Foreign Sales Corporation Law and Legal Definition
Foreign Sales Corporation (“FSC”) is a classification given to a U.S. corporation which engages in substantial export business. Exporters may register as FSC in order to receive certain tax advantages. A FSC must:
1) maintain its office and books of account in a country that has exchange of information agreement with the U.S.
2) have at least one director residing in the country of the office, and
3) derive income from export of U.S. goods and/or services to that country.
Legal Definition list
- Foreign Sales (Entertainment law)
- Foreign Representative (Bankruptcy)
- Foreign Public Entity
- Foreign Public Charter Operator [Aeronautics and Space]
- Foreign Professional Corporation
- Foreign Sales Corporation
- Foreign Securities Authority
- Foreign Service Grievance Board Regulations
- Foreign Service Institute [FSI]
- Foreign Service Normal Cost
- Foreign Shell Bank
Related Legal Terms
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adoption Record [Foreign Relations]
- Adoption Service [Foreign Relations]
- Affect Interstate And Foreign Commerce
- Affinity Sales of Insurance
- Agency or Instrumentality of a Foreign State
- Agency Sales and Service Contract
- Agency Sales Ticket (Securities)
- Agent of a Foreign Power
