TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SUBSIDIARY COMPANY [2 records]

Record 1 2024-12-18

English

Subject field(s)
  • Commercial and Other Bodies (Law)
  • National and International Economics
CONT

A foreign subsidiary is legally independent of its parent company and conducts its own business operations. It must comply with local taxation and employment laws, which often vary from the home country. If the subsidiary faces a lawsuit or fine from local authorities, the subsidiary is responsible, while the parent company retains immunity.

Key term(s)
  • off-shore subsidiary company
  • off-shore subsidiary

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
  • Économie nationale et internationale

Spanish

Save record 1

Record 2 2024-04-03

English

Subject field(s)
  • Commercial and Other Bodies (Law)
DEF

A corporation in which another corporation owns directly, or indirectly through one or more intermediary corporations, a majority of the shares carrying the right to elect at least a majority of the members of the board of directors.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
DEF

Société juridiquement indépendante mais placée sous le contrôle d'une société mère, généralement du fait que cette dernière détient, directement ou indirectement, une participation lui donnant le droit d'élire la majorité des membres du conseil d'administration de cette société.

Spanish

Campo(s) temático(s)
  • Organismos comerciales y otros (Derecho)
DEF

Empresa que aun teniendo plena responsabilidad jurídica y autonomía financiera, depende de una sociedad matriz, que puede tener las características de una compañía tenedora o holding.

CONT

La filial es, por lo tanto, una empresa distinta dentro de la empresa, gozando de autonomía respecto a ella.

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