offshore

(redirected from Offshore banking)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to Offshore banking: International banking

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 ?
Offshore banking covers transactions in foreign currencies involving the receipt of funds principally from external sources and from internal sources and utilization of such funds.
The post Casinos, offshore banking keeps north on money-laundering radar appeared first on Cyprus Mail .
Despite the mystique surrounding offshore banking and investment it does fulfil a useful purpose and it isn't deserving of the poor reputation it has suffered in recent years.
While the UAE doesn't generally tax residents' incomes, it doesn't mean people who live in this part of the world won't benefit from offshore banking.
Outside of these measures, says YaE-ar, "international steps against offshore banking -- not just Turkish steps -- haven't been very engaged or successful.
They have broadened their online portfolio to include their offshore banking license and bank formation services, with the introduction of My Banking License.com.
When he first looked into the problems of offshore banking it seemed to him like "a mouse tail," but as he investigated in the Cayman Islands and Switzerland, it became a "dragon's tail," and finally a many-headed dragon.
Bahrain-based BankMuscat International (BMI) has received a licence from the Central Bank of Seychelles to set up an offshore banking venture.
GORDON Brown could be set to offer an amnesty to overseas account holders as part of a massive crackdown on offshore banking fraud, an accounting expert claimed.
Meanwhile, we are left to wonder what on earth to do about offshore banking havens, assuming we're planning on hanging on to capitalism for the time being.
Other primary industries include aluminum smelting, offshore banking, ship repair and tourism.