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 ?
Fifth, the failure of a foreign corporation to appoint or maintain a resident agent is a ground for the revocation of the license granted to a foreign corporation to do business without prejudice to other grounds provided under special laws as provided under the RCC.
This approach requires that the foreign corporation be appropriately formed as a foreign eligible entity.
In some circumstances, a foreign dividend may qualify for the lower rate of twenty percent for "qualified dividends." This lower rate is generally available when the foreign corporation is eligible for benefits under an income tax treaty with the United States or if the stock of this foreign corporation is readily tradable on an established securities market in the United States.
Then the IPU discusses item la: When the name and address of the foreign corporation is omitted, other information on the form cannot be associated with a specific foreign corporation.
In order to be treated as a qualified foreign corporation under the treaty test, a foreign corporation must be eligible for benefits of one of the U.S.
Complex rules that define and govern foreign personal holding companies, controlled foreign corporations, passive foreign investment companies and foreign sales corporations have been adopted to prevent the avoidance or significant deferral of U.S.
Current earnings and profits--Current earnings and profits represent the difference between total earnings and profits of the foreign corporation at the end of the current year (before reduction by dividends paid during the year) and the accumulated earnings and profits of the corporation at the beginning of the year.
Specifically, section 884(a) imposes a thirty percent tax on a foreign corporation's dividend equivalent amount, (36) that is, the U.S.
controlled passive foreign corporation may elect the application of the mandatory current inclusion rules.
As an example of these rules, if a foreign corporation has a real estate business in the U.S.
102-2017 reiterates the recognition that online activity is sufficient to constitute doing business in the Philippines, thus, foreign corporation engaged in POGO is considered as Resident Foreign Corporation engaged in business in the Philippines and not a Nonresident Foreign Corporation," the circular read.
A foreign corporation that has established economic nexus without any physical presence in California could make a water's-edge election to avoid including its income and factors in the combined report.

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