29 May 2025
Many Nepali expats in Portugal earn honest livelihoods but find it difficult to transfer their savings home without falling into legal or bureaucratic troubles. The concern of unintentionally violating foreign exchange restrictions is real, especially when the rules differ significantly between Portugal and Nepal.
If you're wondering how to send money to Nepal from Portugal safely and legally, you're in the right place. This guide will walk you through the legal channels, explain relevant regulations, and offer a secure solution for international transfers.
Understanding both Portuguese and Nepali regulations is essential to ensure your remittance does not violate any laws.
Nepal Rastra Bank (NRB) regulates all foreign exchange transactions. The bank only allows inward remittances via formal channels, such as licensed banks and remittance companies. According to NRB’s guidelines, money received must be declared, and informal methods like hundi are considered illegal and punishable under the Foreign Exchange Regulation Act, 2019.
Portugal allows legal residents to open local bank accounts and freely transfer their legally earned income abroad. However, you must ensure the funds being transferred are declared and taxed if applicable. Most banks in Portugal report large transfers (typically above €12,500) to Banco de Portugal under anti-money laundering (AML) compliance.
Using approved services like ACE Money Transfer or banks that are regulated under AML and Know Your Customer (KYC) policies is the only secure way to transfer your earnings. Any deviation—such as carrying physical cash or using unauthorised agents—could result in legal complications or confiscation of funds.
Compared to others, our service is quick, secure, and user-trusted.
ACE Money Transfer, with its 4.7 ratings on Trustpilot, is a name thousands trust worldwide.
After understanding the legal side, the next step is choosing a reliable and cost-effective service that respects compliance and ensures quick delivery.
Digital fintech platforms like ACE Money Transfer are officially authorised and follow strict compliance protocols. They verify sender and recipient identities, record each transaction, and ensure full alignment with both Portuguese and Nepali laws.
If you're planning a money transfer to Nepal from Portugal, choosing an authorised digital platform ensures your funds arrive securely and without legal risks.
Here's a quick comparison table between bank transfers and ACE Money Transfer:
Feature | Local Banks | ACE Money Transfer |
Exchange Rate | Moderate | Affordable, real-time rate |
Transfer Fee | €15–€30 | zero fee on first transfer-min €3 |
Delivery Time | 2–5 business days | Instant to 24 hours |
Convenience | Requires branch visit | Fully online, 24/7 access |
Fintech solutions like ACE eliminate hidden charges and deliver value through transparent operations.
Portugal does not restrict how much money you send abroad but does monitor large sums. Similarly, Nepal allows receiving up to €4,406 in a single transaction via remittance. Any transfer above this may require additional documentation at the recipient’s end. Knowing these thresholds ensures smooth delivery and avoids delays.
Always retain your transaction receipts, confirmation emails, and ID verifications. These documents can protect you if any issues arise with financial authorities in either country.
Sending your hard-earned money back to Nepal doesn’t need to be stressful or risky. All it takes is understanding the laws, choosing the right platform, and staying away from informal channels. Whether you're a freelancer, a student, or a full-time worker in Portugal, following legal procedures and using reliable services can save you from unnecessary hassles.
To make your online money transfer from Portugal to Nepal smooth, cost-effective, and legal, consider ACE Money Transfer.
Start using ACE today to enjoy instant transfers, low fees, and full compliance with both countries’ regulations.
Using informal channels like hundi can lead to legal penalties, confiscation of funds, and loss of remittance rights in Nepal.
Check if the provider is listed under the authorised operators on Nepal Rastra Bank's official website.
Yes, ACE Money Transfer is fully licensed and authorised by Nepal Rastra Bank for inward remittances.
Usually, you’ll need a valid ID, proof of income or bank statement, and recipient details, depending on the amount.
Yes, platforms like ACE Money Transfer allow mobile-based transfers with real-time tracking and notifications.
