Offshore finance subsidiary(redirected from Off-Shore Bank 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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved