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.
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%.