Skip to contentSkip to left sidebar Skip to footer

2. Definition:

Unless the subject or context otherwise provides, in this Act;
(a) “Non-resident Nepali” means a foreign citizen of Nepalese origin and this term also includes a Nepalese citizen residing abroad.

(b) “Foreign citizen of Nepalese origin” means a person who him/herself or whose father, mother grandfather or grandmother was a citizen of Nepal at any time and has subsequently acquired the citizenship of any other foreign
country other than a member country of the South Asian Association of Regional Co-operation (SAARC).

(c) “Nepali citizen residing abroad” means a Nepali citizen who has been residing in any foreign country for at least Two years by doing any profession, occupation, business and employment except a Nepalese citizen residing in a member country of SAARC or Serving in a diplomatic mission or consulate situated in a foreign country under the assignment of the government of Nepal and doing study in an academic institution situated in a foreign country

(d) “Identity card” means an identity card of Non-resident Nepali issued pursuant to Section 4.

 (e) “Investment” means an investment made for any industry or business in order to earn profit and this term also includes any act, to transfer of technology related right, specialization, formula, process, patent, trademark or technical know-how of a foreign origin, or to provide the service of foreign technical consultant or management service under an agreement to be concluded between an industry or business and Non-resident Nepali.

(f) “Family” means husband, wife, father, mother, son/ daughter, grandfather, grandmother and mother- in -law or father- in -law.

(g) “Close relative” means the relative mentioned in clause (w) of Section 2 of the Income tax Act, 2058.

(h) “Convertible foreign currency” means the convertible foreign currency pursuant to clause (1) of Section 2 of the Nepal Rastra Bank Act, 2058.

(i) “Prescribed” or “as Prescribed” means prescribed or as prescribed in Rules made under this Act.



  • Article writing is also a fun, if you be acquainted with afterward you can write or else it
    is complex to write.

  • Thank you for the good writeup. It if truth be told used to be a
    entertainment account it. Glance advanced to far
    added agreeable from you! By the way, how could we communicate?

  • hey there and thank you for your information –
    I have definitely picked up anything new from right
    here. I did however expertise a few technical points using this web site, as I experienced to reload the site many times previous to I could get it to load properly.
    I had been wondering if your hosting is OK?
    Not that I’m complaining, but slow loading instances times
    will sometimes affect your placement in google and could damage your
    high quality score if ads and marketing with Adwords. Anyway I’m adding this RSS to my email and can look out for a lot more of your respective exciting content.
    Ensure that you update this again soon.

  • I’ve been browsing online more than 3 hours today, yet I never found any interesting article
    like yours. It’s pretty worth enough for me.

    Personally, if all website owners and bloggers made good content
    as you did, the net will be a lot more useful than ever before.

  • I absolutely love your blog and find nearly all of
    your post’s to be just what I’m looking for.
    can you offer guest writers to write content available for you?
    I wouldn’t mind producing a post or elaborating on a few of the subjects you write regarding here.
    Again, awesome blog!

  • I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get bought an impatience over that you wish be delivering the following.

    unwell unquestionably come further formerly again as exactly the same nearly
    very often inside case you shield this increase.

  • Can I show my graceful appreciation and give true love to really good stuff and if you
    want to with no joke truthfully see Let me tell you a brief about how to learn SNS marketing
    I am always here for yall you know that right?

  • These Lego sets are more than just toys; they are gateways to a
    world of adventure and storytelling. There are no limits to the possibilities!

    powerful LEGO Brick kits Classic Lego sets offer endless building and creation possibilities.

    Lego’s ability to capture the essence and iconic nature of FC
    Barcelona’s stadium is amazing. Their attention to detail and authenticity is evident.

  • Lego bricks are amazing! I never imagined that one day I’d be able to create my own Mickey Mouse.
    This is pure magic. powerful lego sets to choose from It has
    become my ritual to play with Lego every day. There’s something so therapeutic about getting
    lost in the world of bricks and seeing my creations come to life.
    This guide shows the infinite possibilities of Lego.
    Lego can be used for a variety of creative projects, from
    recreating iconic stadiums like FC Barcelona’s
    Camp Nou or creating intricate stories.

Leave a comment

Your email address will not be published.