(1) The residential visa shall be granted to the following foreigners who intend
to spend life in Nepal, and their family members:
(a) Persons who are of international reputation;
(b) Persons who are capable of rendering outstanding contribution to the
economic, social and cultural development of Nepal;
(c)
? …………
(d) Persons who make an investment of a minimum of One Hundred Thousand US dollars or convertible foreign currency equivalent thereto in an industrial enterprise of Nepal at a time;
(e) A foreigner who intends to spend life in Nepal without carrying on any business.
(2) A mission which makes a recommendation for the residential visa to a foreigner as referred to in Clauses other than Clause (d) of Sub-rule (1) shall forward a recommendation along with the application filled up by
such foreigner to the Department through the Ministry of Foreign Affairs.  (3) A foreigner who intends to obtain a residential visa under Clause (e) of Sub-rule (1) shall have to submit a document proving the source that he or
she shall make a lump sum annual expenditure of Twenty Thousand US dollars or convertible foreign currency equivalent thereto in Nepal, and a foreigner who intends to get the visa renewed shall have to submit an
evidence showing that he or she has spent the said amount in lump sum or at several times, along with the said document.
(4) A foreigner who intends to obtain the residential visa shall have to submit an application, in a format as referred to in Schedule-4, to the Department  or the concerned mission.
(5) The format of the residential visa shall be as referred to in Schedule 4(a).