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 ?
Overseas banks are currently operated as branches of a holding company incorporated elsewhere.
Due to the intensified regulatory scrutiny, the lender is carrying out an internal review, and it is most likely that it will curb its business relationship with some overseas banks.
Ho: There in no different in job satisfaction among employees in Indian overseas banks based on Age.
By 1913 there were some thirty-one British overseas banks in existence, with assets of [pounds]366 million and a branch network numbering 1,387.
Overseas banks have been by and large immune to the problems confronting U.

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