Kathmandu is the capital and the largest metropolitan city of Nepal. Kathmandu is the most important industrial and commercial centre of Nepal and the headquarters of most companies, banks and organizations in the country are located here. Nepal is in Southern Asia, between China and India. The climate varies from cool summers and severe winters in the north to subtropical summers and mild winters in the south. The official language is Nepali. English is generally understood in Kathmandu. The business community has English-speaking senior executives and a growing number of Nepali businessmen are capable of conversing in French, Spanish, German, Japanese, Mandarin and Cantonese. Professional interpreters are also available. The main religions are Hinduism and Buddhism. The economy of Nepal is reliant on external assistance. A long-standing economic agreement underpins a close relationship with India. The country receives foreign aid from India, Japan, the United Kingdom, the United States, the European Union, China, Switzerland, and Scandinavian countries. Poverty is acute; per-capita income is less than US$470. Agriculture accounts for about 40% of Nepal's GDP, services comprise 41% and industry 22%. Agriculture employs 76% of the workforce. The rate of unemployment and underemployment approaches half of the working-age population. Thus many Nepali citizens move to India in search of work; the Gulf countries and Malaysia being new sources of work. Nepalis are most hospitable and welcoming. Expatriate business dress is generally conservative. Men typically wear trousers and short-sleeved shirts, with a jacket when required. Women typically wear casual dresses or trouser outfits, but should avoid sleeveless dresses or blouses. It is important not to wear leather, or any accessories made from animals. The security risk for expatriates in Nepal is medium, but high in the South. Risks include petty crime in tourist areas, robbery, road safety, and occasional bombings particularly near the border with India. The currency of Nepal is the Nepalese Rupee (NPR). Medical facilities are generally poor outside the Kathmandu Valley and Pokhara. Medical treatment is expensive at western travellers’ clinics in Nepal. Cholera has been reported. The population of Kathmandu is 2.5 Million (Metro) (2018 est.), while the inflation rate (CPI) is 4.1% for Nepal as at May 2018. For a single Expat, the personal income tax rate in Nepal is progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Kathmandu, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Kathmandu as at 1 July 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very Low 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: High 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very Low Kathmandu is for example -11.4% cheaper than Houston TX for groceries, 7.4% more expensive for household costs than Kuala Lumpur, and -28.9% cheaper for transport costs than Dubai. The hardship premium for Kathmandu for an expat from Perth, is for example 20%, i.e. host location (Kathmandu) premium of 30% minus home (Perth) location premium of 10%. Kathmandu is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Kathmandu? Register subscribe to your home location and Kathmandu and run your personalised reports.