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offshore
(redirected from Offshore banks)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
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.
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Offshore banks cannot work effectively without the cooperation of major Western banks.
Commercial Transactions - Money Laundering - A Study by Artur Victoria by Artur Victoria / Finance and Investment community
Offshore banks in some countries offers low processing fees for credit card transactions or you may not even be subject to any taxes at all.
Advantages of Creating An Offshore Merchant Account by Jack Ryon, / Banking, finance and accounting community
Some of these include the fact that offshore banks are generally located in an area that offer greater privacy to depositors, low or zero taxation and less restrictive legal regulation, among others.
Banking on offshore havens by Gulf News (United Arab Emirates)
 
 
 
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