foreign corporation

(redirected from Foreign Companies)
Also found in: Financial.

foreign corporation

n. a corporation which is incorporated under the laws of a different state or nation. A "foreign" corporation must file a notice of doing business in any state in which it does substantial regular business. It must name an "agent for acceptance of service" in that state, or the Secretary of State in some jurisdictions will automatically be that agent so people doing business with a foreign corporation will be able bring legal actions locally if necessary. Example: the Whoopee Widget Corporation is incorporated in Delaware. It has a sales office in Arizona, which does not make a guaranteed refund to Jack Jones of Arizona. Jones can sue Whoopee in Arizona and serve the Arizona Secretary of State or Whoopee's designated agent.

References in periodicals archive ?
We are already negotiating with big foreign companies.
Congressman Mike Conaway (TX-11) introduced the Stopping Foreign Businesses Sanctuary Act, legislation to protect American businesses from foreign companies manipulating claims of immunity in U.
Foreign companies still buy only one percent of the necessary intermediate goods from the local industry.
The Ministry of Petroleum plans to repay a part of its dues--worth $250m--to a number of foreign companies operating in the local petroleum sector by March.
Summary: TEHRAN (FNA)- China has responded to Washington's tax overhaul by offering foreign companies a break on Chinese taxes in a bid to retain investment.
2 of 2015 related to commercial companies law allows foreign companies to have a branch in the UAE.
Foreign companies can now apply for full ownership of engineering firms in Saudi Arabia, it has been revealed.
By: Nawal Sayed CAIRO - 7 July 2017: Most of foreign companies in Qatar have defined strict conditions such as big insurances on governmental projects to guarantee their existence in the Qatari market amid political developments, Qatari opponent Khalid Al Hail said on Friday.
There are 118 foreign companies from 30 countries members in the Foreign Investors Council, employing over 50 thousand people in Macedonia.
US share of global IPOs by foreign companies sits at 9.
LIC, considered to be India's biggest insurance firm, has said that it is comfortable with foreign companies taking a 49 percent stake in Indian insurance companies.
BAGHDAD / NINA / The economic analyst, Dergham Mohammed Ali said that more than 90 percent of foreign companies, operating in Iraq, will not be affected by military operations.

Full browser ?