offshore

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Related to Off-Shore Banks: Swiss banks

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 report rated three domestic banks and four off-shore banks in Bahrain.
The subject then personally takes the bills and deposits them in unsophisticated off-shore banks where the bills are not inspected closely.
Most off-shore banks are able to be immensely profitable because they offer a safe shelter from taxation and law enforcement agencies.