foreign corporation

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Foreign corporation

A corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation.

Foreign Corporation

A corporation that operates in one country but was organized and is based in a different country. Foreign corporations must abide by domestic regulations and business practices, but may (or may not, depending on the specific organization) submit their profits to shareholders in the home country. Many corporations operate in multiple countries, and are considered foreign corporations in each country except the home country. See also: Domestic corporation, International corporation.

foreign corporation

A firm that conducts business in states or countries other than the state or country in which it is incorporated. For example, a firm incorporated in Canada but conducting business throughout North America is considered a foreign corporation in the United States. Compare domestic corporation.

foreign corporation

Any corporation organized under the laws of another state or country. Foreign corporations may sue and be sued in the courts of a state only if they are registered and licensed in that state.Normally,if a foreign corporation does business in a state without registration, it may not use the courts of the state to sue the defaulting party.

Foreign Corporation

A corporation not organized under the laws of one of the states or territories of the United States.
References in periodicals archive ?
subsidiaries by foreign corporations doing business in the United States, but pointing out that with recent developments such as the check-the-box regulations, a single member LLC treated as a branch may provide greater tax benefits because of the ability to offset income in the foreign corporation's home country).
Form 926--Return by a US Transferor of Property to a Foreign Corporation
corporate shareholder (4) of a controlled foreign corporation (CFC) (5) can elect to deduct 85 percent of the cash dividends received from such CFC during the taxable year, (6) resulting in an effective corporate income tax rate of just 5.
If a foreign corporation (established in a qualifying jurisdiction that met a number of requirements) elected FSC treatment, a portion of the income earned from export sales was exempt from U.
This act was introduced because many foreign corporations predominantly engaged in the conduct of active business operations currently are characterized as PFICs based on the asset test under the current PFIC rules.
net equity at the beginning of the tax year was higher than at the end of the tax year, the foreign corporation is deemed to have repatriated or disinvested earnings (Regs.
The history of controlled foreign corporations in United States tax law is characterized by reduction of the tax deferral advantages of United States corporations operating businesses overseas through foreign corporations.
IRS Notice 2003-38, IRB 2003-27, July 7, 2003 announced a compliance initiative fur nonresident aliens and foreign corporations that have not filed U.
Substantially clarify the application and operation of the indirect participation rules, especially for reporting shareholders of controlled foreign corporations (CFCs).
Writing for the Court, Justice Breyer began by saying "the basic question is whether the franchise tax Alabama asserts on foreign corporations violates the Commerce Clause.
To the best of the Company's knowledge non of the foreign corporations are five percent beneficial owners of the Company's shares.
The 2009 regulations add provisions that aggregate acquisitions by multiple foreign corporations and acquisitions of multiple domestic entities for purposes of the acquisition and ownership tests if such acquisitions are made under a plan or a series of related transactions (Temp.

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