Definition: Immediate foreign owner

Category: International trade in services

Immediate owner or first shot is the first enterprise outside the Member States in an affiliate ownership chain that has an ownership of more than 50% of the ordinary shares or the equivalent in the case of an unincorporated enterprise.
Source:
Eurostat, "International ownership in trade and service activities - First findings of a study on foreign affiliates", Office for Official Publications of the European Communities, Luxembourg, 1998
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