Active NFFE. An “Active NFFE” means any NFFE that meets any of the following criteria:
Active NFFE. In the case of a reporting Model 2 FFI, “active NFFE” means an active NFFE as defined in the applicable Model 2 IGA.
Active NFFE. An Active NFFE is defined as any NFFE that meets ONE of the following criteria: • Less than 50 per cent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 per cent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income. • The stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity, the stock of which is traded on an established securities market. See Section 15.B.4.2. for how this should be applied under the Agreement. • The NFFE is organised in a US Territory and all of the owners of the payee are bona fide residents of that US Territory. The definition of US Territory is set out at Article 1(1)
Active NFFE. An “Active NFFE” means any NFFE that meets any of the following criteria: Less than 50 percent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 percent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; The stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity the stock of which is traded on an established securities market; The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory; The NFFE is a non-U.S. government, a government of a U.S. Territory, an international organization, a non-U.S. central bank of issue, or an Entity wholly owned by one or more of the foregoing; Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, and providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution; provided, that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE; The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution; The NFFE primarily engages in financing and hedging transactions with or for Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or The NFF...
Active NFFE. Complete Part XXV. 0 Owner-documented FFI. Complete Part X. 0 Passive NFFE. Complete Part XXVI. 0 Restricted distributor. Complete Part XI. 0 Excepted inter-affiliate FFI. Complete Part XXVIi. 0 Direct reporting NFFE. 0 Sponsored direct reporting NFFE. Complete Part XXVill. Permanent residence address (street, apt. or suite no., or rural route). Do not use a P.O. box or in-care-of address (other than a registered address). City or town, state or province. Include postal code where appropriate. Country Mailing address (if different from above) City or town, state or province. Include postal code where appropriate. Country U.S. taxpayer identification number (TIN), if required 9a 0 GilN b 0 Foreign TiN 10 Reference number(s) (see instructions) Note. Please complete remainder of the form including signing the form in Part XXiX. For Paperwork Reduction Act Notice, see separate instructions. Cat. Xx. 00000X Xxxx X-0XXX-X (2-2014)
Active NFFE. Complete Part XXV. Certified deemed-compliant FFI with only low-value accounts. Complete Part XIII. Passive NFFE. Complete Part XXVI. Certified deemed-compliant sponsored, closely held investment Direct reporting NFFE. vehicle. Complete Part XIV. Sponsored direct reporting NFFE. Complete Part XXVII. Certified deemed-compliant limited life debt investment entity. Complete Part XV. 6 Permanent residence address (street, apt. or suite no., or rural route). Do not use a P.O. box or in-care-of address (other than a registered address). City or town, state or province. Include postal code where appropriate. Country
Active NFFE
