offshore
in the sea, not on land
in the sea, away from the land but not very far out
an offshore [structure/facility/installation]
- The country is investing heavily in offshore wind farms to generate clean energy.
- Several new offshore oil rigs were built north of the coast last year.
- Marine biologists conducted research from an offshore platform in the bay.
- Fishing boats were ordered to stay away from the offshore drilling site.
- The submarine surfaced near an offshore island at dawn.
- They work on an offshore oil rig.
- We could see many offshore boats from the beach.
- The city gets power from an offshore wind farm.
- The company builds offshore platforms for gas.
- She studies fish that live in offshore waters.
based abroad for tax or rules
based in another country, usually to pay less tax or follow easier business rules
an offshore [account/company/bank/investment]
- He hid millions of dollars in an offshore account in the Caribbean.
- The investigation revealed a complex network of offshore companies used to avoid taxes.
- Many hedge funds are registered in offshore jurisdictions for regulatory reasons.
- The new law aims to close loopholes that allow profits to be shifted to offshore tax havens.
- They moved their intellectual property to an offshore entity to lower their tax bill.
- The rich man kept his money in an offshore bank.
- The company has an offshore office to save tax.
- Police are looking at his offshore accounts.
- Some firms use offshore companies to hide money.
- She invested in an offshore fund in another country.
away from shore, out to sea
in the sea or moving away from the land into the sea
[be/sail/anchor] [distance] offshore
- Several fishing boats were anchored about one kilometre offshore.
- We swam too far offshore and the lifeguard whistled at us to come back.
- A small island lies just offshore from the main beach.
- The coast guard patrols several miles offshore during storm season.
- The whale was first spotted offshore near the harbor entrance.
- The ship is waiting offshore.
- We saw dolphins jumping offshore.
- The boat stopped one mile offshore.
- Please do not swim too far offshore.
- There are strong waves just offshore today.
wind blowing from land to sea
describes wind that goes from land out to the sea
an offshore [wind/breeze/flow]
- Surfers prefer a light offshore wind because it makes the waves cleaner.
- Strong offshore winds pushed the smoke from the wildfire out to sea.
- The forecast predicts moderate offshore winds along the coast tomorrow morning.
- Because of the offshore breeze, it felt cooler on the beach than in the city.
- Rescue teams warned that offshore winds could carry small boats away from shore.
- Today there is a strong offshore wind.
- The offshore breeze blows from land to sea.
- Offshore winds can push small boats away.
- Surfers like a gentle offshore wind.
- The smoke went out to sea because of the offshore wind.
move work to another country
to move company work or jobs to another country, usually to make them cheaper
to offshore [jobs/production/services/processes]
- The company decided to offshore its customer service operations to cut costs.
- Critics argue that offshoring manufacturing has led to job losses at home.
- They plan to offshore part of their IT department to India next year.
- Many firms offshore routine administrative tasks to specialized providers overseas.
- After years of offshoring production, the brand is now reshoring some factories.
- The firm wants to offshore many jobs.
- They offshore production to a cheaper country.
- Some companies offshore call center work.
- People worry when factories offshore their work.
- The boss said they will offshore part of the business.
- Base: offshore
move jobs offshore
1relocate jobs to another country
to send company jobs to another country instead of keeping them at home
- The factory plans to move jobs offshore over the next two years.
- Workers protested the decision to move jobs offshore.
- Politicians promised to stop companies from moving jobs offshore.
offshore account
1bank account in another country
a bank account in another country, often used to pay less tax or keep money secret
- Investigators discovered several offshore accounts linked to the politician.
- She was advised to open an offshore account to protect her savings.
- The report explained how offshore accounts can be used legally but are sometimes abused for tax evasion.
offshore bank account
1bank account abroad for tax/privacy
a bank account in another country, often used by rich people or companies to protect money or pay less tax
- He admitted to holding an offshore bank account that he had not declared to the tax authorities.
- The brochure described the benefits of opening an offshore bank account.
- Rules on offshore bank accounts have become much stricter in recent years.
offshore company
1company registered in another country
a business that is officially based in another country, often where taxes are lower or rules are easier
- The profits were routed through an offshore company in the Cayman Islands.
- He set up an offshore company to manage his international investments.
- Journalists uncovered a network of offshore companies used to hide ownership of luxury properties.
offshore drilling
1drilling for oil or gas at sea
drilling holes in the sea floor to get oil or gas, away from the land
- Environmental groups protested against plans for new offshore drilling in the region.
- The country depends heavily on offshore drilling for its energy needs.
- Stricter safety rules were introduced after a major offshore drilling accident.
offshore drilling
1Sea-based resource drilling
drilling under the sea to get oil or gas
- Offshore drilling expanded after new fields were discovered in the bay.
- The spill led to stricter rules on offshore drilling.
- Several countries have limited offshore drilling in protected waters.
offshore outsourcing
1sending work abroad to other firms
when a company pays another company in another country to do some of its work
- The firm relies heavily on offshore outsourcing for its software development.
- Critics say offshore outsourcing has reduced local job opportunities.
- The report compares the costs of offshore outsourcing with keeping work in-house.
offshore wind farm
1wind turbines in the sea
a place in the sea with many big wind machines that make electricity
- The government approved funding for a new offshore wind farm.
- Offshore wind farms can produce large amounts of renewable energy.
- Residents can see the offshore wind farm from the beach on clear days.