What does auxiliary company mean?

auxiliary company meaning in Business Dictionary

1.u000du000aBusiness: an organization founded by a moms and dad company to carry out a particular line of business. The auxiliary business may operate semi-independently for the parent company.u000du000au000du000au000du000a2.u000du000aFinance: a business that features a subscribed office in an international country for tax reasons but is managed and handled from overseas. Many earnings for an auxiliary organization needs to be from foreign resources. Auxiliary companies have actually specific income tax advantages in Switzerland.