1. Located or based outside of one's national boundaries. The term offshore is used to describe foreign banks, corporations, investments and deposits. A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations. Offshore financial institutions can also be used for illicit purposes such as money laundering and tax evasion.
2. Offshore can also refer to oil and gas drilling operations that are conducted in the ocean.
Many countries, territories and jurisdictions have offshore financial centers (OFCs). These include well-known centers like
, Switzerland Bermudaand the Cayman Islands, and less-well-known centers like , Mauritius and Dublin . The level of regulatory standards and transparency differs widely among OFCs. Supporters of OFCs argue that they improve the flow of capital and facilitate international business transactions. Belize
Investment dictionary. Academic. 2012.
Look at other dictionaries:
offshore — [ ɔfʃɔr ] adj. inv. et n. m. • off shore 1952; angl. « loin du rivage », de off « loin de, hors de » et shore « rivage » ♦ Anglic. 1 ♦ Programme, commandes offshore : commandes d équipement de l armée américaine passées aux industries du pays où… … Encyclopédie Universelle
Offshore — may refer to: Contents 1 Finance and Law 2 Technology 3 Arts 4 … Wikipedia
Offshore — Off shore , a. 1. From the shore; as, an offshore wind; an offshore signal. [1913 Webster] 2. Located in the waters near the shore; as, offshore drilling. [PJC] 3. Operating or located in a foreign country; as, an offshore bank account; offshore… … The Collaborative International Dictionary of English
offshore — [ôf′shôr′] adj. 1. moving off or away from the shore [an offshore wind] 2. situated or in operation at some distance from shore ☆ 3. engaged in outside the U.S. as by U.S. banks or manufacturers [offshore investments, offshore assembly plants]… … English World dictionary
Offshore — u offshoring es un término del idioma inglés que literalmente significa en el mar, alejado de la costa , pero es comúnmente utilizado en diversos ámbitos para indicar la deslocalización de un recurso o proceso productivo. Contenido 1 Ámbito… … Wikipedia Español
Offshore '97 — / Red Skies Single by Chicane Released 1997 Format CD single … Wikipedia
offshore — a term used to describe vehicles or institutions based in, or regulated by, the laws of a jurisdiction that either has no tax or low tax for non locals and that specialises in providing services of a financial or legal nature to persons and… … Law dictionary
offshore — adj. 2 g. 2 núm. s. m. 2 núm. 1. Diz se da parte da indústria do petróleo que compreende a prospecção, a perfuração e a exploração dos jazigos situados ao largo da costa. 2. Diz se de um estabelecimento bancário estabelecido no estrangeiro e não… … Dicionário da Língua Portuguesa
offshore — ► ADJECTIVE & ADVERB 1) situated at sea some distance from the shore. 2) (of the wind) blowing towards the sea from the land. 3) relating to the business of extracting oil or gas from the seabed. 4) made, situated, or registered abroad. 5)… … English terms dictionary
offshore — A term used to indicate a legal regime outside of the United Kingdom. When an investment centre is offshore it is not subject to UK tax or regulation, including investment protection rules. For example, investments located in offshore centres… … Financial and business terms
offshore — 01. The government has given permission to an oil company to do [offshore] drilling on the west coast of the state. 02. With no direct taxation, the Cayman Islands are a thriving [offshore] financial center. 03. A recent study suggests that an… … Grammatical examples in English