Concepts




Foreign control


Foreign control means that the controlling institutional unit is resident in a different country from the one where the institutional unit over which it has control is resident.
Control means the ability to determine the general policy of an enterprise by choosing appropriate directors as needed.

Enterprise A is deemed to be controlled by institutional unit B when B controls - directly or indirectly - more than half of the shareholders' voting power or more than half of the shares.



Topic

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • EU

Jaa