foreign financial institution definition

foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

foreign financial institution. (FFI) means any non-US financial entity that: (i) accepts deposits in the ordinary course of business or other similar services, (ii) holds as a substantial part of its business (more than 20%) , financial assets for others; (iii) is an insurer (or a holding company of a group that includes an insurer) in the life business that has cash value policies or lifetime annuities; or (iv) meets the following requirements:

foreign financial institution means foreign credit institutions and foreign financial enterprises;

Examples of foreign financial institution in a sentence

• If you are a Foreign Financial Institution (“FFI”) as that term is defined pursuant to FATCA (as defined below) (including a U.S. branch of a non-U.S. bank), you represent that you are not, and have not been identified by the U.S. Internal Revenue Service (“IRS”) as, a nonparticipating FFI as that term is defined pursuant to FATCA.

• Client acknowledges that KGI Asia has registered with U.S. Department of the Treasury, Internal Revenue Service (“IRS”) as a Foreign Financial Institution (“FFI”) and, as such, KGI Asia is subject to the terms of an agreement with the IRS concerning the maintenance of KGI Asia’s status as an FFI (the “FFIA”).

• The type of non-US financial institution described at item (i) above is a Registered Deemed-Compliant Non-US Financial Institution (also known as a Registered Deemed-Compliant Foreign Financial Institution or Registered Deemed-Compliant FFI).

• The type of non-US financial institution described at item (ii) above is a Certified Deemed-Compliant Non-US Financial Institution (also known as a Certified Deemed-Compliant Foreign Financial Institution or Certified Deemed-Compliant FFI).

• If you are a Foreign Financial Institution (‘FFI’), please tick one of the below categories and please provide the entity’s GIIN I.

More Definitions of foreign financial institution

foreign financial institution means a financial institution which is incorporated under the laws of a country outside of the Currency Union;

foreign financial institution or “FFI” means a foreign entity (as defined in §1.1473-1(e)) that is a financial institution.

foreign financial institution means a financial institution established under the laws of a country other than Seychelles;

foreign financial institution means a financial institution incorporated in a jurisdiction other than Trinidad and Tobago which is authorized to carry on banking business or business of a financial nature in Trinidad and Tobago;

foreign financial institution means a bank or financial institution (i) registered in Book I (Libro I), Section 1 (Sección 1) of the Foreign Banks, Financial Entities, Pension and Retirement Funds and Investment Funds Registry (Registro de Bancos, Entidades de Financiamiento, Fondos de Pensiones y Jubilaciones y Fondos de Inversión del Extranjero) maintained by Hacienda for purposes of Rule II.3.13.1 of the Resolución Miscelánea Fiscal for the year 2009 and Article 195-I of the Ley del Impuesto Sobre la Renta (or any successor provisions thereof), (ii) which is a resident (or, if such entity is lending through a branch or agency, the principal office of which is a resident) for tax purposes in a jurisdiction with which Mexico has entered into a treaty for the avoidance of double-taxation which is in effect, and (iii) which is the effective beneficiary (beneficiario efectivo) of any interest paid hereunder or under the Note.

foreign financial institution means a financial, organized abroad and doing business in Liberia, whether such business be banking or other business;

foreign financial institution or “FFI” has the meaning set forth in §1.1471-1(b)(47).