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 ?
But the data also reveals the number of overseas companies with a foot in our area, some of them are based in tax havens.
Nissan Motor Company (NASDAQ: NSANY)(TYO: 7201), a Japan-based automaker, is in discussion with Panasonic Corporation and overseas companies including Chinese firms, over the possible sale of its controlling stake in a car battery manufacturing venture, NDTV has reported citing sources.
The reason for the investment move is that many of these overseas companies are reporting serious losses, including IHMS, Inc, the US arm, and Taj International in Hong Kong.
Iran has accused Washington of going against the spirit of the deal reached in November by adding a dozen overseas companies and individuals to its blacklist for evading sanctions imposed on Tehran over its controversial nuclear programme.
According to data on the Center's website, one new company was registered with a capital of BD 500,000, three companies with BD 250,000 each, eight companies with BD 50,000 each, one company with a capital of BD 30,000, one company with a capital of BD 28,000, thirteen companies with BD 20,000 each, two companies with BD 10,000 each, thirteen companies and three branches of overseas companies with capital of BD 460,000 last week.
THE agency assisting overseas companies locating in the UK is encouraging businesses to join an initiative to boost trade opportunities for the country.
Apprehensions have been expressed that the economic activity will suffer as overseas companies will be discouraged to do business with Pakistan.
As things stand, overseas companies looking to invest in jobs in the UK are more likely to choose Scotland than any other part of the country.
The oil and gas tax, ranging from 5 to 10 percent of sales, will be levied on both domestic producers and joint ventures with overseas companies, the Chinese Ministry of Finance said in a statement.
Until now, overseas companies operating in the country were allowed to use the services of foreign banks as the banking system was considered to be at the development stage.
Investment by overseas companies last year rose 17.
We also expect to see more overseas companies coming to list on Hong Kong Stock Exchange.

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