How do you define a Resident Company?

A resident company is Entity treated by the jurisdiction, in which it is registered / incorporated / conducts its business, as resident for exchange control and/or tax purposes.

Business registration is not for regulating business activities. Neither is it a license to trade. Its main objectives is to provide Inland Revenue Department (IRD) with information on businesses so tax files can be opened and updated regularly; and to enable the public to obtain information on businesses with which they are dealing with.