All institutional units registered abroad, and natural persons whose households are located outside Latvia or who are staying in Latvia for a period of time less than one year (excl. students). Branches of MFIs registered abroad as well as foreign diplomatic and consular representative offices, those of international institutions and other official representative offices in Latvia shall also be considered non-residents.
The definition of the concept is consistent with Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union.