Who is NRN?
The term ‘Non Resident Nepali’ (NRN) defined by the law made by the Parliament of the Nepal. This term is used to indicate two types of People. It is used for persons of Nepali origin holding citizenship of countries other than member states of South Asian Association for Regional Cooperation (SAARC) and Nepali nationals residing outside of SAARC member states.
Why was NRNA established?
The Non Resident Nepali Association (NRNA) was established to unite the Nepali Diaspora; utilise their knowledge, skills, resources in the interest of Nepal and involve them in the socio-economic development of Nepal and the Nepali people.
How was NRNA Established?
The idea of establishing a global Nepali organization (NRNA) was conceptualized by Nepalese living in Russia in 2002, later to globalize and materialize the idea, a few Nepali community leaders residing in various countries of the world met in London, in 2003 and decided to form a Coordination Committee to unite the Nepali diaspora. They also discussed the possibility of organising an international conference of NRNs in Nepal. The idea quickly got the support of the Government of Nepal and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). This led to the joint organisation of First Non-Resident Nepali Conference on 11-14 October 2003. The assembled NRN delegates of that conference decided to join their hands together to organise NRNA as a common forum of NRNs.
When was NRNA Established?
The date of inauguration of the First NRN Global Conference, i e., 11th October 2003 is considered to be the establishment date of NRNA. 11th October is also declared as NRN day by Nepal Government. The formal registration of NRNA by the Government of Nepal was on 20 October 2013.
What is an NRN Card?
NRN Card is an identity card issued to a Non-Resident Nepali by the Government of Nepal. NRNcard entitles card holder various benefits as listed in the NRN Act and bylaws. It is issued to those who approach the concerned government body.
Which agency issues the NRN Card?
The NRN card is issued by the Ministry of Foreign Affairs in Kathmandu(+977014200182). Outside of Nepal, the NRN cards are issued by the Nepali Embassies and Missions.
What are privileges of having NRN Card?
Identity of the status of the person as NRN
Free Visa to enter and stay in Nepal (for persons having citizenship of countries other than SAARC Countries)
Right to open a bank account in convertible foreign currency
Eligibility to make investment in convertible foreign currency
Provision to repatriate proceeds of the investment out of Nepal in convertible Foreign currency if investment made in the same currency
Purchase and sale of land (area as referred in NRNA bylaws) to limited extent Inheritance of ancestral property and ownership of that property in Nepal
Tax Exemption on initial capital of investment
Certificate of Investment Tax Exemption on upto NPR15 Lakhs remittance to close relatives of NRN in one fiscal year for personal expenses
Tax exemption on the remitted funds via formal banking channel for the Social, Political, Cultural, Religious, Charity, Sports and Disaster Relief Projects
Rights to establish Industry and Business and enjoy investment facilities as enjoyed by Foreigners
What is the process of obtaining NRN Card?
The NRNs willing to obtain NRN Card have to register their names by providing their detailed information as prescribed in the format stated in NRN Bylaws 2009 (2066) and put forward the application to Nepal Government – Ministry of Foreign Affairs, Kathmandu or Nepal Embassy and Mission offices abroad.