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Nepal: Overview


Picturesque but strife-torn
Nepal (pop. 24,055,000; GDP/cap US$256), home to the world’s tallest mountain, Mt. Everest, is among the poorest and least developed countries in the world. Annual per capita income is only US$240. Infant mortality rates are among the highest in the region.

Nepal's population of 25 million is growing at 2.3 percent per year, and the ratio of population to arable land is one of the highest in the world. The Maoist insurgency remains strong, civil unrest is growing, and the people endure unexplained disappearances, abductions, and other human rights violations.

Foreigners can buy through a company
All real estate transactions are subject to controls. Foreign investors are permitted to acquire real estate in the name of the business entity they own, but are not allowed to acquire real estate as personal property. Foreign investors constantly complain about complex and opaque government procedures.




TAXES AND COSTS
Last Updated: Apr 28, 2014



Rental Income: Rental income earned by nonresidents is subject to 25% withholding tax.

Capital Gains: Capital gains realized from selling real property are considered ordinary income and taxed at the standard income tax rate.

Inheritance: There are no inheritance taxes in Nepal.

Residents: Residents are taxed on their worldwide income at progressive rates, from 15% to 25%.

Read Taxes and Costs  »



BUYING GUIDE
Last Updated: Nov 20, 2013



Total transaction costs for buying property is around 4.51%. Registration fee is levied at a flat rate of 4.5% on the property value.

Read Buying Guide  »









RESIDENTIAL PROPERTY FACTS
Price (sq.m): n.a. For a 120 sq. m. property, usually an apartment.
Rental Yield: n.a. For a 120 sq. m. property, usually an apartment.
Rent/month: n.a. For a 120 sq. m. property.
Income Tax: n.a. Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income.
Roundtrip Cost: n.a. The total cost of buying and then reselling an apartment. Includes:

* all transaction taxes and charges:
* lawyers' and notaries' fees
* agents' fees

Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000.
Cap Gains Tax: 25.00% Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation.
Landlord and Tenant Law: Neutral Rating is based on a detailed study of each country’s law and practice.




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