offshore
/ˌɒfˈʃɔːr/ adjective [before noun]Definition
› FINANCE used to describe companies or investments that are based in a country that is not the home country and that has lower tax, weaker laws, etc.: an offshore bank/company/investment
› ECONOMICS, HR, WORKPLACE used to describe the business activities of a company that happen in a different country to the one where the company is based, where costs may be lower: The subject of offshore jobs is one of the most politically charged this year.
› PRODUCTION, NATURAL RESOURCES connected to the production of oil and gas at a distance from the land or under the sea: offshore reserves of oil Drilling offshore oil is still profitable.
offshore adverb › The company had no alternative but to move offshore . → Compare onshore(Definition of offshore adjective from the Cambridge Business English Dictionary
© Cambridge University Press)
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