Foreign subsidiary

This concerns enterprises with investments abroad, made by Dutch-owned enterprises located in the Netherlands, with the objective of building a sustained interest in a foreign business. For this study, no minimum amount has been set for the investments, nor a minimum share in voting rights in the foreign business. A Dutch enterprise owns a subsidiary (branch) if it has a majority interest in a foreign business. An unknown factor in the study is whether trade conducted with the country in which the Dutch parent company has an interest is intra-group trade or not. The trade relationship may therefore be seen as separate from the business interest.