Another Word For Offshore

Meaning

The term offshore refers to something that is situated away from the mainland, typically in the context of operations, businesses, or activities that take place in the sea or ocean. In business, it often describes companies that are based in another country, often to take advantage of tax benefits or lower regulations.

Synonyms

• Overseas
• Abroad
• Out to sea
• External

Antonyms

• Onshore
• Domestic
• Inland
• Local

Etymology

The word "offshore" is derived from the combination of "off" and "shore." The term began to appear in the late 19th century, combining the notions of being away from the land or shore, particularly relating to the sea.

Examples

1. Many companies establish offshore accounts to benefit from lower taxes.
2. The fishing industry often relies on offshore boats to catch fish far from the land.
3. Offshore drilling has raised environmental concerns due to the potential for oil spills.
4. They decided to move their manufacturing offshore to reduce costs.