Definition : Offshore

Offshore refers to activities or operations that take place in or are related to a location beyond the borders of a country’s landmass, typically in the open sea. This can include offshore drilling for oil and gas, offshore banking, or offshore wind farms. The term can also refer to companies or assets that are located in a different country for tax or legal purposes. In general, offshore activities are conducted in international waters or in a foreign jurisdiction, often with the goal of taking advantage of more favorable regulations or tax laws. The term can also be used to describe something that is situated or occurring far from the shore, such as an offshore island or an offshore storm.

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