What is Offshore?

What is Offshore?

Definition of Offshore

Maybe it is best to understand first what is shore:

From Webster Dictionary 1913:

The coast or land adjacent to a large body of water, as an ocean, lake, or large river.

Then we shall understand what is offshore:

WordNet dictionary defines offshore as:

From the shore; as, an offshore wind; an offshore signal.

and

Located in the waters near the shore; as, offshore drilling.

and

Operating or located in a foreign country; as, an offshore bank account; offshore mutual funds.

Offshore in Financial Sense

Offshore Has Different Meaning Depending of Position

In financial sense, the word offshore depends of your view point:

  1. If you are located in England, offshore means anything outside of England, even Germany is offshore, as it is off the shore.

  2. For people in England and Scottland, offshore means sometimes "located on Channel Islands", but also "located in other countries".

  3. If you are based in the United States, offshore means usually located in Caribbean, on Pacific Islands or in other countries.

  4. For someone in Croatia, Europe, offshore can be United Kingdom or United States, as non-residents of those countries can use certain financial benefits which residents do not get.

Meaning of Offshore

Very Much Depends of Your Viewpoint

For German, offshore can be located in Liechtenstein, but also in Germany itself, in city areas where there is no local city tax, so that German citizen can spare a great amount of money.

Financial benefits depend of the position and viewpoint of the person. Taking a liberal, free and global viewpoint is beneficial for anyone on this Earth.

We provide Thetabiz™ Offshore Services in terms of providing corporate registration of offshore companies, offshore foundations and trusts in countries which bring financial benefits to members from other countries.

Our choice of offshore solution depends of the viewpoint, situation and position of the businessman.

Other Meanings of Offshore

Offshore Drilling

Offshore drilling is getting underwater resources off the shore, on the sea.

Offshore Power Boat Racing

THETABIZ S.A. is global provider of offshore services with customized solutions depending of the viewpoint, situation and position of the businessman.