What is nonresident in SAP FS-LOC-RU - Localization of Banking in Russia?

SAP Term: nonresident

• Component: FS-LOC-RU

• Component Name: Localization of Banking in Russia

• Description: A nonresident person is a person who is not a Russian citizen. A nonresident legal entity is a legal entity that was created in a country other than Russia.

Smart SAP Assistant

• Key Concepts: 
  Nonresident is a term used in the FS-LOC-RU Localization of Banking in Russia component of SAP software. It refers to a customer or business that is not registered in the country where the banking services are being provided. Nonresidents are subject to different regulations and requirements than residents, and must be treated differently when it comes to banking services. 
  
  How to use it: 
  In order to use the nonresident term in SAP software, you must first enable the FS-LOC-RU Localization of Banking in Russia component. Once enabled, you can use the nonresident term to identify customers or businesses that are not registered in the country where banking services are being provided. This will allow you to apply different regulations and requirements for these customers or businesses. 
  
  Tips & Tricks: 
  When using the nonresident term in SAP software, it is important to remember that nonresidents are subject to different regulations and requirements than residents. Make sure you understand these regulations and requirements before providing banking services to nonresidents. 
  
  Related Information: 
  For more information on the FS-LOC-RU Localization of Banking in Russia component of SAP software, please refer to the official SAP documentation. Additionally, you can find more information on nonresidents and their regulations and requirements from local government websites or other sources.