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 global Offshore Lubricants Market is studied in detail in the new report on Wise Guy Research (WGR).
This new Center will be the regional Sales and Project Management office for GE Renewable Energys Offshore Wind business.
The company also runs two offshore devices and an offshore platform and owns a drilling rig in Syria, El Husseiny stated.
"Developing a robust offshore wind industry is a key step to building a stronger, fairer New Jersey economy that provides good jobs and protects our environment for future generations," said Governor Murphy.
The R&D scheme is also exploring how to troubleshoot turbines remotely through advanced digital functionality, to reduce the need to go offshore for unplanned events.
With an established track record for executing complex offshore energy projects requiring stringent operational and safety standards, POSH brings specialised offshore marine expertise and a modern fleet of vessels that are readily transferable to support offshore wind operations.
Chinese offshore growth has been in contrast to its declining onshore installation, which fell by 19% to 18.5GW in 2017, due largely to low utilisation of existing capacity.
All remaining shares in Songa Offshore were transferred to Transocean in accordance with the terms and conditions of the compulsory acquisition.
According to the UK Land Registry record, the majority of flats in Avenfield House are owned by offshore companies incorporated in tax havens like Panama, the British Virgin Islands and Guernsey.
Pursuant to the approvals by the Anhui Bureau of China Banking Regulatory Commission and the China Securities Regulatory Commission in relation to the offshore preference shares proposed to be issued by Huishang Bank Corporation Limited, the Bank has entered into the subscription agreement on 3 November 2016 with the Joint Global Coordinators and the Joint Lead Managers in relation to the issuance of the U.S.$888,000,000 5.50% Non-Cumulative Perpetual Offshore Preference Shares (the "Offshore Preference Shares").
At booth 335/1 as part of the German pavilion, ELA will showcase one Offshore Office Container and one Offshore Living Quarter as well as ELA's own matching stairways and gangways.
If you believe this is wrong, then setting up an offshore company is a legal and effective way to protect yourself.