{"iri":"https://lexicon.financial/business/bea/ForeignParentGroup","label":"Foreign parent group","definition":"Consists of the foreign parent and the ultimate beneficial owner (UBO) of a U.S. affiliate and other foreign companies affiliated with the foreign parent and ultimate beneficial owner . More specifically, the foreign parent group consists of (1) the foreign parent , (2) any foreign person , or entity, proceeding up the foreign parent's ownership chain, that owns or controls more than 50 percent of the person below it, up to and including the ultimate beneficial owner , and (3) any foreign person , or entity, proceeding down the ownership chain(s) of each of these members, that is owned more than 50 percent by the person above it.","license":"https://www.usa.gov/government-copyright","source":"bea","source_url":"https://www.bea.gov/help/glossary/foreign-parent-group"}