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 ?
Adopting zero tolerance policy against fraudulent elements, the Bureau of Emigration and Overseas Employment (EOBE) tightened enforcements and cancelled licenses of 16 overseas employment promoters (OEPs), besides suspending the operation of 36 others.
Vice Chairperson welcoming the honourable guests said, Overseas Pakistanis were eager to see Pakistan progressing and were making efforts to fulfil this dream.
The governor held that the promise of Prime Minister Khan vis-a-vis giving rights to Overseas Pakistanis would be fulfilled.
'The 2019 midterm elections overseas voting turn out is 18.34% with 334,242 who actually voted,' Sabile-David said in a Twitter post.
For overseas voters who have not yet received their ballots, the agency urged them to contact the Embassy or Consulate General where they registered as voters.
Yesterday, overseas voting started and this will run until May 13, election day in the Philippines.
He said that a control room has also been established for assistance of overseas Pakistani voters for bye-elections being held on Sunday in 35 constituencies.
He said that the commission had also extended the date for registration of overseas Pakistanis from September 15 to September 17 for exercising their right of casting vote in by-elections.
The top judge was speaking to the Executive Director of World Congress of Overseas Pakistanis Arif Anis after delivering the landmark judgement on Friday through which the Supreme Court permitted Pakistanis residing abroad to cast vote in the upcoming by-polls.
The overseas Pakistanis would enroll them selves through a website before the election as more than Seven million Pakistanis will have the facility to register their vote.