onshore

/ˌɒnˈʃɔːr/ adjective

Definition

› FINANCE, TAX used to describe companies and banks that are based in a country where they pay normal rates of tax, or to describe the services of these companies or banks : The strict regulations imposed by onshore banks make tax evasion difficult.onshore account/banking/funds The award-winning fund manager offers a range of 35 onshore funds.

› NATURAL RESOURCES, PRODUCTION on land rather than in the sea: an onshore windfarm/oil field The energy supplier has invested heavily in developing onshore windfarms. onshore exploration/drilling/production Other major oil groups do not have onshore production in the country. → Compare offshore

(Definition of onshore adjective from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of onshore