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offshore

adjective
 
 
/ˌɒfˈʃɔːr/ US  /ˌɑːfˈʃɔːr/

Definition

(of companies and banks) based in a different country with different tax rules that cost less money: offshore banking/funds → Compare onshoreCountry and nationContinents and regions of the worldCountry namesBusiness and commerce - general words
(Definition of offshore adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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