Offshore: meaning, definitions and examples
๐
offshore
[ หษfหสษr ]
business activities
Offshore refers to activities or operations that take place outside of a nation's borders, typically for financial advantages such as lower taxes and regulatory benefits. Companies often engage in offshore practices to reduce operational costs and increase profitability.
Synonyms
Examples of usage
- Many corporations establish offshore subsidiaries to minimize taxes.
- Offshore banking can provide greater privacy for account holders.
- The offshore oil drilling industry is vital for energy production.
marine environment
Offshore refers to areas of water that are situated away from the shore. This term is commonly used in activities like fishing, shipping, and oil drilling, where operations take place further from the coastline.
Synonyms
oceanic, open-sea, sea-bound.
Examples of usage
- The offshore fishing fleet returned with a large catch.
- They set up a wind farm in offshore waters to harness renewable energy.
- He worked on an offshore oil rig for several years.
Translations
Translations of the word "offshore" in other languages:
๐ต๐น offshore
๐ฎ๐ณ เคเคซเคถเฅเคฐ
๐ฉ๐ช offshore
๐ฎ๐ฉ offshore
๐บ๐ฆ ะพััะพั
๐ต๐ฑ offshore
๐ฏ๐ต ใชใใทใงใข
๐ซ๐ท offshore
๐ช๐ธ offshore
๐น๐ท offshore
๐ฐ๐ท ์คํ์ผ์ด
๐ธ๐ฆ ูุจุงูุฉ ุงูุณูุงุญู
๐จ๐ฟ offshore
๐ธ๐ฐ offshore
๐จ๐ณ ็ฆปๅฒธ
๐ธ๐ฎ offshore
๐ฎ๐ธ offshore
๐ฐ๐ฟ ะพััะพั
๐ฌ๐ช แแคแจแแ แฃแแ
๐ฆ๐ฟ offshore
๐ฒ๐ฝ offshore
Etymology
The term 'offshore' originates from the combination of 'off', denoting distance or separation, and 'shore', which refers to the land bordering a body of water. It first appeared in English during the late Middle Ages, particularly in the context of navigation and shipping. Over time, the meaning evolved to encompass not just geographical distances from the shore but also the concept of engaging in business activities that are conducted in foreign jurisdictions to leverage regulatory and tax advantages. This broader interpretation has gained significant prominence since the late 20th century as globalization expanded and businesses sought more effective ways to manage their operations and finances.