onshore Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “onshore” in the English Dictionary

"onshore" in British English

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onshoreadjective, adverb

uk   /ˌɒnˈʃɔːr/  us   /ˈɑːn.ʃɔːr/
moving towards land from the sea, or on land rather than at sea: onshore winds onshore oil reserves
(Definition of onshore from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"onshore" in Business English

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onshoreadjective

uk   us   /ˌɒnˈʃɔːr/
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.
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onshoreadverb

uk   us   /ˌɒnˈʃɔːr/
FINANCE, TAX to a country where you pay normal rates of tax: The drawback of investing overseas is that tax will need to be paid when the money is brought back onshore.
NATURAL RESOURCES, PRODUCTION onto land from the sea: By the end of the day, all 1,400 workers had been brought onshore and the company's wells had been shut.
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(Definition of onshore from the Cambridge Business English Dictionary © Cambridge University Press)
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“onshore” in Business English

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