What do you understand by normal resident of a country?

1.	What do you understand by normal resident of a country?
Answer» A normal resident of a country is a person or institution that normally resides in a country and whose center of economic interest lies in that country. It includes the following: (i) All production units operating in the country; (ii) Nationals and the foreign nationals who stay for more than a year in the country; (iii) Nationals who have gone abroad but returned within a year; (iv) Nationals working in the foreign embassies and international institutions located in the country; (v) Students and patients of a country who have gone abroad and stay there even for more than a year.

Answer»

A normal resident of a country is a person or institution that normally resides in a country and whose center of economic interest lies in that country.

It includes the following:

(i) All production units operating in the country;

(ii) Nationals and the foreign nationals who stay for more than a year in the country;

(iii) Nationals who have gone abroad but returned within a year;

(iv) Nationals working in the foreign embassies and international institutions located in the country;

(v) Students and patients of a country who have gone abroad and stay there even for more than a year.

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