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 ?
To study whether the job satisfaction based on experience among employees in Indian overseas bank.
Last year, Indian Overseas Bank postponed a medium-term notes issue due to the subdued capital market that was affected by concerns for a US recession.
United Overseas Bank operates via a network of over 500 branches in 19 countries and territories in Asia Pacific, Western Europe and North America.
Indian Overseas Bank saw its net profit dip 53% on the year to INR1.
NASDAQ: FECC, BSX: FECC, FECC BH), a company with interests in gas and oil exploitation and electronic payment solutions today announced that United Overseas Bank (Malaysia) Bhd (UOBM) has signed a payment processing agreement with its wholly owned subsidiary and payment processing division for Asia, First Ecom Data Services Asia Limited (FEDS Asia).
United Overseas Bank (UOB) is investing USD10m in a partnership with global equity crowdfunding platform, OurCrowd.
Blue Chip Ventures and United Overseas Bank of Singapore
Global Banking News-February 10, 2016--Indian Overseas Bank implements solution for modernising facilities
M2 EQUITYBITES-September 29, 2011--CARE keeps rating on Indian Overseas Bank unchanged(C)2011 M2 COMMUNICATIONS http://www.
BANKING AND CREDIT NEWS-September 29, 2011--CARE keeps rating on Indian Overseas Bank unchanged(C)2011 M2 COMMUNICATIONS http://www.
Global Banking News-December 6, 2010--Indian Overseas Bank raises USD150m via loans(C)2010 ENPublishing - http://www.
NETS was founded in 1985 by five major banks, namely DBS Bank, OCBC Bank Group, Overseas Union Bank, POSBank and United Overseas Bank to operate and manage an online debit payment service.

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