Frequently Asked Questions
Guidelines for Citing BEA Information | ID: 995 | Created: Apr-21-2011
When a U.S. business enterprise is acquired or established by a foreign entity, so that the foreign entity owns 10 percent or more of the voting stock (or equivalent interest), a BE-605 form is required to be filed for the quarter in which the acquisition or establishment took place (i.e., the answer to question 2 on the form must be “yes”). Reports are due within 30 days of the end of the quarter. First time filers on form BE-605 that fall below the form’s exemption level should file pages 1, 2, 3, 13, and 15. If the U.S. business enterprise is indirectly foreign owned and has no direct transactions with the foreign parent, it should file pages 1, 2, 3, 13 (checking box C), and 15, regardless of the size of the company.
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