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 ?
Indian Overseas Bank (IOB) has said that it is expecting to report profits.
Singapore-based United Overseas Bank (UOB) has announced that it has opened its first branch in Hanoi.
Agra (Uttar Pradesh) [India] May 30( ANI ): A monkey on Wednesday snatched a bag full of two lakh rupees from a father and daughter at the entrance of Indian Overseas Bank at Dhankaran intersection in Navi's mandi in Agra.
We are pleased to add Indian Overseas Bank to our list of Ranger partners, and look forward to supporting them in their quest to provide outstanding service to their own customers.
According to Jean-Pierre Lambert, an analyst at Keefe, Bruyette & Woods who was quoted by Reuters, the Asian arm may account for between EUR10bn (USD13.3bn) and EUR12bn of assets under management.Country: SingaporeSector: Banking/Financial ServicesTarget: SocGen's Asian private banking armBuyer: Standard Chartered Bank Plc, United Overseas Bank Ltd, DBS Group Holding LtdVendor: Societe Generale SA (SocGen)Type: DivestmentStatus: Speculation, AuctionComment: A deal could fetch at least USD600m according to Reuters.
Singapore's United Overseas Bank (U11.SG) (OTCBB: UOVEY) has said that it is planning to sell a three- year bond worth AUD300m at 95 to 98 basis points over the Bank Bill swap rate, Dow Jones has reported citing a person familiar with the proposed deal.
Ho: There is no different in job satisfaction among employees in Indian overseas bank based on gender.
United Overseas Bank Limited (United Overseas Bank) (U11.SG), a Singapore-based bank, has signed a contract to offer USD40m loan to Nhon Trach 2 Power Joint Stock Company, the Dau Tu newspaper has reported.
Global Banking News-August 23, 2019--Indian Overseas Bank expecting to report profits
M2 EQUITYBITES-August 23, 2019--Indian Overseas Bank expecting to report profits
21 (ANI): Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).

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