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 ​landrather than at ​sea: onshore ​winds onshore ​oilreserves
(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 ​paynormalrates of ​tax, or to describe the ​services of these ​companies or ​banks : The strict ​regulationsimposed by onshore ​banks make ​taxevasion difficult.onshore account/banking/funds The ​award-winningfundmanageroffers a ​range of 35 onshore ​funds.
NATURAL RESOURCES, PRODUCTION on ​land rather than in the sea: an onshore windfarm/oil field The ​energysupplier has ​investedheavily in ​developing onshore windfarms. onshore exploration/drilling/production Other ​majoroilgroups do not have onshore ​production in the country.
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onshoreadverb

uk   us   /ˌɒnˈʃɔːr/
FINANCE, TAX to a country where you ​paynormalrates of ​tax: The ​drawback of ​investingoverseas 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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