what is meant by offshore
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- DEFINITION of 'Offshore'. 1. Located or based outside of one's national boundaries. The term offshore is used to describe foreign banks, corporations, investments and deposits. A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations.
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Welcomeâ¦ Welcome…. Welcome to Offshore legal and thank you for taking the time to learn more about the services we provide. Offshore Legal is a specialized recruitment consultancy in that we focus entirely on the placement of legal professionals to law firms and other financial institutions right throughout the offshore world.lients trust Offshore Legal to source and screen the best available talent. Candidates trust Offshore Legal’s in-depth market knowledge and the invaluable insight and advice we provide. Candidates and clients trust Offshore Legal to provide them with a highly professional service which yields results.
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Underwater Welder: Requirements, Job Duties, and Salary The job of an offshore welder, also known as an underwater welder, combines welding skills ordinarily performed on land with qualifications in commercial diving. The ability to handle bulky equipment designed specifically for the job is needed by these professionals who are required to work in a hazardous setting.
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- So the benefit of outsourcing here is that you get more work done in a day, increasing your overall productivity. A 24X7 customer support is a dream come true for your customers and this can be fully realized through offshore outsourcing.
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- Beyond the territorial sea, is the area where countries have the right to manage and control marine affairs and resources, such as fishing, mineral extraction and oil drilling. This area of ocean, extending 200 nautical miles from a country’s coast, is called the Exclusive Economic Zone (EEZ).
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1 â Introduction The definition of an estuary in this book combines all these definitions; that is, an estuary is a semienclosed body of water connected to the sea as far as the tidal limit or the salt intrusion limit and receiving freshwater runoff, recognising that the freshwater inflow may not be perennial (i.e. it may occur only for part of the year) and that the connection to the sea may be closed for part of the year (e.g. by a sand bar) and that the tidal influence may be negligible .
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- Offshore banking refers to the deposit of funds by a company or individual in a bank that is located outside their national residence.
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- Science and technology. Offshore (hydrocarbons) Offshore construction, construction out at sea. Offshore drilling, discovery and development of oil and gas resources which lie underwater through drilling a well. Offshore hosting, server. Offshore wind power, wind power in a body of water.
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- The Antilles (/ænˈtɪliːz/; Antilles in French; Antillas in Spanish; Antillen in Dutch and Antilhas in Portuguese) is an archipelago bordered by the Caribbean Sea to the south and west, the Gulf of Mexico to the northwest, and the Atlantic Ocean to the north and east.
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- Full Definition of ONSHORE. 1. 2. a: situated on or near the shore as distinguished from being in deep or open water b: situated on land. 3. — on·shore \ˈȯn-ˈ, ˈaen-ˈän\ ˈ. Adverb see onshore defined For-english language. Learners see onshore defined for. kids
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- Full Definition of ARCHIPELAGO. 1. : an expanse of water with many scattered islands. 2. : a group of islands. 3. See archipelago defined for English-language learners.rchipelago Aegean Sea, from Italian Arcipelago, literally, chief sea, from arci- (from Latin archi-) + Greek pelagos sea — more at plagal.
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Definitions &Translations Wiktionary (0.00 / 0 votes) Rate this definition: gulf (Noun). A hollow place in the earth; an abyss; a deep chasm or basin. gulf (Noun). That which swallows; the gullet. gulf (Noun). That which swallows irretrievably; a whirlpool; a sucking eddy.
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- Web Service. OECD Statistics. French Equivalent: Mar e noire Definition: An oil spill is oil, discharged accidentally or intentionally, that floats on the surface of water bodies as a discrete mass and is carried by the wind, currents and tides. Oil spills can be partially controlled by chemical dispersion, combustion, mechanical containment and adsorption.
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- Full Definition of ONSHORE. 1. 2. a: situated on or near the shore as distinguished from being in deep or open water b: situated on land. 3. — on·shore \ˈȯn-ˈ, ˈaen-ˈän\ ˈ. Adverb see onshore defined For-english language. learners
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- The term offshore company or offshore corporation is used in at least two distinct and different ways. An offshore company may be a reference to: a corporation or other type of legal entity which is incorporated under the laws of a different country than in the jurisdiction of incorporation, and/or which statutory seat may not or does not deploy economic activities, and of which the actual beneficiary resides in another country than where the offshore company has its legal seat. a company or
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Inshore vs Offshore Fishing For all the folks new to charter fishing, you may ask, “What is the difference between inshore and offshore fishing?” Well, no problem because we are here to help you understand! Of course, the main difference between the two is the depth of the water at the fishing location. In ocean or seawaters, inshore fishing is within a few miles from the shore. Estuaries and bays are popular inshore fishing spots as well. Offshore fishing is far from the shore, typically 20-30 miles out, in waters hundreds and thousands of feet deep.
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Offshore company In relation to companies and similar entities which are incorporated in offshore jurisdictions, the use of both the words offshore and company can be varied in application. The extent to which a jurisdiction is regarded as offshore is often a question of perception and degree.
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Territory Overseas territory is a broad designation for a territorial entity that is separated from the country that governs it by an ocean. An overseas territory may be either a constituent part of the governing state or a dependent territory. Examples include:
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How to Protect your Assets with an Offshore Trust The difference is that with an offshore trust, also called a foreign trust, the trustee is a financial institution that is not in the same country as the settlor – a foreign country, a foreign trust.A number of these foreign countries are offshore, hence the use of the term ‘offshore trust.’.ne of the main uses of a foreign trust is to avoid unnecessary taxation by your home country. Who, believe it or not, want to tax you to death. We’ll look at what certain key countries are doing to try to curb the use of offshore trusts, what it means to you, and how you will still benefit from an offshore trust.
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How to Protect your Assets with an Offshore Trust By using an offshore trust rather than a domestic trust, you can enjoy additional protections not available in your home country. An offshore trust is related to a traditional onshore asset protection trust in that the end goal is to protect your assets.They are also similar in relation to the parties involved: a Settlor, a Trustee, and the Beneficiaries.he first point in why people set up an offshore trust is to protect their assets in a completely confidential manner. The trustee is expected to properly manage assets, titles to property, and anything else placed in the trust, in a way which completely protects the original owner (settlor) from being discovered.
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- When a trust is established in a suitable offshore jurisdiction, provided that residents of the offshore jurisdiction are excluded from receiving benefit from the offshore trust, then there will be no local taxes applicable to the assets and income of the trust.he trustee becomes the legal owner and is responsible for managing the assets and distributing them to the beneficiaries of the offshore trust (which could include the person or corporation which transferred the assets to the trustees) in accordance with the terms of the trust deed.
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The Largest Oil Rig in The World An oil platform, offshore platform, or (colloquially) oil rig is a large structure with facilities to drill wells, to extract and process oil and natural gas, or to temporarily store product until it can be brought to shore for refining and marketing.
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- “Net production” means production that is owned by a company, individual, trust, or foundation, less royalties and production due others. “Oil” means crude oil or condensate. “Operator” means the individual, company, trust, or foundation responsible for the exploration, development, and production of an oil or gas well or lease.
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How to Protect your Assets with an Offshore Trust An offshore trust is related to a traditional onshore asset protection trust in that the end goal is to protect your assets. They are also similar in relation to the parties involved: a Settlor, a Trustee, and the Beneficiaries.ne of the main uses of a foreign trust is to avoid unnecessary taxation by your home country. Who, believe it or not, want to tax you to death. We’ll look at what certain key countries are doing to try to curb the use of offshore trusts, what it means to you, and how you will still benefit from an offshore trust.
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- Definition of outboard. 1  1 : outside a ship's bulwarks : in a lateral direction from the hull. 2  2 : in a position closer or closest to either of the wingtips of an airplane or to the sides of an automobile.
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coastal 1. coastal-of or relating to a coast; coastal erosion. 2. coastal-located on or near or bordering on a coast; coastal marshes; coastal waters; the Atlantic coastal plain. inland-situated away from an area's coast or border.. coastal-of or relating to a coast; coastal erosion. 2. coastal-located on or near or bordering on a coast; coastal marshes; coastal waters; the Atlantic coastal plain. inland-situated away from an area's coast or border.