1. A subsidiary company that is controlled by a parent company but does not actively conduct business operations; a shell subsidiary or holding company established for legal, tax, or regulatory purposes
The corporation established a passive subsidiary in a tax haven to hold intellectual property rights.
A corporação estabeleceu uma filial passiva em um paraíso fiscal para deter direitos de propriedade intelectual.
2. In corporate law, a subsidiary entity with minimal operational activity, primarily used for investment holding or legal structuring rather than active business management
The group's passive subsidiary serves as an investment vehicle for the parent company's portfolio.
A filial passiva do grupo funciona como um veículo de investimento para a carteira da empresa-mãe.