Meaning of the word offshore in English

What does offshore mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

offshore

US /ˌɑːfˈʃɔːr/
UK /ˌɑːfˈʃɔːr/
"offshore" picture

Adjective

1.

located or situated at a distance from the coast

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

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

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

Adverb

1.

away from the coast; out to sea

Example:
The boat sailed offshore into deeper waters.
The wind was blowing strongly offshore.
2.

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

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