Nondomiciled

Nondomiciled refers to a person or entity that is not domiciled in a particular country. Domicile is a legal term that refers to the place where a person or entity is considered to be permanently settled and has a permanent home. Being nondomiciled means that the person or entity does not have a permanent home or residence in that country. This status can have significant implications for taxation, legal jurisdiction, and other legal matters. For individuals, being nondomiciled can affect their tax obligations and residency status in a country. For entities, being nondomiciled can impact their legal structure and operational requirements. The determination of whether a person or entity is domiciled in a country is typically based on factors such as residence, citizenship, and the place of incorporation or registration.