Excepted territory NFFE


The entity is organized in a possession of the United States;

• The entity:

  • Does not accept deposits in the ordinary course of a banking or similar business,
  • Does not hold, as a substantial portion of its business, financial assets for the account of others, or
  • Is not an insurance company (or the holding company of an insurance company) that issues or is obligated to make payments with respect to a financial account; and
  • All of the owners of the entity are bona fide residents of the possession in which the NFFE is organized or incorporated.

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