affiliate

A business enterprise located in one country which is directly or indirectly owned or controlled by a person of another country.
(U.S.) A business enterprise located in one country which is directly or indirectly owned or controlled by a person of another country to the extent of 10 percent or more of its voting securities for an incorporated business enterprise, or an equivalent interest for an unincorporated business enterprise, including a branch. For outward investment, the affiliate is referred to as a “foreign affiliate”; for inward investment, it is referred to as a “U.S. affiliate.” See direct foreign investment; foreign direct investment in the United States; affiliated foreign group.

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