offshore

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offshore

a term used to describe vehicles or institutions based in, or regulated by, the laws of a jurisdiction that either has no tax or low tax for non-locals and that specializes in providing services of a financial or legal nature to persons and businesses ‘onshore’, that is to say, in high-tax jurisdictions. While many such jurisdictions are based on islands, which has brought about the terminology in a literal sense, the littoral location of the investment is irrelevant.
References in periodicals archive ?
HCL will invest in skills development and training programs for employees of the off-shore Centre of Excellence.
New Labour and the Conservatives' failure to honour their Welsh general election manifesto promise in 2011 to increase the 1 MW limit for off-shore and 50 MW for on-shore threshold for planning for energy projects does not help us here in Wales when it comes to planning our future energy needs.
Petrobras currently owns and operates 109 off-shore rigs and the supply of the additional ZERUST FlangeSaver products will help protect several more of the company's off-shore oil production rigs from corrosion damage.
Our specially trained intervention teams are doing a great job and it is really is a niche area of maintenance - we have worked hard to get it right and now we are seeing the benefits of investing our time and efforts into the off-shore sector.
While it is understood that the off-shore capacity will take some time to make a contribution to our energy needs, it would be a disaster for the county if its environment and tourist industry were irreparably damaged now, when a much less damaging alternative is just around the corner.
Kearns was previously a director of Kearns Machine Tools and more recently via an off-shore company, owner of the property occupied by Woolworths in Lichfield.
The move comes amid growing interest in on-line betting and off-shore gambling in particular.
banks to Wall Street and off-shore lenders, and each may offer a different type of loan structure.
Oman Air-Musandam MOD70 2013 race squad: Sidney Gavignet (FRA) off-shore, Thomas Le Breton (FRA) off-shore, Fahad al Hasni (OMA) off-shore, Neal McDonald (GBR) off-shore, Damian Foxall (IRE) off-shore, Gilles Favennec (FRA) off-shore, Mohsin al Busaidy (OMA) and Ahmed al Hassani (OMA).
The State Financial Intelligence Service establishes relations with off-shore companies, Melis Mambetzhanov, Head of the State Financial Intelligence Service, said at the meeting of the parliamentary committee for rule of law and fight against corruption on April 10.
The latest is described as the world's largest off-shore wind farm off the Kent coast.