offshore Meaning in the Cambridge English Dictionary
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Meaning of “offshore” in the English Dictionary

"offshore" in British English

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offshoreadjective, adverb

uk   /ˌɒfˈʃɔːr/  us   /ˌɑːfˈʃɔːr/
away from or at a ​distance from the ​coast: offshore ​engineering an offshore ​breeze The ​wind was ​blowing offshore.

offshoreadjective

uk   /ˌɒfˈʃɔːr/  us   /ˌɑːfˈʃɔːr/
(of ​companies and ​banks) ​based in a different ​country with different ​taxrules that ​cost less ​money: offshore ​banking/​funds
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(Definition of offshore from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"offshore" in American English

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offshoreadjective, adverb

 us   /ˈɔfˈʃɔr, -ˈʃoʊr/
away from or at a ​distance from the ​land: an offshore ​oilrig Offshore ​businesses, ​banks, or ​accounts are ​located in an ​islandcountry or a ​country away from ​your own ​country.
(Definition of offshore from the Cambridge Academic Content Dictionary © Cambridge University Press)

"offshore" in Business English

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offshoreadjective [before noun]

uk   us   /ˌɒfˈʃɔːr/
FINANCE used to describe ​companies or ​investments that are ​based in a country that is not the ​home country and that has ​lowertax, ​weakerlaws, etc.: an offshore ​bank/​company/​investment
ECONOMICS, HR, WORKPLACE used to describe the ​businessactivities 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 ​politicallycharged 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 .
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offshoreverb [T]

uk   us   /ˌɒfˈʃɔːr/
ECONOMICS, HR, WORKPLACE to have ​work done in another country, often because ​costs are ​lower there: Product ​design is ​relatively difficult to offshore.
(Definition of offshore from the Cambridge Business English Dictionary © Cambridge University Press)
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“offshore” in Business English

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