Definition of “onshore” - English Dictionary

“onshore” in English

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(Definition of “onshore” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“onshore” in Business English

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uk /ˌɒnˈʃɔːr/ us

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.


uk /ˌɒnˈʃɔːr/ us

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.


(Definition of “onshore” from the Cambridge Business English Dictionary © Cambridge University Press)