offshore

Offshore

Located or based outside of one's national boundaries.

Notes:

The term offshore is used to describe foreign banks, corporations, investments, and deposits. A company may move offshore for the purpose of tax avoidance or relaxed regulations.

See also: International Banking Facility, Offshore Mutual Fund

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offshore

Of or relating to a financial organization whose headquarters lies outside the United States. Although offshore institutions must abide by U.S. regulations for operations carried on within the U.S., other activities generally escape domestic regulation.