Total Area: 147,181 km²
GDP (in million USD): 15,108
Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. Nepal is home to the world's tallest mountain, Mt. Everest.
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.
Rental Income earned by nonresidents is subject to 25% withholding tax. Capital gains realized from selling real property are considered ordinary income and taxed at the standard income tax rate. There are no inheritance taxes in Nepal. Residents are taxed on their worldwide income at progressive rates, from 15% to 25%.