offshore

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offshore

based or operating abroad in places where the tax system is more advantageous than that of the home country

offshore

[′ȯf¦shȯr]
(geology)
The comparatively flat zone of variable width extending from the outer margin of the shoreface to the edge of the continental shelf.
References in periodicals archive ?
The offshore banking sector is gaining weight in the banking industry and is now a popular choice for people to set up banking businesses.
He has worked at six offshore banking centers, he said, and has been engaged in a long-running battle with Swiss banks over secrecy.
As well as providing offshore banking needs RBS International also provides products and services to companies who relocate staff.
Nedcor, a South African banking group, will merge the Guernsey-based operation with Old Mutual's existing private banking services to set up a new bank, called Gerrard Private Bank, offering high net worth clients offshore banking, investment and fiduciary services.
Offshore banking also facilitated the frauds involving Daiwa and Barings banks and the Sumitomo trading company in the mid-1990s, which led to jail terms for the employees involved.
The balance of offshore banking assets for the Japan Offshore Market rose 2.
Fsharp, the Internet offshore banking operation of the Bank of Ireland, is set to launch its new offshore expatriate banking service on 4 September.
As many of us know, the world of super-secretive offshore banking attracts not only the rich and powerful but also thieves and embezzlers, large and somewhat small.
Two potential offshore banking centres are emerging: Dubai and Cyprus.
Offshore banking safeguards savings for expatriates and provides a means of paying bills and controlling their cash in the UK.
chartered banks and foreign banks have conducted extensive activities at branches in offshore banking centers, principally the Bahamas and the Cayman Islands.
For the two offshore banking centers in the sample (Hong Kong and Panama), the stock of FDI is corrected using the technique in Saltz [International Review of Economics and Business, forthcoming], which estimates the level of FDI if the country were not an offshore banking center.