BE-605 Quarterly Survey of Foreign Direct Investment in the Uni

BE-605 (Rev. 03/31/2021)

OMB Control No. 0608-0009: Approval Expires 03/31/2021

QUARTERLY SURVEY OF FOREIGN DIRECT
INVESTMENT IN THE UNITED STATES
Transactions of U.S. Affiliate with Foreign Parent

BE-605 Identification Number

BEA USE ONLY

Mandatory and Confidential
Electronic filing & secure messaging:
www.bea.gov/efile
Telephone:

(301) 278-9422

E-mail:

[email protected]

Mail reports to:
U.S. Department of Commerce
Bureau of Economic Analysis
Direct Investment Division, BE-49(Q)
4600 Silver Hill Rd
Washington, DC 20233
Deliver reports to:
U.S. Department of Commerce
Bureau of Economic Analysis
Direct Investment Division, BE-49(Q)
4600 Silver Hill Rd
Suitland, MD 20746
FAX reports to: (301) 278-9503
Copies of form: www.bea.gov/fdi

1
302

Is this report a submission of a past report?
1
1

2

1
2

Yes
No

What is the date range and year within which the U.S. affiliate’s
quarter ends for this report? Mark (X) one and enter year.

300 1

1

2/16–5/15

1

2

5/16–8/15

1

1

3

8/16–11/15

2

4

11/16–2/15

2

0

Year

Name and mailing address of the consolidated U.S. affiliate
Name:
In Care of:
Attention:
Title:
Street 1:
Street 2:
City:

State:

Zip:

Definitions: Underlined terms are defined on page 18.
Due date: 30 days after the close of each calendar or fiscal quarter end; 45 days if the report is for the final quarter of the financial
reporting year.
Who must report: A Form BE-605 is required from every U.S. business enterprise in which a foreign entity owns, directly and/or
indirectly, 10 percent or more of the voting securities of an incorporated U.S. business enterprise, or an equivalent interest of
an unincorporated U.S. business enterprise, at any time during the quarter. Reports are required even though the U.S. business
enterprise may have been established, acquired, liquidated, sold, or inactivated during the reporting period. Certain private funds
may be exempt from filing; see item E on the claim for exemption on page 16 for more information.
Basic requirement: A Form BE-605 must be filed for each 1) directly-owned U.S. affiliate for which total assets; annual sales or gross
operating revenues, excluding sales taxes; or annual net income after provision for U.S. income taxes was greater than $60 million
(positive or negative) at any time during the affiliate’s fiscal reporting year and each 2) indirectly-owned U.S. affiliate that met the
$60 million threshold and had an intercompany debt balance with the affiliated foreign group.
Exemption: A U.S. affiliate that does not meet the basic requirement above can claim exemption from filing a Form BE-605 by
completing this page and the Claim for Exemption, Contact Information, and Certification sections on pages 15–17 of this form
and returning them to BEA by the due date. If this is an initial filing of the BE-605 report, then also complete and return pages 3 and 5.
Monetary Values — Report in thousands of U.S. dollars. If an amount is between positive and
negative $500, enter “0.” Use parentheses to indicate negative numbers.

$

Bil.

Mil.

Thous.

Dols.

1

335

000

1

EXAMPLE – If amount is $1,334,891.00, report as . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accounting methods and records: Report items according to U.S. Generally Accepted Accounting Principles (U.S. GAAP), unless
otherwise specified. Corporations should use the same methods and records that are used to generate reports to stockholders,
except where the instructions indicate a deviation from U.S. GAAP.
• Reports for unincorporated businesses should be generated on an equivalent basis.
• References to Financial Accounting Standards Board Accounting Standards Codification topics are indicated with “FASB
ASC” and a topic number (for example, FASB ASC 350).
Estimates: In order to supply a timely report, if actual amounts are not available, provide reasonable estimates and label them as such.
Faxing your report: When submitting this report via fax, send ONLY those pages on which information is reported, including the front
page and the Claim for Exemption section (if completed). DO NOT send pages that only contain instructions.

3 Is this the first time the U.S. affiliate is filing a BE-605 report?
340

1

mm / dd / yyyy

341
 Yes – Enter the date the U.S. business enterprise became a U.S. affiliate . . . . . . . . . . . . . . . . . . . . .
1
2  No

1

• If Yes, file Form BE-13 to reflect the acquisition or establishment of the U.S. affiliate if you have not done so already. Forms
can be found at www.bea.gov/be13.

Rules for Consolidating the U.S. Affiliate
Foreign Parent

Foreign
United States

≥10%

Consolidated U.S. Affiliate
U.S. Entity (A)

Voting interest is the
percent of ownership
in the voting securities
of an incorporated
business enterprise or an
equivalent interest in an
unincorporated business
enterprise, including a
branch or partnership.

>50% voting interest

U.S. Entity (B)

>50% voting interest

U.S. Entity (C)

≤50% voting
interest

≤90% voting interest

Foreign Entity
(Z)

Foreign
Entity

U.S. Entity (D)

≥10% voting interest
U.S. Entity
(E)

U.S. Entity (A) should file as the consolidated U.S. affiliate shown in the diagram above.
INCLUDE in the consolidation
• The U.S. Entity (A) in which no other U.S. entity has more than 50 percent direct voting interest; and
• Every U.S. Entity (B) and U.S. Entity (C) in which the U.S. Entity (A), or another consolidated U.S. entity, has more than 50
percent direct voting interest AND in which NO foreign entity, other than this foreign parent, has 10 percent or more direct
voting interest.
EXCLUDE from the consolidation
• All foreign entities, including any Foreign Entity (Z) that is owned by a consolidated U.S. entity; and
• Any U.S. Entity (D) in which neither the U.S. Entity (A) nor any other consolidated U.S. entity has more than 50 percent direct
voting interest; and
• Any U.S. Entity (E) in which a DIFFERENT foreign entity, other than this foreign parent, has 10 percent or more direct voting
interest.
Hereinafter on this form the consolidated U.S. entities are collectively considered the U.S. affiliate.

Report the ownership interest in any U.S. Entity (D), U.S. Entity (E), and Foreign Entity (Z) on an equity basis, if the ownership
is at least 20 percent. If less than 20 percent, report the ownership interest as trading securities or available-for-sale securities in
accordance with FASB ASC 320.
Each U.S. Entity (D) and U.S. Entity (E) must file its own Form BE-605, unless it qualifies for exemption.
The U.S. affiliate must file a Form BE-577 for each Foreign Entity (Z) in which it has 10 percent or more voting interest, unless it
qualifies for exemption. For more information, go to www.bea.gov/dia.

Page 2

FORM BE-605 (Rev. 03/31/2021)

Part I – Identifying the U.S. Affiliate
4 Which type of business organization best describes this U.S. affiliate?
003

1

 A U.S. business enterprise incorporated in the United States
 An unincorporated U.S. business enterprise, such as a branch, partnership, real estate, etc.
1
3  A U.S. limited liability company (LLC)
1

5

1
2

If the U.S. affiliate’s industry classification, based on the largest
source of sales or gross operating revenues, has changed, or if
this is an initial filing, please enter the appropriate code.

Current
Industry Code

See the Industry Code Guide on www.bea.gov/NAICS2017.. . . . . . . . . . . . . . . . . . . . . . . . . . .

342

____

Revised
1

____

6 Has the ownership structure of this U.S. affiliate changed since the previous quarter?
See page 2 for guidance in identifying the entities that comprise the U.S. affiliate.
303

1
1

1
2

 Yes – Please provide a chart showing the new ownership structure.
 No

7 What type of equity interest does the foreign parent hold in this U.S. affiliate? (Check one box)
006

1

1

1

2

 Only a direct equity interest – SKIP to

9 .
Diagram 1
Foreign Parent

 Only an indirect equity interest through another U.S. affiliate –

≥10%

ONLY complete 8 and Part IV , 14 through 23 . Amounts
representing this U.S. affiliate’s equity accounts are part of
another higher-tier U.S. affiliate’s BE-605 report and should
not be duplicated here. See Diagram 1.

Higher-tier
U.S. Affiliate

10–50%

This U.S. Affiliate
1

3

 Both a direct equity interest AND an indirect equity interest
through another U.S. affiliate –

Diagram 2

• If BOTH a direct and indirect equity interest are held by the SAME
foreign parent, this U.S. affiliate should be fully consolidated into the
BE-605 report filed by the higher-tier U.S. affiliate that owns it, and
any minority interest not held by the foreign parent either directly or
indirectly must be eliminated. In the example at the right, this U.S.
affiliate should be fully consolidated into the BE-605 report filed by the
higher-tier U.S. affiliate that owns it directly. See Diagram 2.
• If a direct and an indirect equity interest are held by DIFFERENT
foreign parents, this U.S. affiliate must file Form BE-605 for EACH
foreign parent. In the example at the right, this U.S. affiliate may not be
fully consolidated into the BE-605 report filed by the higher-tier U.S.
affiliate because of the direct ownership held by foreign parent A. See
Diagram 3.
1

4

Foreign Parent
≥10%

Higher-tier
U.S. Affiliate

≥10%

10–90%

This U.S. Affiliate

Diagram 3
Foreign Parent A
≥10%

 No equity interest (only voting interest) –

Foreign Parent B
≥10%

Higher-tier
U.S. Affiliate

10–90%

This U.S. Affiliate

ONLY complete Part IV , 14 through 23 .

8

What is the name of each U.S. affiliate that has a direct equity interest in this U.S. affiliate?

309

FORM BE-605 (Rev. 03/31/2021)

Page 3

Part II – Identifying the Affiliated Foreign Group and Ultimate Beneficial Owner

Identifying the Affiliated Foreign Group
Affiliated Foreign Group

The affiliated foreign group (AFG) consists of
• The foreign parent (FP), which is the first Foreign
Entity (B) outside the United States, proceeding up
a chain of ownership, that has 10 percent or more
voting interest in the U.S. affiliate, and

FAFP
Foreign Entity (A)

• Every foreign affiliate of the foreign parent (FAFP),
which includes
° Any Foreign Entity (A), proceeding up the
foreign parent’s ownership chain, that has
more than 50 percent direct voting interest
in the entity below it, up to and including that
entity in which no other foreign entity has
more than 50 percent direct voting interest,
and

>50% voting interest

Foreign Parent (FP)
Foreign Entity (B)

>50% voting interest

FAFP
Foreign Entity (C)

° Any Foreign Entity (C) and Foreign Entity
(D), in which the FP or any FAFP has more
than 50 percent direct voting interest.
The AFG does not include:

>50% voting interest

• Any Foreign Entity (E) in which neither the FP nor
any FAFP has more than 50 percent direct voting
interest, or

FAFP
Foreign Entity (D)

• Any U.S. entity.
≥10%
voting
interest

≤50% voting interest

Foreign Entity (E)

Foreign
United States

The U.S. Affiliate

Identifying the Ultimate Beneficial Owner
The ultimate beneficial owner (UBO) is the entity, proceeding up the ownership chain beginning with and including the
foreign parent, in which no other entity has more than 50 percent direct voting interest. If the UBO is the FP or an FAFP, then
it is included in the AFG. In the diagram above, Foreign Entity (A) is the UBO of the U.S. affiliate.
NOTE that if the UBO is a U.S. entity it is not part of the AFG.

Page 4

FORM BE-605 (Rev. 03/31/2021)

Part II – Report changes in FP and UBO information
9
307

Does more than one foreign parent (FP) have a direct or indirect voting interest of 10 percent or more in this U.S.
affiliate?
1

1

1

2

 Yes – File a separate BE-605 report for each foreign parent that has a direct or indirect voting interest of 10 percent

10
308

or more in this U.S. affiliate.

 No

Has the foreign parent information changed or is this an initial filing?
1
1

 Yes – Please note the changes or initial information below, and provide an organizational chart.
2  No – Continue to 11 .
1

A. FP Name
0

Revised
B. Country of Incorporation? If the foreign parent is an individual or government, enter the country of residence.
BEA USE ONLY

Revised

005 1

mm / dd / yyyy
316
C. Date of change (if initial acquisition, date became a U.S. affiliate) . . . . . . . . . . . . . . . . . . . . . .

11 Is the foreign parent named in 10 also the ultimate beneficial owner (UBO)?
312

1
1

 Yes – SKIP to
2  No
1

13 .

12 Has the UBO information changed or is this an initial filing?
314

1
1

 Yes – Please provide the changes or initial information for the UBO of the foreign parent named in
2  No – Continue to 13 .
1

10 .

A. UBO Name

Revised

0

B. Country of Incorporation? If the UBO is an individual or government, enter the country of residence.
BEA USE ONLY

Revised

315 1

mm / dd / yyyy
317
C. Date of change (if initial acquisition, date became a U.S. affiliate) . . . . . . . . . . . . . . . . . . . . . .

Complete the remainder of this form with the transactions between this U.S. affiliate and the foreign parent identified in 10 .
FORM BE-605 (Rev. 03/31/2021)

Page 5

Part III – Foreign Parent’s Direct Equity Share in the U.S. Affiliate, as Consolidated
• Report items 13 A–G on a quarterly basis, NOT on a cumulative or year-to-date basis.
• Use the column headed Preceding Quarter (if revised) to correct data that were incorrect or not given in the preceding quarter.
• DO NOT delay filing because current quarter data are not available. Use estimates where necessary to file a timely report and
submit revised data when available.
• DO NOT complete this section if the foreign parent only holds an INDIRECT equity interest in this U.S. affiliate or if the foreign
parent only has a voting interest and NO equity interest. Amounts representing this U.S. affiliate’s equity accounts must be
consolidated into the higher-tiered U.S. affiliate’s consolidated report.
13 What is the foreign parent’s equity share of:
A. The U.S. affiliate’s quarterly net income (loss)
011
after provision for income taxes?. . . . . . . . . . . . . . . . . . . . . .

Preceding Quarter

Current Quarter
$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

011

• Report the amount that represents the foreign parent’s share, based on it’s directly held equity interest, in the U.S.
affiliate’s net income (loss) for the quarter, before provision for all common and preferred dividends owed to the foreign
parent(s) and before any deduction for U.S. withholding taxes on dividends, but AFTER provision for
U.S. federal, state, and local taxes.
• U.S. affiliates in extractive industries should report net income BEFORE depletion charges, EXCEPT charges representing
the amortization of the actual cost of capital assets.

B. Certain gains (losses), after provision for
income taxes:

Preceding Quarter

Current Quarter
$ Bil.
1

Mil.

Thou.

Dols.

000

012
1. Included in net income in 13 A? . . . . . . . . . . . . . . . . . . . .

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

012

Report those gains (losses) that were included in the foreign parent’s share of net income (item A) resulting from:
• Extraordinary, unusual, or infrequently occurring items that are material. Include losses from accidental damage or
disasters, after estimated insurance reimbursement; write-ups, write-downs, and write-offs of tangible and intangible
assets; and gains (losses) from the sale or other disposition of capital assets. Do not include legal judgements.
• Sale or other dispositions of financial assets, including investment securities; gains (losses) related to fair value
accounting; FASB ASC 320 holding gains (losses) on securities classified as trading securities; FASB ACS 320
impairment losses; and gains (losses) from derivative instruments. Dealers in financial instruments and finance
and insurance companies, see special instructions on page 7.
• Restructuring costs that reflect write-downs or write-offs of assets or liabilities. Do not include actual payments, or charges
to establish reserves for future actual payments, such as for severance pay, and fees to accountants, lawyers, consultants, or
other contractors.
• Sale or disposition of land, other property, plant and equipment, or other assets, and FASB ASC 360 impairment
losses. Do not include gains (loses) from the sale of inventory assets in the ordinary course of trade or business.
Real estate companies, see special instructions on page 7.
• Goodwill impairment as defined by FASB ASC 350.
• Disposals of discontinued operations. Do not include income from the operations of a discontinued segment.
• Remeasurement of the U.S. affiliate’s foreign-currency-denominated assets and liabilities due to changes in foreign
exchange rates during the reporting period.
• The cumulative effect of a change in accounting principle.
• The cumulative effect of a change in the estimate of stock compensation forfeitures under FASB ACS 718.
Preceding Quarter

Current Quarter

2. Not included in net income in 13  A but taken
013
directly to other comprehensive income (loss)?. . . . . . . .

$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

013

• Include, per FASB ASC 220, unrealized holding gains (losses) for available-for-sale securities (including those
classified as current assets), less reclassification adjustments, and pension and postretirement benefit plans after
provision for U.S. federal, state, and local income taxes. Do not include foreign currency translation adjustments;
report translation adjustments in 13  C.
Page 6

FORM BE-605 (Rev. 03/31/2021)

Part III – Foreign Parent’s Direct Equity Share in the U.S. Affiliate, as Consolidated
Preceding Quarter

Current Quarter

C. The CHANGE in the translation adjustment account
313
during the quarter?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

313

• Report foreign parent’s share of the foreign currency translation adjustment resulting from the translation of the U.S.
affiliate’s financial statements from the affiliate’s functional currency into U.S. dollars in accordance with FASB ASC 830
or other current standards of the Financial Accounting Standards Board.

D. Dividends on common and preferred stock
(gross of U.S. withholding taxes) excluding stock
and liquidating dividends? Report liquidating
014
dividends in Part V 26  C.. . . . . . . . . . . . . . . . . . . . . . . . . . .

Preceding Quarter

Current Quarter
$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

014

• Report Dividends as of the date they were declared or paid, GROSS of any U.S. tax withheld. Any subsequent settlement
of dividends declared but not paid SHOULD NOT be reported a second time, but should be reflected only as a reduction
in Part IV 18  A.
Preceding Quarter

Current Quarter

E. Earnings distributed by unincorporated
015
U.S. affiliates?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

015

• Report gross amounts of earnings distributed by unincorporated U.S. affiliates, whether out of current or past earnings.

F. U.S. tax withheld on dividends ( 13  D) or on
distributed earnings of an unincorporated U.S.
016
affiliate ( 13  E)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Preceding Quarter

Current Quarter
$ Bil.
1

Mil.

Thou.

Dols.

000

$ Bil.
2

G. The net amount of dividends/earnings
017
distributed ( 13  D or 13  E less 13  F)?. . . . . . . . . . . . . . . . .

Mil.

Thou.

Dols.

000

016

Preceding Quarter

Current Quarter
$ Bil.
1

(if revised)
Mil.
Thou.

Dols.

000

$ Bil.
2

(if revised)
Mil.
Thou.

Dols.

000

017

Special instructions for dealers in financial instruments (including securities, currencies, derivatives, and other financial
instruments), finance companies, and insurance companies:
Include in item B1:
• realized gains (losses) on trading or dealing;
• unrealized gains (losses) due to changes in the valuation of financial instruments that flow through the income
statement;
• all other items described in the general instructions for 13  B1 (above).
Include in item B2 unrealized gains (losses) due to changes in the valuation of financial instruments that are taken to other
comprehensive income, and all other items described in the general instructions for 13  B2 (above).
Do not include in 13  B1 or 13  B2 income from fees and commissions; report fees and commissions in 13  A.
Special instructions for real estate companies – Report gains (losses) from the sale, disposition, or revaluation of
land, other property plant and equipment, or other assets as follows:
• Include gains (losses) from the sale of real estate in the ordinary course of trade or business in 13  A. Do not
include realized gains (losses) in 13  B1 or 13  B2. Unrealized gains recognized due to the revaluation of real
estate assets should also be reported in 13  B1.
• Include impairment losses of long-lived assets, as defined by FASB ASC 360, and recognized during the period, in
13  A and 13  B1.
• All other items should be treated as described in the general instructions above.
001

BEA USE ONLY
1

FORM BE-605 (Rev. 03/31/2021)

Page 7

Part IV – Payable and Receivable Balances, and Interest, Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
Questions 14 through 17 are intended to assist banks and other types of finance companies in determining how to complete
the rest of Part IV . U.S. affiliates that also file Treasury International Capital (TIC) B Forms may not be required to complete 18
through 23 .
14 Is the foreign parent listed in 10 a depository or non-depository bank (ISI codes 5221 or 5229),
a securities broker or dealer (ISI code 5231) or in the finance industry (ISI codes 5223, 5224, 5238, 5252)?

 Yes
2  No – SKIP to

022 1

18 .

15 Is the U.S. affiliate a “bank” (ISI codes 5221 or 5229) or primarily acting as a securities broker or dealer
(ISI code 5231)?

Note: A “bank” is a business engaged in deposit banking or closely related functions, including commercial
banks, Edge Act corporations, U.S. branches and agencies of foreign banks, savings and loans, savings banks,
bank holding companies and financial holding companies under the Gramm–Leach–Bliley Act.

 Yes
2  No – SKIP to

021 1

17 .

16 Do any of the U.S. business enterprises consolidated in this report have insurance (ISI codes 5242, 5243, or 5249),
real estate (ISI code 5310), or leasing activities (ISI codes 5321, 5329, or 5331)?
023 1

2

 Yes – Complete

18 thru 23 but ONLY report balances and interest between this U.S. affiliate and the affiliated
foreign group that relate to insurance, real estate, and leasing activities.

 No – SKIP to

Part V .

17 Do any of the U.S. business enterprises consolidated in this report have depository or non-depository banking
activities (ISI codes 5221 or 5229) or securities broker or dealer activities (ISI code 5231)?
020 1

2

 Yes – Complete

18 thru 23 but ONLY report balances and interest between this U.S. affiliate and the affiliated
foreign group NOT related to depository or non-depository banking activities or securities broker or dealer activities.

 No – Continue to

18 .

Finance Industry Classifications

5221 Depository credit intermediation (Banking)

5223 Activities related to credit intermediation

5224 Non-depository credit intermediation, except branches and agencies

5229 Nondepository branches and agencies

5231 Securities and commodity contracts intermediation and brokerage

5238 Other financial investment activities and exchanges

5252 Funds, trusts, and other finance vehicles

Insurance Industry Classifications

5242 Agencies, brokerages, and other insurance related activities

5243 Insurance carriers, except direct life insurance carriers

5249 Direct life insurance carriers

Real Estate and Rental and Leasing Industry Classifications

Page 8

5310 Real estate

5321 Automotive equipment rental and leasing

5329 Other rental and leasing activities

5331 Lessors of nonfinancial intangible assets, except copyrighted works

FORM BE-605 (Rev. 03/31/2021)

Part IV – Payable and Receivable Balances, and Interest, Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated foreign group.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance. If the closing balance on the
preceding quarter’s report was in error, note the correction.
Affiliated foreign group

• Derivatives Contracts – Exclude the value of outstanding financial derivatives
contracts and any payments or receipts resulting from the settlement of those contracts.
For example, the settlements of interest rate derivatives should NOT be reported
as interest or as another type of transaction on this form. Derivatives contracts are
covered by the Treasury International Capital (TIC) Form D, Report of Holdings of, and
Transactions in, Financial Derivatives Contracts.

FAFP

>50%

>50%

Foreign Parent

FAFP

• Leases – In accordance with FASB ASC 842, leases greater than one year between
the U.S. affiliate and the affiliated foreign group should be reported as intercompany
balances. Lease payments should be disaggregated into the amounts that are (i) a
reduction in an intercompany balance, and (ii) interest.

>50%
FAFP

Foreign
United States

• Insurance Technical Reserves – Include these provisions (prepaid premiums, claims
payable, etc.) when with related parties (e.g., a “captive” insurance affiliate).

This U.S. affiliate
see page 4 for diagram description

• DO NOT net payables and receivables.
• DO NOT net interest expense against interest income.
• REPORT quarterly interest expense and income (not year to date) on an accrual basis.

Please see the diagrams above and on page 4 to identify the foreign parent and the foreign affiliates of the foreign parent (FAFP).
• REPORT payables and any associated interest expense with the foreign parent in question 18  A and payables and any
associated interest expense with FAFP in question 22 (country detail is required); do not duplicate data in both questions.
• REPORT receivables and any associated interest income with the foreign parent in question 20  A and receivables and any
associated interest income with FAFP in question 23 (country detail is required); do not duplicate data in both questions.

18 What were the total short- and long-term payable balances owed by the U.S. affiliate to the affiliated foreign group, and
the related interest expense?
TOTAL short- and long-term payables
Payable/expensed to:

Beginning of
quarter
$ Bil.

Mil.

Thou.

End of quarter
Dols.

024.2

A. Foreign parent
156.3

C. TOTAL for affiliated foreign group

270.3

(  18  A +  18  B)

$ Bil.

Mil.

Thou.

Current quarter
Dols.

024.1

$ Bil.

Mil.

Thou.

Dols.

018.1

000

B. Foreign affiliates of the foreign parent (FAFP)
(total for 22  A–Z)

Interest expense

000
156.2

000
156.4

000

000
270.2

000
270.4

000

000

000

19 For the end of quarter balance reported
in 18  C, provide the amounts that are
denominated in:
(Report in thousands of U.S. dollars)

$ Bil.

Mil.

Thou.

Dols.

278

A. U.S. Dollars

000
279

B. Euro

000
280

C. Yen

000
281

D. Other
FORM BE-605 (Rev. 03/31/2021)

000

Page 9

Part IV – Payable and Receivable Balances, and Interest, Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
20 What were the total short- and long-term receivable balances owed to the U.S. affiliate by the affiliated foreign group,
and the related interest income?
TOTAL short- and long-term receivables
Receivable/income from:

Beginning of
quarter
$ Bil.

Mil.

Thou.

End of quarter
Dols.

025.2

A. Foreign parent
B. Foreign affiliates of the foreign parent (FAFP)
(total for 23  A–Z)

C. TOTAL for affiliated foreign group

271.3

(  20  A +  20  B)

$ Bil.

Mil.

Thou.

Current quarter
Dols.

025.1

$ Bil.

Mil.

Thou.

Dols.

018.2

000
269.3

Interest income

000
269.2

000
269.4

000

000
271.2

000
271.4

000

000

000

21 For the end of quarter balance reported
in 20  C, provide the amounts that are
denominated in:
(Report in thousands of U.S. dollars)

$ Bil.

Mil.

Thou.

Dols.

282

A. U.S. Dollars

000
283

B. Euro

000
284

C. Yen

000
285

D. Other

000

BEA USE ONLY
001 2

Page 10

FORM BE-605 (Rev. 03/31/2021)

Part IV – U.S. Affiliates’ Payables and Interest Expense to FAFPs
Short- and long-term payables

22 How are the amounts reported in
18  B allocated by country?
1

A. Australia

044
1

B. Brazil

045
1

C. Canada

046
1

D. China

047
1

E. France

048
1

F. Germany

049
1

G. Japan

050
1

H. Mexico

051
1

I. Netherlands

052
1

J. Singapore

053
1

K. Switzerland

054

L. United Kingdom

1
055

601
202
100
650
307
308

$ Bil.
3
3

057

O.

058

P.

059

Q.

060

R.

061

S.

062

T.

063

U.

064

V.

065

W.

066

X.

067

Y.

068
155

Dols. $ Bil.
2

319
625
325
327

Thou. Dols.

000
000

2

000

000

3

000

000

000

000
000
000
000
000

000

000
000

000

1

000

000

1

000

000

1

000

000

1

000

000

000

000

1

000

000

709

000
4

2

3

000
4

2

3

000
4

2

3

1

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

000

1

000
4

2

3

000
4

2

000

1

000
4

2

3

000
4

2

000

1

000
4

2

3

000
4

2

000

1

000
4

000

000

3

000
4

2

3

000

000

000
3

000
4

2

3

000
4

000
2

000

000

4

000

000
3

000

4

2

3

1

000

2

000

000

000
4

000

000

Thou. Dols.

000

000
2

Mil.

4

2

3

4

000

000
3

$ Bil.
4

4

2

3

1

000

2

000
3

000

2

3

614
213

Mil.

000

1

Z. Unallocated*

Thou.

3

056

N.

Mil.

Current quarter

End of quarter

3

1

Other countries - Specify

M.

Beginning of quarter

Interest expense

000
4

000

000

Continue listing onto as many copied pages as needed.

*Unallocated – Combine values for countries which individually amount to less than $500 thousand.

FORM BE-605 (Rev. 03/31/2021)

Page 11

Part IV – U.S. Affiliates’ Receivables and Interest Income from FAFPs
Short- and long-term receivables

23 How are the amounts reported in
20  B allocated by country?
A. Australia
B. Brazil
C. Canada
D. China
E. France
F. Germany
G. Japan
H. Mexico
I. Netherlands
J. Singapore
K. Switzerland
L. United Kingdom

1
157
1
158
1
159
1
160
1
161
1
162
1
163
1
164
1
165
1
166
1
167
1
168

Other countries - Specify

M.
N.
O.
P.
Q.
R.
S.
T.
U.
V.
W.
X.
Y.
Z. Unallocated*

Beginning of quarter

601
202
100
650
307
308
614
213
319
625
325
327

$ Bil.
3

Thou.

Dols. $ Bil.
2

Mil.

Thou. Dols.

000
000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

000

1

3

000

1

3

1

3

1

3

1

3

1

3

1

3

1

3

1

3

1

3

1

3

1

3

1

3

000
000
000
000
000
000
000
000
000
000
000
000

000
4

000
2

000

709

000
4

2

000

181

000
4

2

000

180

000
4

2

000

179

000
4

2

000

178

000
4

2

000

177

000
4

2

000

176

000
4

2

000

175

000
4

2

000

174

000
4

2

000

173

000
4

2

000

172

000
4

2

000

171

000
4

2

000

170

000
4

2

000
3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

2

3

000
4

000
2

000

Thou. Dols.

000

000

000

Mil.

4

2

3

$ Bil.
4

000
2

3

1

Current quarter

End of quarter

3

169

268

Mil.

Interest income

000
4

000

000

Continue listing onto as many copied pages as needed.

*Unallocated – Combine values for countries which individually amount to less than $500 thousand.

Page 12

FORM BE-605 (Rev. 03/31/2021)

Part V – Quarterly Change in the Foreign Parent’s Share of the U.S. Affiliate’s
Capital Account (if Incorporated) or Equity (if Unincorporated)
24 During the quarter indicated in 2 , was there a change in the foreign parent’s share of the U.S. affiliate’s capital
account (if incorporated) or equity (if unincorporated)?
043

 Yes
2  No – SKIP to

1 1
1

Part VI , 29 .

Report in 25 or 26 the transaction value (i.e., market value) of consideration given or received.
Unincorporated U.S. affiliates must report the foreign parent’s share of any increase (decrease) in the U.S. affiliate’s equity (or home
office account), arising from its transactions with the foreign parent, excluding amounts reported in Part III or Part IV .
Include in 25 and 26 changes caused by:
• Treasury stock transactions with the foreign parent and liquidating dividends;
• Capitalization of intercompany debt (report the amount of debt converted to equity as the transaction value
of the equity increase in 25  C), and adjust the debt balance as appropriate in Part IV , 18  A;
• Purchase or sale of capital stock by the foreign parent from or to the U.S. affiliate;
• Change in capital of the U.S. affiliate owned by the foreign parent that did not result from a change of stock issued.
Exclude from 25 and 26 changes caused by:
• Carrying net income (loss) to the equity account (i.e., retained earnings);
• Dividends/earnings distributed and stock dividends. Report in Part III , 13  D or 13  E;
• Balance sheet translation adjustments. Report in Part III , 13  C;
• The effect of treasury stock transactions with persons other than the foreign parent;
• Reorganizations in capital structure that do not affect total equity;
• Investments that are written off. Report in Part III .

Current Quarter

25 What is the increase in the foreign parent’s equity interest in the U.S. affiliate due to:
A. Establishment of the U.S. affiliate or acquisition (partial or total) of an equity
029
interest in this U.S. affiliate by the foreign parent from other foreign persons?. . . . . . . . . . . . . . . . . .
What are the amounts (e.g., goodwill) by which the
transaction value:

$ Bil.
2

Mil.

903
I. Exceeds the value carried on the books of the U.S. affiliate?. . . . . . . . . . .

Thou.

$ Bil.
1

Mil.

Thou.

Dols.

000

Dols.

000
3

903
II. Is less than the value carried on the books of the U.S. affiliate?. . . . . . . .

000

B. Acquisition (partial or total) of an equity interest in this U.S. affiliate by the foreign
028
parent from other U.S. persons?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

C. Capital contributions and other transactions by the foreign parent to the U.S.
026
affiliate?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000
000

26 What is the decrease in the foreign parent’s equity interest in the U.S. affiliate due to:
A. Liquidation or sale (partial or total) of an equity interest in this U.S. affiliate by the
031
foreign parent to other foreign persons?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
What are the amounts (e.g., goodwill) by which the
transaction value:

1

000

4

000

903
I. Exceeds the value carried on the books of the U.S. affiliate?. . . . . . . . . . .
5

II. Is less than the value carried on the books of the

903
U.S. affiliate?. . . . . . . .

000

B. Sale (partial or total) of an equity interest in this U.S. affiliate by the foreign parent
030
to other U.S. persons?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000
1

C. Return of capital and other transactions from the U.S. affiliate to the foreign

27 What is the total change in the foreign parent’s equity interest in the U.S. affiliate
032
from the prior quarter? Sum of ( 25  A +  25  B +  25  C) minus ( 26  A +  26  B +  26  C). . . . . . . . . . . . . . . .
FORM BE-605 (Rev. 03/31/2021)

000

027
parent?. . . . . . . . . . . . . .
1

000
Page 13

Part VI – Selected Annual Information
COMPLETE THIS SECTION ONCE A YEAR, NO LATER THAN THE SECOND FILING following the close of the financial reporting
year. For example, if the U.S. affiliate’s books annually close on September 30th, this section must be completed for the report due
within 30 days after the close of the first calendar quarter (that is, by April 30th).
• If this is an initial report, complete as of the ending date of the quarter indicated in 2 .

Month

Day

Year

1
034
28 What is the U.S. affiliate’s fiscal year (or, if initial report, quarter) ending date? . . . . . . . . . . . . . . .

29 What is the percentage of the foreign parent’s direct equity ownership
035
interest in the U.S. affiliate? Enter to a tenth of one percent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

___._%

Foreign Parent’s Share of the U.S. Affiliate’s Annual Net Income (Loss)
30 What is the foreign parent’s direct equity in the consolidated U.S. affiliate’s
annual net income (loss) after provision for U.S. federal, state, and local
036
income taxes?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31 What is the foreign parent’s share of certain gains (losses) including
unusual and nonrecurring items, net of taxes:

$ Bil.
1

Mil.

Thou.

Dols.

000

1
037

000

A. Included in net income in item 30 (refer to instructions for 13  B1 on page 6)?. . . . . . . . . . . . . . . . .

B. NOT included in net income in 30 , but taken to other comprehensive income
038
(refer to instruction for 13  B2 on page 6)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

32 What is the foreign parent’s share of the CHANGE in the translation adjustment
338
account during the year? (refer to instructions for 13  C on page 7). . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000
000

Foreign Parent’s Share of the U.S. Affiliate’s Owner’s Equity at Year End
33 As of the date shown in item 28 above, what is the foreign parent’s direct share
of the consolidated U.S. affiliate’s:

$ Bil.
1

Mil.

Thou.

Dols.

000

042
A. Total equity? Equals the sum of 33  B + 33  C + 33  D, if incorporated.. . . . . . . . . . . . . . . . . . . . . . .
1

B. Capital stock, preferred stock, and additional paid-in capital, if

039
incorporated?. . . . . . . . . . . . . . . . . . .

000
1

040
C. Retained earnings (deficit), if incorporated?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D. All other components including translation adjustment, other comprehensive
041
income (loss) and noncontrolling minority interest?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000
1

000

001

BEA USE ONLY
3

Page 14

FORM BE-605 (Rev. 03/31/2021)

Part VII – Claim for Exemption
34 The U.S. affiliate, as consolidated, is exempt from filing a BE-605 report if ANY ONE of the conditions specified in
statements A–E below applies. Check the statement that applies and complete ALL adjacent answer boxes.
• Only file exemption claim once. Exemption is valid until this U.S. affiliate exceeds exemption values in A, if organization
structure changes to meet reporting requirements, or if direct foreign ownership increases to 10% or more.
• If claiming exemption under B or C, please provide an organization chart.
A01
1

A.  This U.S. affiliate is exempt because ALL of the items below (not just the foreign parent’s share) were less than or
equal to $60 million (positive or negative) during the affiliate’s last four fiscal quarters. If 12 months of data are not
available, give full-year projections.
$ Bil.

Mil.

Thou.

000

A11
Total assets – DO NOT net against liabilities. . . . . . . . . . . . . .

2

Dols.

A12
Sales or gross operating revenues, excluding sales taxes. . . .

000

Net income (loss) after provision for U.S. federal, state,
A13
and local income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

A14

12-month
period ended
m m / d d /yyyy

B.  This U.S. affiliate was consolidated, merged into, or reorganized into the BE-605 report for another U.S. affiliate.
Company name and address:
A20

BEA ID number of above named U.S. affiliate (or contact person name and telephone number):

A22

Date of change
m m / d d /yyyy

A21

3

C.  This U.S. affiliate is indirectly foreign owned through another U.S. affiliate AND has no Part IV transactions with the
foreign parent(s) or any of its (their) foreign affiliates.
Company name and address:
A23

BEA ID number of above named U.S. affiliate (or contact person name and telephone number):

Date this U.S. affiliate
became indirectly owned
m m / d d /yyyy
A25

A24

4 D.

 The foreign parent’s voting interest in this U.S. business enterprise was (check ANY ONE that applies and provide date):
A02
1 1.

 Sold to a U.S. entity that does not have foreign ownership of 10 percent or more.
Acquiring company name:
A33

$ Bil.

Mil.

Thou.

Dols.

A31

Date
m m / d d /yyyy

A34

Date
m m / d d /yyyy

A38

Date
m m / d d /yyyy

A32

000

Approximate sale value: . . . . . . . . . . . . . . . . . . . . . . . . .
2

2.  Liquidated/dissolved.

$ Bil.

Thou.

Dols.

000

Amount returned to the foreign parent?. . . . . . . . . . . . . .
3

Mil.

A35

3.  Diluted. The foreign parent’s total voting interest in this U.S.
affiliate is below the 10 percent threshold required to file.

A39

New percentage of ownership for foreign parent?. . . . . . . . . . . .

%

(continued on next page)
FORM BE-605 (Rev. 03/31/2021)

Page 15

Part VII – Claim for Exemption
5

E.  This U.S. business enterprise was identified by BEA as required to file a BE-605 survey form and ALL of the following
three statements apply:
1) The U.S. business enterprise is a private fund,
2) The private fund does not own, directly or indirectly through another business enterprise, an “operating company”
– i.e., a business enterprise that is not a private fund or a holding company – in which the foreign parent owns at
least 10 percent of the voting interest, AND
3) If the foreign parent owns the private fund indirectly (through one or more other U.S. business enterprises), there
are no U.S. “operating companies” between the foreign parent and the indirectly-owned U.S. private fund.
The foreign investment in the U.S. private fund may be required to be reported on Treasury International Capital (TIC)
Surveys, review reporting requirements for TIC surveys at www.treasury.gov/tic.
For more information regarding private funds visit www.bea.gov/privatefunds.

Notes

Page 16

FORM BE-605 (Rev. 03/31/2021)

Survey Information
Purpose – Reports on this form are required to provide reliable and up-to-date information on foreign direct investment in
the United States for inclusion in the U.S. international transactions accounts and the national income and product accounts.
Authority – This survey is being conducted under the International Investment and Trade in Services Survey Act (P.L. 94-472,
90 Stat. 2059, 22 U.S.C. 3101-3108, as amended), and the filing of reports is MANDATORY pursuant to Section 5(b)(2) of the
Act (22 U.S.C. 3104). All persons contacted by BEA in writing must respond pursuant to section 801.3 of 15 C.F.R. pt. 801 and
the survey instructions.
Confidentiality – The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for analytical
or statistical purposes. Without your prior written permission, the information filed in your report CANNOT be presented in
a manner that allows it to be individually identified. Your report CANNOT be used for purposes of taxation, investigation, or
regulation. Copies retained in your files are immune from legal process.
Penalties – Whoever fails to report may be subject to a civil penalty not less than $2,500, and not more than $32,500, and
to injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined not more than
$10,000 and, if an individual, may be imprisoned for not more than one year, or both. Any officer, director, employee, or agent of
any corporation who knowingly participates in such violation, upon conviction, may be punished by a like fine, imprisonment, or
both. (22 U.S.C. 3105). The civil penalties are subject to inflationary adjustments. Those adjustments are found in 15 CFR 6.4.
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to a
penalty for failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act,
unless that collection of information displays a currently valid OMB Control Number.
Respondent Burden – Public reporting burden for this collection of information is estimated to average 1 hour per response,
including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and
completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of
this collection of information, including suggestions for reducing this burden, to: Director, Bureau of Economic Analysis (BE-1),
U.S. Department of Commerce, 4600 Silver Hill Rd, Washington DC 20233; and to the Office of Management and Budget,
Paperwork Reduction Project 0608-0009, Washington DC 20503.
Retention of copies: Retain a copy of filed reports for 3 years beyond the report’s original due date.
Retroactive reports – Quarterly reports for a year may be required retroactively when it is determined that the exemption
level has been exceeded. If a U.S. affiliate’s total assets, sales, or net income (loss) exceed the exemption level in a given
year, it is deemed that the exemption level will also be exceeded in the following year. A U.S. affiliate claiming exemption
must complete the Claim for Exemption, giving the levels of total assets, sales, and net income (loss).

CONTACT INFORMATION
Provide information of person to consult about this report:
801 Name
0
806 Street 1
0

Telephone Number

807 Street 2
0

Fax Number

802_0

803_0

808 City
0

State

Zip

Extension

—)

— — — - — — — —

(—

—

(—

— —) — — — - — — — —

E-mail Address
810_0

NOTE: BEA uses a Secure Messaging System to correspond with you via encrypted message to discuss questions relating to this form. We may use
your e-mail address for survey-related announcements and to inform you about secure messages. When communicating with BEA by e-mail, please do
not include any confidential business or personal information.

CERTIFICATION
The undersigned official certifies that this report has been prepared in accordance with the applicable instructions, is complete, and is
substantially accurate including estimates that may have been provided.
Signature of Authorized Official

809 Name
0

FORM BE-605 (Rev. 03/31/2021)

Date

Telephone Number

Title

Fax Number

804_0

805_0

—)

— — — - — — — —

(—

—

(—

— —) — — — - — — — —

Extension

Page 17

Definitions
Affiliate means a business enterprise located in one country that is directly or indirectly owned or controlled by an entity of
another country to the extent of 10 percent or more of its voting stock for an incorporated business or an equivalent interest
for an unincorporated business, including a branch.
Affiliated foreign group means (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign parent’s ownership
chain, that owns more than 50 percent of the entity below it up to and including that entity which is not owned more than
50 percent by another foreign entity, and (iii) any foreign entity, proceeding down the ownership chain(s) of each of these
members, which is owned more than 50 percent by the entity above it.
Banking covers business enterprises engaged in deposit banking or closely related functions, including commercial banks,
Edge Act corporations engaged in international or foreign banking, foreign branches and agencies of U.S. banks whether or
not they accept deposits abroad, U.S. branches and agencies of foreign banks whether or not they accept domestic deposits,
savings and loans, savings banks, bank holding companies, and financial holding companies under the Gramm–Leach–Bliley
Act. (U.S. branches of foreign banks are U.S. entities; conversely, foreign branches of U.S. banks are foreign entities.)
Branch means the operations or activities conducted by an entity in a different location in its own name rather than through
an incorporated entity.
Business enterprise means any organization, association, branch, or venture that exists for profit making purposes or to
otherwise secure economic advantage, and any ownership of any real estate.
Direct investment means the ownership or control, directly or indirectly, by one investor of 10 percent or more of the voting
securities of an incorporated business enterprise or an equivalent interest in an unincorporated business enterprise.
Entity (as used here, “entity” is synonymous with “person,” as that term is used in the broad legal sense) means any
individual, branch, partnership, associated group, association, estate, trust, corporation, or other organization (whether or not
organized under the laws of any state), and any government (including a foreign government, the United States Government,
a state or local government, and any agency, corporation, financial institution, or other entity or instrumentality thereof,
including a government-sponsored agency).
Finance industry is comprised of businesses engaged in financial transactions (transactions involving the creation,
liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Finance industry activities
include the raising of funds by taking deposits and/or issuing securities, and in the process, incurring liabilities, and providing
specialized services facilitating, or supporting, financial intermediation.
Foreign, when used in a geographic sense, means that which is situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
Foreign affiliate of the foreign parent means, with reference to a given U.S. affiliate, any member of the affiliated foreign
group (see definition above) that is not a foreign parent of the affiliate.
Foreign direct investment in the United States means the ownership or control, directly or indirectly, by one foreign
investor of 10 percent or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in
an unincorporated U.S. business enterprise, including a branch or partnership.
Foreign parent is the FIRST entity incorporated outside the United States, proceeding up a chain of ownership, that has 10
percent or more voting interest (direct or indirect) in this U.S. affiliate.
Partnerships are either classified as general or limited. The determination of percentage of voting interest for either is based
on who controls the partnership. A general partnership consists of at least two general partners who together control the
partnership; unless a clause to the contrary is contained in the partnership agreement, a general partnership is presumed
to be controlled equally by both partners. A limited partnership consists of at least one general and one limited partner.
The general partner usually controls a limited partnership, and therefore, has 100 percent voting interest in the partnership.
Limited partners do not normally exercise any control, and unless a clause to the contrary is contained in the partnership
agreement, are presumed to have zero voting interest in the partnership.
Private fund refers to the same class of financial entities defined by the Securities and Exchange Commission as private
funds on Form PF: “any issuer that would be an investment company as defined in section 3 of the Investment Company Act
of 1940 but for section 3(c)(1) or 3(c)(7) of…[that] Act.”
Ultimate beneficial owner means the foreign entity proceeding up the ownership chain, beginning with and including the
foreign parent, that is not more than 50 percent owned by another entity.
United States, when used in a geographic sense, means the 50 states, the District of Columbia, the Commonwealth of
Puerto Rico, and all territories and possessions of the United States.
U.S. affiliate means a business enterprise located in the United States in which a foreign entity has a direct investment.
Voting interest is the percent of ownership in the voting securities of an incorporated business enterprise or an equivalent
interest in an unincorporated business enterprise, including a branch or partnership.
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FORM BE-605 (Rev. 03/31/2021)