Offshore: Difference between revisions

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2.
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.
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.

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.


See also