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 its revision, the central bank has allowed local companies to take loans from OBUs at LIBOR plus 3.5 percent.
The government claimed Obus received the information and some two weeks later he made the trades.
In the WAVE unicast services, each ITS server must track the addresses of OBUs. Hence, a mobility management technique is also necessary for tracking.
Obus released Strauss-Kahn on his own recognizance on July 1 after he had been under strict house arrest.
Sorprendido por el obus respondon, Rutherford aventuro una hipotesis imaginativa y sensata (a saber: que la carga electrica positiva del atomo debia estar concentrada en un nucleo minusculo, de modo que al aproximarse algunas pocas particulas alfa --los obuses--, positivamente cargadas tambien, tenian que salir rebotadas por la repulsion electrica).
Allen (advanced massage techniques, Obus School of Healing Therapies) offers an outline of basic massage business practices for students and new practitioners.
" The market for on-board units (OBUs) installed in vehicles being charged under road-toll systems will grow significantly over the next five years to ensure compliance with EU standards for interoperability.
According to figures provided by Integral Orthopedics, the producers of the Obus Forme line of back-support products, an estimated 80 percent of the general adult population suffers from chronic and, at times, severe back pain.
Judge Michael Obus waived Rhymes' pounds 2,000 bail.
TORONTO -- As evidenced by new distribution deals with two of the largest drug chains in North America, Obus Forme Ltd.
Offshore banking units (OBUs) allow corporations, government agencies and high-net-worth individuals to move monies between third-party destinations.
Flaws identified by the study include lack of sufficient risk assessments in offshore banking units (OBUs).