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 ?
Qualified to register as overseas absentee voters are Filipino citizens who expect to be abroad from April 13 to May 13, 2019 during the overseas voting period for the 2019 polls.
In the section on regions and countries, combined with soft power theory, the authors choose overseas Chinese in the United States, Europe and Southeast Asia as cases to analyze their great contributions to China's growth of soft power, since those three countries and regions are not only the most concentrated residential areas for overseas Chinese, but are also the most influential and typical regions through which one can analyze China's soft power buildup.
4 percentage points in Taiwan, only half that recorded by of the banks' overseas branches.
Easing regulations on PEF's investment in overseas M&A
The implementation of Japan's Personal Information Protection Law has spurred the introduction of measures to enhance information security management in Japan and demand for security measures is growing among overseas branches and subsidiaries.
In fact, in 2002, one of his clients actually did farm out a contract overseas, he says.
producers that don't have access to a sophisticated treasury management function that hedges foreign currency exposures, the currently weak dollar is an important driver in a decision to expand overseas.
Before and during the recent Afghanistan and Iraq conflicts, DoD policy called for TRANSCOM to deliver supplies and troops into overseas combat theaters, leaving responsibility to reorder and transport supplies for frontline units to combat commanders, Dail said.
I would never have known how our country is really viewed both the positives and the negatives had I not been serving overseas for the last two turbulent years.
81 million manufacturing jobs lost have reappeared overseas, while productivity advancements account for most of the jobs lost, some are reporting the work sent overseas was enough to raise the unemployment figures by 0.
The Overseas Petroleum Corp, the largest shareholder in JODCO after JNOC, filed a class action lawsuit against President Nonouchi and seven other Board Members of JODCO over their failure to consult the board before changing payment arrangements with the UAE.