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 ?
New Delhi [India], Sep 17 ( ANI ): The union government on Monday announced that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect to rupee denominated bonds issued outside India before July 1, 2020, would be liable for a concessional tax rate of five per cent.
In addition, procedure of certification of documents and translation of documents required to be filed by a foreign company has been provided; available modes of payment of fee to the SECP have been specifically stated, i.e.
In addition to that, procedure of certification of documents and translation of documents required to be filed by a foreign company has also been provided; available modes of fee payment - through credit or debit card, online payment or challan payment via banks - to the SECP have been specifically stated and provisions regarding applicable penalties to be imposed in case of violation of any provision of the regulations have also been included.
A branch of a foreign company is registered in Qatar to facilitate the foreign company in the performance of its contract(s) in Qatar (as described below).
The UAE has a well-regulated and simple process for advertising of services by a foreign company through brochures / handouts / leaflets, in the country.
A foreign company is a company which is not formed in Turkey but in a foreign country in accordance with that country's local laws.
Hopefully the new law will help in confirming that a PE cannot be constituted for a foreign company through an independent agent.
company's property is directly or indirectly acquired by a foreign company; and
In addition, one foreign company was also registered during the month.
However, this provision is subject to specific exceptions, such as the taxation of a foreign company at a rate higher than that of a domestic company is not considered as a less favourable charge in respect of the foreign company.
The new law, which was gazetted in June will also introduce an annual 90 day threshold in aggregate for any given taxable year before a foreign company conducting business in Oman is deemed to create a taxable presence.
"This will allow us to legally pay all our workers in hard currency," said a manager of a major foreign company in Cuba.

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