Offshore: meaning, definitions and examples

๐ŸŒŠ
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offshore

 

[ หˆษ”fหŒสƒษ”r ]

Adjective / Noun
Context #1 | Adjective

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

abroad, external, overseas.

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.
Context #2 | Noun

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:

๐Ÿ‡ต๐Ÿ‡น offshore

๐Ÿ‡ฎ๐Ÿ‡ณ เค‘เคซเคถเฅ‹เคฐ

๐Ÿ‡ฉ๐Ÿ‡ช offshore

๐Ÿ‡ฎ๐Ÿ‡ฉ offshore

๐Ÿ‡บ๐Ÿ‡ฆ ะพั„ัˆะพั€

๐Ÿ‡ต๐Ÿ‡ฑ offshore

๐Ÿ‡ฏ๐Ÿ‡ต ใ‚ชใƒ•ใ‚ทใƒงใ‚ข

๐Ÿ‡ซ๐Ÿ‡ท offshore

๐Ÿ‡ช๐Ÿ‡ธ offshore

๐Ÿ‡น๐Ÿ‡ท offshore

๐Ÿ‡ฐ๐Ÿ‡ท ์˜คํ”„์‡ผ์–ด

๐Ÿ‡ธ๐Ÿ‡ฆ ู‚ุจุงู„ุฉ ุงู„ุณูˆุงุญู„

๐Ÿ‡จ๐Ÿ‡ฟ offshore

๐Ÿ‡ธ๐Ÿ‡ฐ offshore

๐Ÿ‡จ๐Ÿ‡ณ ็ฆปๅฒธ

๐Ÿ‡ธ๐Ÿ‡ฎ offshore

๐Ÿ‡ฎ๐Ÿ‡ธ offshore

๐Ÿ‡ฐ๐Ÿ‡ฟ ะพั„ัˆะพั€

๐Ÿ‡ฌ๐Ÿ‡ช แƒแƒคแƒจแƒแƒ แƒฃแƒšแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ offshore

๐Ÿ‡ฒ๐Ÿ‡ฝ 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.