1. The following foreigners and their family intending to spend life in Nepal shall be granted the residential visa:

    1. Persons with international reputation,

    2. Persons capable of rendering outstanding contribution to the economic, social and cultural growth of Nepal ,

    3. Person, who has invested minimum one hundred thousand US dollars or convertible foreign currency equivalent thereto in industrial enterprise of Nepal at once.

    4. Any foreigner intending to spend life in Nepal without carrying on any business.

2. The mission recommending for residential visa to the foreigner as mentioned in other clauses save the foreigner as mentioned in clause (d) of sub-rule (1) shall send the recommendation along with the application filled up by such foreigner to the Department through the Ministry of Foreign Affairs.

3. Any foreigner intending to obtain the residential visa under clause (e) of sub rule (1) has to submit a certified document of the source of income of 20 thousand American Dollars or convertible foreign currency to be spent in Nepal and any foreigner intending to renew has to submit a certificate showing that he will spend or has spent in Nepal at least the same amount at one time or at several times per year.

4. Any foreigner intending to obtain the residential visa has to submit to the Department or the concerned mission an application in the format as referred to in Appendix 4.

5. The format of the residential visa shall be as referred to in Appendix 4 (a).