Offshore

1.

The siting of a currency asset in a location other than the country of which the currency is the domestic currency.

For example, a holding of Japanese Yen in the United States (which would also be known as 'Euroyen').

2.

The term is also used in the context of transactions with a company resident in a tax haven, or about a company itself resident in a tax haven.

See also

• Euro
• Finance vehicle
• Tax haven