PRC Resident definition

PRC Resident has the meaning as set forth in Circular 75.
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PRC Resident means any “PRC resident legal person” and “PRC resident individual” as defined under relevant SAFE rules and regulations.
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PRC Resident shall have the meaning as set forth in SAFE Circular 75.
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Examples of PRC Resident in a sentence

  • However, the PRC Resident shall undertake all the agency fees thereof.

  • The PRC Resident may have the foreign exchange related issues handled by a domestic agency selected by a PRC Subsidiary, if applicable.

  • The PRC Resident shall indemnify the Company and any of its Related Entities in the event that any such PRC Resident is penalized by SAFE as a result of such PRC Resident’s failure to comply with any applicable rules and regulations then in effect.

  • The PRC Resident may have the foreign exchange related issues handled by a domestic agency selected by a PRC Group Company, if applicable.

  • However, the PRC Resident will undertake all the agency fees thereof.

  • The PRC Resident will indemnify the Company and any of its Affiliates in the event that any such Person is penalized by SAFE as a result of such PRC Resident’s failure to comply with any applicable Laws then in effect.

  • The Group Companies shall urge each of the Founders and any other direct or indirect holders of the Ordinary Shares of the Company who is a PRC Resident to perform the covenants in accordance with this Section 7.9. None of the Group Companies and the Founders shall do any foreign exchanges activities unless the applicable SAFE Rules and Regulations are fully complied with.

  • For greater clarity, the Service Recipient is not obligated to complete the registration and the procedure as required by SAFE for any Holder who is a PRC Resident.

  • Except as disclosed in Section 2.27 of the Disclosure Schedule, each Person who directly or indirectly holds any shares of the Company as of the Closing and who is a PRC Resident has complied with the registration and any other requirements of Circular 75, including requirement to amend and update such registration to reflect any change in the information contained in the previous Circular 75 registration documents.

  • Any PRC Resident, who is granted an Award under this Plan, shall duly complete the registration and the procedure as required by SAFE, including but not limited to the SAFE 37 Registration as required for PRC Residents to own shares of any overseas non-listed company according to the SAFE Registration Regulation prior to the delivery of the Exercise Notice.


More Definitions of PRC Resident

PRC Resident has the meaning ascribed to it in the SAFE Rules, which is an individual who holds a resident identity card, a passport or other lawful identity certificate of the PRC, or an individual who has no legal identity of the PRC but habitually resides inside the PRC due to reasons of economic interests.
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PRC Resident has the meaning given to it in Circular 75 and in the Implementation Rules 106 issued on 29 May 2007 by the State Administration of Foreign Exchange of the PRC; and
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PRC Resident means a Chinese person within the meaning of paragraph 3 of Article 1 of the SAFE Circular 37 (i.e., a citizen of Mainland China, including a person who habitually resides in Mainland China, even if such individual does not have any lawful identity document in Mainland China).
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PRC Resident is a PRC resident legal person or PRC resident individual as defined under SAFE Circular 75;
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Related to PRC Resident

  • Non-Resident means in the case of an individual, one who maintains a place of abode outside Hong Kong; and in the case of a corporation, one which is not incorporated in Hong Kong.

  • Resident means a person who has maintained his permanent home in the above defined geographical area for a period of not less than one year or who, having had a permanent home in this area, has temporarily left with the intention of returning to this area as his permanent home.

  • Non-Residents means: (i) non-residents of Canada; (ii) partnerships that are not Canadian partnerships; or (iii) a combination of non-residents and such partnerships (all within the meaning of the Tax Act).

  • Local Resident a local resident is a local member who has resided within eighty (80) kilometres of a project, but outside the cities of Regina and Saskatoon, for at least six (6) months immediately preceding the date of hire. LOCAL UNION OR UNION - means the International Union of Operating Engineers, Hoisting, Portable and Stationary, Local 870.

  • OHIO RESIDENTS The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

  • permanent resident means a natural person whose residence in a Party is not limited as to time under its law;

  • Canadian Resident means a resident of Canada for purposes of the ITA and includes a partnership any member of which is a resident of Canada for purposes of the ITA;

  • Citizen means a person who, if an individual, was born or naturalized as a citizen of the United States or, if other than an individual, meets the require- ments of section 905(c) of the Act and section 2 of the Shipping Act, 1916, as amended (46 U.S.C. 802).

  • Director of Finance means the Chief Financial Officer of the Trust.

  • Residential Development means lands, buildings or structures developed or to be developed for residential use;

  • nominee company means a corporate body registered or having an established place of business in England and Wales which holds title to property for another;

  • PRC means the People’s Republic of China, but solely for the purposes of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.

  • person resident outside India means a person who is not resident in India;

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.