foreign corporation

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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 ?
"How can one compare a Bahraini company that invests in Bahrain and in Bahrainis with a foreign company which has no long-term investment in the country and its people," he said in a statement.
In case, the subscriber happens to be a foreign company or a foreign corporate body, the registrar will require additional information including but not limited to, the profile of the foreign company or foreign corporate body, details of its directors, their nationality, country of origin, etc.
Summary: 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.
The procedure and filing requirements for registration of documents of a foreign company have been amended suitably and provision of issuance of certificate of registration of documents has been added with clarity; registration of alteration in documents or details of foreign company have been simplified and only one form has been specified for any alteration in any documents and other details of a foreign company and provisions relating to filing of accounts by foreign companies have been amended to bring the same in line with the provisions of Act.
SECP also amended the procedure and filing requirements for registration of documents by a foreign company. Issuance of registration certificate and modifications in documents or details of foreign company have been simplified.
If a foreign company produces electric locomotives, we might supply cables necessary for their production."
Establishing a Branch of a Foreign Company: What is a Branch of a Foreign Company under Qatari Law?
What is the law regarding marketing/advertising of services for a foreign company through brochures/handouts/ leaflets in the UAE.
The chairman, general manager or CFO of each foreign company led its management team to give presentations on business activities, financial conditions, industry reports, business plans and development strategies.
Once a foreign company would like to acquire a property, it should first apply to the governor's office (planning and coordination department) with the following content in the application file: petition for application, information regarding the property, resolution and an undertaking concerning the use of the property.
The new tax law also clarifies that a PE can be created for a foreign company through a dependent agent.
This is achieved by taking a foreign company public and at the same time causing the foreign company to acquire the stock of the U.S.

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