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 ?
Their consultants have many years of experience in offshore banking and will make the process of obtaining the bank license as efficient and stress free as possible, they will also advise you on the best location to open your offshore bank in.
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.
It should have come as no surprise to officials in Washington, since the scam of offshore banking was known to all of them.
The balance of offshore banking assets for the market has recently been about 36% smaller than its peak in December 1997.
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.
Abu Dhabi Commercial Bank (ADCB) has announced that it has launched commercial offshore banking products.
Nine participating banks in the transaction are: Bank of Taiwan, South Africa Branch and China Construction Bank Corporation, Johannesburg Branch (the coordinating mandated lead arrangers), Credit Suisse AG, Industrial and Commercial Bank of China (Asia) Ltd, Mega International Commercial Bank Co Ltd, Offshore Banking Branch and Oberbank AG, (the arrangers), Cathay United Bank, Taipei, Hua Nan Commercial Bank Ltd, Offshore Banking Branch and Taipei Fubon Commercial Bank Co.
Starting last year the FSC has allowed offshore banking units (OBUs) of Taiwanese banks to handle renminbi (RMB) businesses, resulting in robust performance at OBUs.