Offshore finance subsidiary

(redirected from Off-Shore Banking Units)

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 ?
The EPZ, they added have also a developed land available at competitive rates for 30 years lease, relief from double taxation subject to bilateral agreement, Off-shore Banking Units available to facilitate financial transactions and Offices of Clearing & Forwarding agents within the zone to investors.
EPZA provides one window operation with simplified procedures, secured environment, customs bonded area , uninterrupted power supply, Gas provided by utility company on priority, continuous water supply by EPZA, environment friendly atmosphere, easy access to seaport and air port, abundance of skilled and educated workforce, developed land available at competitive rates for 30 years lease, relief from double taxation subject to bilateral agreement, Off-shore Banking Units available to facilitate financial transactions and Offices of Clearing & Forwarding agents within the zone to investors.