Offshore terms Offshore Banking dictionary OS Centers

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Offshore TERMS - Offshore DICTIONARY - Offshore GLOSSARY

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Offshore (OS)
Offshore Banking
Offshore Banking Unit
Offshore Center
Offshore Centers
Offshore Finance Company
Offshore Fund
Offshore Group of banking Supervisors
Offshore Holding Company
Offshore Investment Center
Offshore Investor
Offshore Profit Centers
Offshore Trading Company
Offshore Web Hosting
Ownership

 

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Offshore (OS). Offshore is an international term meaning not only out of your country (jurisdiction) but out of the tax reach of your country of residence or citizenship; synonymous with foreign, transnational, global, international, transworld and multi-national, though foreign is used more in reference to the IRS.

Offshore Banking. By popular usage, the establishment and operation of US or foreign banks in such offshore tax havens as the Bahamas and the Cayman Islands.

Offshore Banking Unit (OBU). A bank in an offshore financial center, not allowed to conduct business in the domestic market but only with other OBU’s or with foreign persons.

Offshore Center. A financial center used as a foreign base for overseas operations where the investor may move in and out of his investment freely and which fits the needs of the user.

Offshore Centers. Countries and jurisdictions, most commonly small islands with little to no resources for revenue, specializing in the provision of financial services. These centers specialize and focus on offering to non-residents more favorable tax environments than that enjoyed in their home territory on international trading activities and/or investments via that country. Other beneficial features of offshore centres may include banking secrecy, privacy, various types of discretionary services and other favorable aspects of the legal environment.

Offshore Finance Company. A company organized in a foreign country, almost always in a tax haven country, which handles such financing services as arranging foreign loans in Eurocurrency markets and floating bonds or other forms of indebtedness abroad in United States dollars or other hard currencies. Generally the offshore finance company is created to handle the financing requirements of its parent or related companies but is used occasionally to handle the financing needs of the parent company's distributors or agents overseas.

Offshore Fund. A mutual fund offering its shares to persons resident outside the country in which it is incorporated.

Offshore Group of banking Supervisors (OGBS). Established in October 1980 at the instigation of the Basle Committee on Banking Supervision with which the Group maintains close contact. The primary objective of OGBS is to promote the effective supervision of banks in their jurisdictions and to further international cooperation in the supervision between the Offshore Banking Supervisors and between them and basle Committee member nations and other banking supervisors. Current OGBS members are: Aruba, Bahamas, Bahrain, Barbados, Bermuda, Cayman Islands, Cyprus, Gibraltar, Guernsey, Hong Kong, Isle of Man, Jersey, Lebanon, Malta, Mauritius, Netherlands antilles, Panama, Singapore and Vanuatu.

Offshore Holding Company. A company organized in a foreign country which controls one or more affiliate companies and which manages, administers or services its affiliate companies usually located outside the country in which the parent company is incorporated.

Offshore Investment Center (Or Jurisdiction). A financial center used as a foreign base for overseas operations where the investor may move in and out of his investment freely and which fits the needs of the user. Large amounts of financial assets or foreign currencies may be sold without delay at low cost as compared with other types of financial centers. An offshore investment center is also used as a base for such international activities as export-import trading, commodity transactions, mutual and other investment funds, exchange and securities hedging, futures trading for options, calls and puts, and patent and trademark licensing. Once referred to exclusively as the traditional "tax haven," the title given to this type of offshore operation (offshore investment center or jurisdiction) is now also universally accepted in order to strengthen its image in the worldwide business community.

Offshore Investor. An investor who is a user of a foreign base company in an offshore center and who may move in and out of his investment freely.

Offshore Profit Centers. Branches of major international banks and multinational corporations, which are established in low tax financial jurisdictions to lower taxes for the business entity as a whole. The resulting high- and low- (or non-) taxed profits are blended to enhance the overall return to the shareholders.

Offshore Trading Company. A company organized in a foreign country to buy goods from an exporter in one or more other foreign countries and to sell these same goods to importers in other foreign countries. The documents are processed by the offshore trading company and all managerial, administrative and day-to-day financial transactions are handled by it. The goods are shipped from the seller in one country to the buyer in the other country without ever being shipped or landed in the country where the offshore trading company is located.

Offshore Web Hosting. Hosting a web site in a different jurisdiction than your home country jurisdiction. The web site does not need to be in the same country the IBC is incorporated.

Ownership. Ownership constitutes the holding or possession of limited liability company legal claim or title to an offshore asset.

 

Information About:

Anguilla Offshore Corporation - Belize Offshore Corporation - British Virgin Islands Offshore Corporation - Dominica Offshore Corporation - Gibraltar Offshore Corporation - Panama Offshore Corporation - Seychelles Offshore Corporation - USA LLC Offshore Corporation - USA Delaware Offshore Corporation - USA Oregon Offshore Corporation

ALL or NONE - ARBITRAGEASK - AUTOMATIC EXECUTION - BASIS POINT - BID - BROKER - COST OF CARRY - COUNTERPARTY - ENTRY ORDER - FOREX - FOREX TRADER - LEVERAGE - LIMIT ENTRY ORDER - LIMIT ORDER - LONG POSITION - LOT - MANUAL EXECUTION - MARGIN - MARGIN CALL - MARKET MAKERMARKET ORDER - MINI ACCOUNT - OCO ORDER - OVERNIGHT - PEGGING - PIP or POINTS - POSITION - PREMIUM - QUOTE BUY SELL - ROLLOVER - SHORT POSITION - SLIPPAGE - SPOT FOREIGN EXCHANGE - SPREAD - STOP-ENTRY ORDER - STOP-LOSS ORDER - SWAP - TICK - VOLATILITY - WHIPSAW - WHISPER NUMBER

 

 

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