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English definition of “offshore”

offshore

adjective [before noun]     /ˌɒfˈʃɔːr/
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 .
offshore adverb → Compare onshore
(Definition of offshore adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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