unless, as Executioner says, you have a special business or other special category visas. So generally a foriegn National can not own a real estate property in Nepal. Since Nepal do not have dual citizenship, as soon as you become American or other countries' citizen, you loose Nepali citizenship, and hence you become a Foreign National as well.
Having said that, if you go to Nepal and you want to do the closing of a real estate in Malpot Office, all they require is to submit a Nagarikta. Since Nepal do not have any "organized system" and relaxed attitudes of bureaucrats, an attitude of "lets just finish the work", you very well can take advantage of this system and do buy and sell of properties ( I am guessing that you still keep your Nagarikta). But rememeber you are taking risks of getting caught since these transactions are purely illegal. Once you come under the radar (like some one here mentioned if someone complained), you might loose everything or could be jailed for "imposing as a Nepali citizen and falsifying to a government officer" since you are not a Nepali Citizen anymore. I hope this helps your question.
And oh by the way Upendra Mahato is still a Nepali Citizen and Nepal has promised to give NRN's 10 years ID, which allows us to come and go in Nepal anytime without visa requirements and possible owning property rights as well, but these are under construction in new Constitution. And for those people who are doing thast "tricks" of going through India, GOOD LUCK. Hope you know the consiquences if you are caught, these are not a Joking Matters. JL.
According to the present law, Only Nepali Citizen can own a real estate property in Nepal unless, as Executioner says, you have a special business or other special category visas. So generally a foriegn National can not own a real estate property in Nepal. Since Nepal do not have dual citizenship, as soon as you become American or other countries' citizen, you loose Nepali citizenship, and hence you become a Foreign National as well.
Having said that, if you go to Nepal and you want to do the closing of a real estate in Malpot Office, all they require is to submit a Nagarikta. Since Nepal do not have any "organized system" and relaxed attitudes of bureaucrats, an attitude of "lets just finish the work", you very well can take advantage of this system and do buy and sell of properties ( I am guessing that you still keep your Nagarikta). But rememeber you are taking risks of getting caught since these transactions are purely illegal. Once you come under the radar (like some one here mentioned if someone complained), you might loose everything or could be jailed for "imposing as a Nepali citizen and falsifying to a government officer" since you are not a Nepali Citizen anymore. I hope this helps your question.
And oh by the way Upendra Mahato is still a Nepali Citizen and Nepal has promised to give NRN's 10 years ID, which allows us to come and go in Nepal anytime without visa requirements and possible owning property rights as well, but these are under construction in new Constitution. And for those people who are doing thast "tricks" of going through India, GOOD LUCK. Hope you know the consiquences if you are caught, these are not a Joking Matters. JL.
Last edited: 29-Nov-09 11:25 AM
Last edited: 29-Nov-09 11:27 AM