Offshore finance subsidiary

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Offshore finance subsidiary

A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business.

Offshore Finance Subsidiary

A wholly-owned subsidiary that exists in a foreign country, especially a tax haven. An offshore finance subsidiary issues stocks and bonds on behalf of the parent company outside the jurisdiction of the home country. The issues will therefore be subject to fewer regulations and perhaps also less scrutiny.
References in periodicals archive ?
24) Like the IWW, the OBU was not as vitiated as the limited historiography suggests.
OBU starts up: When a taxi driver starts providing any service this module is triggered.
I taught two classes of senior OBU nursing students.
No financial entity has yet applied to establish such an OBU in any of the five free trade zones.
Cyprus has won a waiver which will permit its OBU financial sector to continue, although recent reports suggest the Cypriot Central Bank will cooperate with account disclosure requests in cases involving serious criminal charges (including tax evasion).
I returned to my teaching position at OBU in the fall of 1996, while continuing to serve as interim executive director of the commission until its dissolution and also as executive director of the society.
The Port Glasgow OBU are holding a 90th anniversary dinner in the Town Hall on November 8.
Holsclaw, who has been at OBU since 1985, has served eight years as dean but will now return to teaching and directing full time, in addition to serving as chairman of the university's Division of Applied Arts, which includes visual arts and theater.
com)-- Unex Technology Corporation, the innovative V2X solution provider, announced the shipment of V2X On-Board-Unit, a standalone V2X OBU with embedded ETSI TC-ITS or IEEE 1609.
The central bank has issued an offshore banking license to the Industrial Commercial Avtovazbank, making it the seventh Russian OBU in Cyprus.
Christophers, the OBU mine organizer from Alberta who made a valiant effort to organize the miners but was ultimately defeated by the murderous violence of the employers abetted by the Saskatchewan provincial police.
Among the global OBU heavyweights are Citigroup, Bankers Trust, JP Morgan Chase & Co (after the recent merger), Chemical Bank, Hong Kong Shanghai Banking Corp, (HSBC), Standard Chartered, BNP Paribas, Credit Suisse First Boston, United Bank of Switzerland (UBS), ABN Amro and Bank of Tokyo-Mitsubishi Ltd.