domestic corporation

Domestic corporation

A corporation that is conducting business and is based in the country in which it is established, as opposed to a foreign corporation.

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Domestic Corporation

A corporation that operates in the country in which it was organized and is based. Like all corporations, it must abide by domestic regulations and business practices. Many corporations operate in multiple countries, and are considered domestic corporations only in the home country. See also: Foreign corporation, International corporation.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

domestic corporation

A firm incorporated under the laws of the country or state in which it does business. For example, a firm incorporated in the United States is considered a domestic corporation in the U.S. but a foreign corporation elsewhere. Compare foreign corporation.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.