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 ?
The Reserve Bank of India has imposed a fine of INR20m on Indian Overseas Bank (IOB) (532388.
Chennai (Tamil Nadu) [India], Feb 16 ( ANI ): Indian Overseas Bank on Thursday entered into Trade Receivables Discounting System (TReDS) platform, provided by Receivables Exchange of India Limited (RXIL), to accelerate the credit flow to MSME sector.
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.
Indian Overseas Bank has selected Silver Bullet's Ranger[R] API as its portability strategy for the check truncation software used for branch capture across IOB locations in India, the company said.
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.
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.
India-based public sector lender, Indian Overseas Bank, has said that it has entered into a pact with National Housing Bank to provide housing finance for rural customers.
M2 EQUITYBITES-September 4, 2013--United Overseas Bank taps FlexTrade for global FX trading(C)2013 M2 COMMUNICATIONS http://www.
BANKING AND CREDIT NEWS-September 4, 2013--United Overseas Bank taps FlexTrade for global FX trading(C)2013 M2 COMMUNICATIONS http://www.
Singapore-based United Overseas Bank Limited (SGX:U11), or UOB, the parent of UOBAM, unveiled the deal separately, saying the move would support the growth of the unit's franchise as it aims to convert it into one of Asiaa[euro](tm)s top asset managers.
Global Banking News-April 12, 2011--Indian Overseas Bank to price 5.

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