Metric and Offshore: Difference between pages
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imported>Doug Williamson (Add definition. Source: linked pages.) |
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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. ''Verb.'' | |||
To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower. | |||
3. | |||
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 == | == See also == | ||
* [[ | * [[CNH]] | ||
* [[ | * [[CNY]] | ||
* [[ | * [[Euro]] | ||
* [[ | * [[Euromarket]] | ||
* [[Finance vehicle]] | |||
* [[Offshore fund]] | |||
* [[Onshore]] | |||
* [[Reshore]] | |||
* [[Tax haven]] | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
Revision as of 07:52, 13 May 2020
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. Verb.
To offshore means to relocate a business - or part of a business - to another jurisdiction, often one where operational costs are lower.
3.
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.
