Offshore meaning

English dictionary definition of offshore. What does offshore company mean? Moving or directed away from the shore: an offshore wind.

The relatively flat , irregularly shaped zone that extends outward from the breaker zone to the edge of the continental shelf. The water depth in this area is usually at least m (ft). The offshore is continually submerged.

Definition of offshore (Entry of 3) : coming or moving away from the shore toward the water an offshore breeze. Situated at sea some distance from the shore. More example sentences.

As all land was already owne there was no room for an expanding population, so new islands were established on sandbars a short distance offshore, where the air was cool and mosquito-free. Offshore ” originally meant islands in the open sea belonging to a country. The term “ offshore ” means “off the coast”. In oil and gas extraction, “ offshore ” refers to the development of oil fields and natural gas deposits under the ocean.

An offshore company may be a reference to: a company, group or sometimes a division thereof, which engages in offshoring business processes. The definition of offshore is moving off, away or located at a distance from the shore.

An example of offshore used as an adjective is in the phrase offshore account, which means a banking account held in a foreign financial institution. High offshore winds in the Coromandel area and plentiful mackerel near the coast may have been factors in that stranding, she was quoted as saying. Relating to the business of extracting oil or gas from the seabed. Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting.

Typically this refers to a company business, although state governments may also employ offshoring. Outsourcing refers to obtaining certain services or products from a third party company, essentially sourcing something like accounting services or manufacturing of a certain input to another company. While many think outsourcing refers to using a service provider in another (usually cheaper) country that is not necessarily the case.

Overview An ‘offshore fund’ is defined in UK tax legislation. This word is used especially for talking about the oil industry China has huge offshore and onshore oil reserves. During your Caribbean vacation, you might paddle out to an offshore sandbar, a raised area away from the beach.

You could also put on fins and a snorkel and check out some offshore coral reefs. Offshore refers to where the usual regulations of an entity’s home country do not apply. This may be a place at sea some distance from the shore, such as an island tax haven in the Caribbean, or just legally offshore.

For example, if people resident outside the UK do business in London, they are participating in offshore transactions. Offshore Banking – Definition, Advantages, Disadvantages An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. As such, the term offshore banking is generally used to describe international banks, companies, and investments.

Familiarity information: OFFSHORE used as an adjective is rare. Did you ever think it would actually be so easy? If you are an investor then at some stage of your business you will definitely want to expand it and do an incorporation in other countries.

Merriam-Webster Thesaurus, plus related words, definitions, and antonyms. Find another word for offshore. Offshore : of, relating to, or situated in the waters near the shore. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage.

Offshore Describing an institution, especially a bank, that exists in a foreign country. Colloquially, the term refers to institutions that exist in known tax havens. Individuals and companies use offshore accounts to avoid or evade taxes in their home countries. Offshoring refers to the relocation abroad of any business process. Offshore manufacturing is part of the umbrella term ‘ offshoring.

In most cases, the company relocates an operational process, such as product assembly or manufacturing. Winds blowing from the coast out to sea are the gold standard for most surfers most of the time. The main function of these winds is to delay breaking.

All things being equal waves will break in water about 1. But with an offshore wind this breaking is delayed.