offshore

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Offshore

Describing an institution, especially a bank, that exists in a foreign country. Colloquially, the term refers to institutions that exist in known tax havens. Individuals and companies use offshore accounts to avoid or evade taxes in their home countries. As a result, some emerging financial centers have objected to being called "offshore," asking for parity with the developed financial world.

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.
References in periodicals archive ?
042111672672 established for overseas Pakistanis where they could get register their complaints.
The Cabinet Office and Foreign and Commonwealth Office are supporting the Electoral Commission's campaign to raise awareness of voter registration among British residents overseas in the run up to the general election.
Chapter 8 introduces the regulations for application for imported medical device recordation, which is applicable to Class I imported overseas medical devices.
In November last year, Cathay Life was approved to raise its overseas investment ratio to 45%, obliging it to increase overseas investments by between NT$130 billion and NT$140 billion, but enabling the insurer to generate earnings of between NT$5 billion and NT$6 billion yearly.
Journalists wishing to cover the elections overseas should contact the relevant diplomatic mission overseas.
In the case of a discrepancy where a Sailor reports to an overseas command, "The family can be uprooted on short notice.
He informed the community that the Ministry is working to reserve seats for the overseas Pakistanis in the parliament and to grant them the right to cast their votes during polls.
These cameras can be priced at a premium until the overseas competitors introduce similar lower-priced models.
As primary agent, KNSL will provide support services in Japanese and English to overseas sales companies, 24 hours a day, 365 days a year.
In fact, in 2002, one of his clients actually did farm out a contract overseas, he says.
Many organizations are operating internationally unwittingly, simply by buying from foreign suppliers, employing overseas labor or selling to distributors with contacts and outlets outside the U.