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.
The government claimed Obus received the information and some two weeks later he made the trades.
Obus released Strauss-Kahn on his own recognizance on July 1 after he had been under strict house arrest.
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.
TORONTO -- As evidenced by new distribution deals with two of the largest drug chains in North America, Obus Forme Ltd.
OBUs are also used to safeguard funds by placing them beyond national jurisdiction.
Contract notice: acquisition of class ix spare parts of obus ligth gun.
Une grenade, un fusil d'assaut type Kalachnikov et deux boites chargeurs, des balles de munition, un sac a dos contenant des elements electriques servant a la fabrication d'un obus ou des ceintures explosives ont ete saisis.
Il y a eu egalement [beaucoup moins que] la recuperation de 20 pistolets-mitrailleurs de type kalachnikov, 2 fusils semi-automatiques de type Simonov, un mortier de calibre 60 mm avec 10 obus, une mitrailleuse de calibre 12,7 mm, un fusil a pompe, 4 obus pour RPG-2, une importante quantite de munitions de differents calibres, 23 chargeurs pour munitions, 20 grenades, trois ceintures explosives, des outils de detonation, 7 paires de jumelles et 23 telephones portables [beaucoup plus grand que].
The New York Times also quoted Obus, saying to SEC lawyers shortly after the verdict, "If you had been doing your job this never would have happened.
Obus, manager of Wynnefield Capital, a New York hedge fund, began this week in a New York City courtroom in connection with insider trading allegations.