Meaning of “offshore” in the English Dictionary

"offshore" in British English

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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 oil rig

Offshore businesses, banks, or accounts are located in an island country 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 /ˌɒfˈʃɔːr/ us

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.

The company had no alternative but to move offshore .


offshoreverb [ T ]

uk /ˌɒfˈʃɔːr/ us

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)