12 May 2025
Living and working in Austria is a big opportunity for Nepali expats. Many of them dream of investing their hard-earned money back home, especially in real estate. However, turning your foreign income into a legal stream that banks in Nepal recognise for property loans isn’t as straightforward as it seems.
That’s where this guide helps. Here, you’ll learn the exact steps you need to follow to make your income from Austria count legally in Nepal.
Legalising your Austrian income in Nepal is a must if you want to qualify for formal financial services like home loans. Nepali banks and financial institutions require income documents that are verifiable and recognised under Nepal Rastra Bank (NRB) guidelines.
Without a legal income trail, banks consider your earnings unofficial. This makes you ineligible for mortgages or other credit facilities. Legalisation also helps you stay compliant with Nepal’s anti-money laundering regulations and protect your long-term investments.
Nepal Rastra Bank (NRB), the central bank of Nepal, requires that all foreign income used for investment or loan application be received through legal and traceable banking channels. This includes remittance companies approved by NRB.
According to NRB’s Unified Directive, income earned abroad must be remitted via formal methods, such as licensed money transfer operators or direct bank transfers, to be considered legal and valid for loan approvals.
To prove your income from Austria, Nepali expats must collect the following documents for submission in Nepal:
These documents form the basis of your income proof and help Nepali banks verify the legitimacy of your earnings.
Using legal money transfer services ensures that your remittances are officially recognised. Many Nepali expats rely on informal channels, which may offer favourable exchange rates but put your funds at risk of being unrecognised by banks.
To stay on the safe side, use licensed and NRB-approved services like ACE Money Transfer, which ensures a transparent trail of your income. This also increases your eligibility when applying for property loans in Nepal.
ACE Money Transfer offers a secure platform for online money transfer from Austria to Nepal with competitive exchange rates, fast delivery, and low fees.
Absolutely. When you use formal remittance channels, your income gets recorded in the Nepal financial system. This record becomes your biggest asset while applying for home loans, as banks rely heavily on your creditworthiness and income stability.
Moreover, financial institutions in Nepal now offer expat-focused loan products to attract more investment. These products are only accessible to individuals who can prove legal, consistent income from abroad.
International students in Austria on part-time jobs can legalise their income too, although the amount may be smaller. If you have long-term plans to invest in Nepal, you should still use legal remittance services to build a verifiable income history.
Even part-time or freelance earnings become credible when transferred through an authorised platform. This can help you qualify for future loan facilities or help your family members financially in legal ways.
The remittance receipt works like an official stamp on your foreign income. It proves that your money entered Nepal through a recognised channel.
Banks and real estate developers in Nepal may ask for up to one year’s worth of remittance receipts when reviewing your mortgage application. That’s why every time you send money, make sure to download and store the receipt.
If you're using ACE Money Transfer, these receipts are easy to access via your account dashboard anytime.
Yes, you can buy joint property in Nepal using legally transferred remittances. If you’re co-investing with family members, ensure that both parties' income sources are documented. Also, include all names in the land registration and loan application process.
Legal remittance receipts from both contributors will strengthen your application and validate your investment source under Nepal’s property laws.
Using informal channels like hundi might seem convenient, but it can have long-term consequences. Money sent via these channels is not recognised by NRB and therefore cannot be used as proof of income.
You might also face legal troubles if the source of funds is questioned during property registration or loan approval. Banks may reject your loan, and you’ll have limited legal protection over your property purchase.
Yes, it’s now easier than ever to send money to Nepal online from Austria using secure and licensed platforms. Online remittance options like ACE Money Transfer allow you to send funds 24/7 from the comfort of your home.
The benefits of sending online include:
ACE Money Transfer is an NRB-approved and FCA-regulated service with 4.8+ ratings on Trustpilot, which makes it a trusted choice among Nepali expats.
Many banks in Nepal accept foreign income when applying for a property loan. These include:
However, they all require that the income is routed through legal channels and supported with valid documents. Some banks have dedicated expat loan programs with flexible terms, depending on your remittance history.
Always check the specific requirements of your chosen bank or consult with a banking representative in Nepal before applying.
For Nepali expats and international students in Austria, legalising your income isn’t just a paperwork task—it’s the foundation of your future investments in Nepal. By following legal guidelines, using authorised channels like ACE Money Transfer, and maintaining proper documentation, you secure your financial journey.
Whether you're planning to buy your first home or support your family with remittances, make sure your income tells the right story in Nepal. Start with trust, and make every transaction count by choosing secure ways to money transfer to Nepal from Austria.
Only those remittances sent via licensed money transfer services or banks regulated by NRB are considered legal.
Yes, as long as your income is well-documented, taxed, and transferred through legal channels, self-employment income is acceptable.
Most transfers are delivered instantly or within a few hours, depending on the payout method chosen.
Yes, but ensure all providers are NRB-approved and you keep all receipts and documentation aligned.
It is recommended to provide certified translations if your documents are in German, especially when submitting to banks or government departments.
