Corporate Domicile Law & Legal Definition


Corporate domicile refers to a place where a company’s affairs are discharged. It is also known as the legal home of a corporation because the place is considered by law as the centre of corporate affairs. Corporate domicile is a place where a company’s principal affairs of business are maintained.

A corporation is considered a citizen of both its state of incorporation and the state of its principal place of business. Corporate domicile helps in ascertaining the legal status of a corporation. Corporate domicile also helps in ascertaining taxes on companies. [Barclays Bank Plc v. Franchise Tax Bd., 512 U.S. 298 (U.S. 1994)].