Nepal Flag

Nepal: Overview

In Depth

Find Property

Directory

Global Statistics

Regional Statistics


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: Dec 18, 2008

Income taxes are moderate to high in Nepal

Rental Income: Rental income earned by non-residents 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  »

 


RESIDENTIAL PROPERTY FACTS
Price (sq.m): n.a. Rental Yield: n.a.
Rent/month: n.a. 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: n.a. Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation.
Landlord & Tenant Law: n.a. Rating is based on a detailed study of each country’s law and practice.
APRIL 2007
JANUARY 2007

Real estate news »   News archive »

Subscribe to our Newsletter!

Enter your email address to sign up.