Sending Funds Abroad Through Unauthorized Payments Is Prohibited

Any resident of Nepal is prohibited from investing overseas as per Section 10A of the Foreign Exchange (Regulation) Act, 2019, and from sending funds abroad by any means other than those authorized by Nepal Rastra Bank.

Additionally, anyone who engages in capital transactions of a capital nature, including those who invest in foreign nations in any way, including the purchase of foreign houses and land, the purchase of securities, the purchase of property, deposits in foreign banks and financial institutions are prohibited to do so.

In accordance with the authority granted by Section 12 of the Foreign Exchange (Regulation) Act, 2019, the Foreign Exchange Management Department has informed that if such an act is discovered to have been performed, action will be taken according to the prevailing law.