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- Dictionaryoffshore
adjective
- 1. situated at sea some distance from the shore: "this huge stretch of coastline is dominated by offshore barrier islands"
- 2. made, situated, or registered abroad, especially in order to take advantage of lower taxes or costs or less stringent regulation: "deposits in offshore accounts"
adverb
- 1. at sea some distance from the shore: "we dropped anchor offshore"
- 2. in a foreign country, especially in order to take advantage of lower taxes or costs or less stringent regulation: "big businesses in most cases pay little or no tax if they are registered offshore"
verb
- 1. relocate (a business or department) to a foreign country to take advantage of lower taxes or costs: "he predicts that 750,000 UK jobs will be offshored in the next 10 years"
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Terms for location & direction used at sea. offshore. adjective. uk / ˌɒfˈʃɔː r/ us / ˌɑːfˈʃɔːr / (of companies and banks) based in a different country with different tax rules that cost less money:
Jun 18, 2024 · Offshore refers to any (business) activity that takes place outside an entity's home base. The term may be used to describe foreign banks, corporations, investments, and...
Learn the meaning of offshore as an adverb, adjective, and preposition, with synonyms, examples, and word history. Find out how offshore relates to the shore, the sea, and the country.
moving or tending away from the shore toward or into a body of water: an offshore wind. located or operating on a body of water, at some distance from the shore: offshore fisheries. registered, located, conducted, or operated in a foreign country: an offshore investment company; offshore manufacture of car parts.
Offshore can mean away from or at a distance from the coast, or based in a different country with lower tax or costs. Learn how to use offshore in different contexts, such as business, finance, oil and gas, and more.
Offshore means situated or happening in the sea, near to the coast, or based or operating abroad in places with fewer tax regulations. Learn more about the word frequency, pronunciation, synonyms, collocations, and examples of offshore in different contexts.
Offshore means in the sea and away from the coast, or based in another country and less tax has to be paid. Learn more about the meaning, usage and translations of offshore with Cambridge Learner's Dictionary.
