Kathmandu. The Department of Land Management and Archive has urged firms, companies and organizations willing to carry out real estate transactions in metropolitan cities and sub-metropolis areas to apply online within 21 days.

According to a notice published in the gazette of the Government of Nepal, firms, companies or organizations wishing to carry out real estate transactions worth more than three crore rupees at a time in metropolitan cities and sub-metropolitan areas must obtain a license. According to the notice, interested organizations and companies have to apply through the online system of the Department.

According to the department, the fee for obtaining the license has also been determined according to the nature of the transaction. Firms, companies or organizations having a turnover of up to Rs 50 million will have to pay Rs five lakh, while those doing business of more than Rs five crore will have to pay Rs 1 million.

The Department has clarified that the firms, companies and organizations that have not obtained the license by Ashad end of 2083 BS should also apply online again as per the new notice.

Along with the online application, a copy of the submitted documents should be printed and submitted to the department. In addition, after registering the application, the board members of the concerned company or organization should also submit a letter stating that they are not involved in criminal activities based on the records of the Central Crime Information Archive of Nepal Police.

The department has also requested to contact the department if you need more information regarding the license.