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 ?
In May 2014, Wynnefield and Obus, among others, beat the SEC on all counts in a civil enforcement case, capping a 12-year battle.
Last year, Sweden went ahead with its kilometre-tax tolling system, again compatible with both DSRC and Galileo and--they hope--compatible with the forthcoming EETS OBUs.
This is the reason Conair joined forces with Integrated Orthopedics in March to market and distribute Obus Forme products to U.
This is borne out by the massive growth in VPS OBUs from 8,000 units in 2003 to 500,000 units in 2004.
In addition, ongoing concerns over civil unrest in Bahrain, Lebanon and Palestinian territories will continue to prompt capital flight via OBUs.
Une source de securite egyptienne a declare sous le couvert de l'anonymat que les missiles ne pouvaient etre tires depuis le Sinai etant donne que les obus en question ne sont pas de longue portee.
Last year FSC started to allow OBUs and overseas branches of Taiwanese banks to operate renminbi (RMB)-based businesses, with promising revenues posted this year by Mega International Commercial Bank, Chinatrust Commercial Bank, First Bank and Cathay United Bank.
Judge Michael Obus set bail for Strauss-Kahn, once seen as a French presidential hopeful, at $1million.
Nelson Obus, General Partner of the Wynnefield Group, said, "We are very pleased that Crown Crafts has accepted this amicable compromise, which demonstrates Wynnefield's commitment to seek conciliatory avenues to resolve the serious concerns we have had about the company's governance and performance.
Jurors began their talks after hearing more than five months of arguments and testimony and a morning of instructions from state Supreme Court Justice Michael Obus.
The Bahrain Monetary Agency (BMA) says the number of OBUs also declined from 52 to 47.
This new OBU is fully interoperable with all existing IAG equipment, meaning that the extensive array of IAG deployed readers will read these new OBUs without any modifications.