(1)In this Part—
“qualifying country” means—
the United Kingdom,
another member State of the European Economic Community, or
to the extent that an Order under section 208 so provides, a country designated under that section as enjoying reciprocal protection;
“qualifying individual” means a citizen or subject of, or an individual resident in, a qualifying country; and
“qualifying person” means a qualifying individual or a body corporate or other body having legal personality which—
is formed under the law of a part of the United Kingdom or another qualifying country, and
has in any qualifying country a place of business at which substantial business activity is carried on.
(2)The reference in the definition of “qualifying individual” to a person’s being a citizen or subject of a qualifying country shall be construed—
(a)in relation to the United Kingdom, as a reference to his being a British citizen, and
(b)in relation to a colony of the United Kingdom, as a reference to his being a British Dependent Territories' citizen by connection with that colony.
(3)In determining for the purpose of the definition of “qualifying person” whether substantial business activity is carried on at a place of business in any country, no account shall be taken of dealings in goods which are at all material times outside that country.