Country of residence refers to the nation where an individual has established their principal or secondary place of domicile, typically spending a significant portion of the year there. It signifies their legal and official residence, generally indicating where they live, work, and contribute to the local economy.
Country of residence is often crucial in determining an individual’s tax obligations, legal rights, and access to various services and benefits provided by that nation. It’s different from citizenship, which signifies a person’s nationality and can impact matters ranging from taxation and healthcare to legal jurisdiction and voting rights.