Section 7: Investment may be made in Convertible Foreign Currency

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1) A non-resident Nepali or a foreign company in which a non-resident Nepali makes more than Fifty percent share investment, may invest the amount earned by him/her/it in abroad in foreign country, for any industry or business which is opened, pursuant to the prevailing law for foreign investment, or by government of Nepal upon publishing a Notification in Nepal gazette for the investment to be made by non-resident Nepali.

2) The amount to be invested by a non-resident Nepali or a company pursuant to Sub-section (1) shall be received through any commercial bank or financial institution that is licensed by the Nepal Rastra Bank (central Bank of Nepal), subject to the prevailing law for financial transactions.

3) The source of money received pursuant to sub-section (2) shall be disclosed in a condition as provided by law.

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Section 7: Investment may be made in Convertible Foreign Currency

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