offshore

US /ˌɑːfˈʃɔːr/
UK /ˌɑːfˈʃɔːr/
"offshore" picture
1.

located or situated at a distance from the coast

:
•
The company operates several offshore oil rigs.
•
They are building a new offshore wind farm.
:
maritimeseawardpelagic
2.

situated or operating in a foreign country, especially as a means of avoiding tax or strict regulations

:
•
Many companies establish offshore accounts to reduce their tax burden.
•
The investigation revealed a network of offshore shell companies.
:
foreigninternationaltransnational
1.

away from the coast; out to sea

:
•
The boat sailed offshore into deeper waters.
•
The wind was blowing strongly offshore.
:
seawardout to sea
2.

in or to a foreign country, especially for financial or business purposes

:
•
The company decided to move its manufacturing offshore.
•
They invested heavily offshore to diversify their portfolio.
:
abroadoverseas
:
offshore banking