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What is an international subsidiary?

Payments
Asked by Question Bot10/Nov/20151 answer

1 Answer

F

Faisal Khan

Answered 10/Nov/2015

Various meaning to this, but essentially, any entity that it in a different geographical territory (read: country) and is owned &/or controlled by another entity. For example, a company based in London, could have another company in Florida. The Florida owned company would be a wholly-owned subsidiary of the London corporation.

In short, a subsidiary is a sub company or entity of a parent company that owns it.