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 ?
"I remain convinced that Hong Kong has her unique advantages in attracting overseas companies to come to Hong Kong.
Welsh Government economy secretary Ken Skates said: "These latest figures, and the 20% increase in new jobs created in Wales by overseas companies, shows that Wales continues to have a strong record in attracting inward investment.
But the data also reveals the number of overseas companies with a foot in our area, some of them are based in tax havens.
The overseas companies manage over 10 hotels and restaurants worldwide.
Overseas companies will receive pre-establishment national treatment and the current troublesome case-by-case approval system be replaced by "negative list" management, if the new law is passed, according to Xinhua News Agency.
SEVERAL overseas companies are keen to invest in the local market, Bahrain Chamber of Commerce and Industry first deputy chairman Othman Al Rayes said yesterday.
To date, 24 persons have been assisted with training in animation [3D] and discussions with overseas companies to have such done in Barbados.
Summary: Tehran accuses Washington of going against spirit of deal reached by adding dozen overseas companies and individuals to its blacklist.
Eight overseas companies have just been fined for inflicting these versions of computer malware on unwary consumers, jamming their browsers and blocking access to popular sites such as Google and Facebook.
Would we rather have all our power run by overseas companies who can charge what they like?
In addition to business development in Japan, the new company will aggressively promote licensing to overseas companies and the establishment of joint ventures in Korea, China, and other markets.
Manama: May 12 -- (BNA)-- The Bahrain Investors Center has registered 30 new companies with diverse activities and branches for overseas companies, with capital of 2.028 million during the last week.

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