Registration with the government of United States: In order to run an alien corporation, a corporation must fulfill some requirements. The main requirement of being an alien corporation is getting registered with the government of the United States.
Form 20-F: Another requirement of being an alien corporation is that in order to trade shares on exchanges of United States, the alien corporation must file Form 20-F. This form must be filed with the Securities and Exchange Commission.
File other forms: Alien corporations have many more requirements that need to be fulfilled. For instance, the alien corporation must file Form 6-K and Form F-1. These alien corporations need to get these forms registered with the Securities and Exchange Commission.
Form 1120-F with theâ€¯International Revenue Service: Form 1120-F must be filed by the alien corporation with theâ€¯International Revenue Service. This form must be filed by the alien corporation to report its income and file taxes.
The foreign corporations registered under the Securities and Exchange Commission and Internal Revenue Service are known as alien corporations. However, there are some differences between the foreign and domestic corporations. A foreign corporation is a corporation that is incorporated in a foreign state but executes its business operations in the other state. Domestic corporations, on the other hand, are corporations that are incorporated in the same state in which they are doing business.
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