offshore
adj. B2 Upper Intermediate US //ˈɔfˈʃɔɹ// UK //ˈɒfʃɔː// off·shore
adj. located in the ocean away from the shore, or based in a different country to pay less tax or follow different laws.
adj. situated at a distance from the shore or operating in a foreign country, typically to take advantage of lower taxes or less stringent regulations.
The company moved its money to an offshore account.
The government is investing in offshore wind farms to generate more renewable energy from the sea.
The investigation revealed a complex network of offshore entities designed to obscure the true ownership of the luxury real estate portfolio.
From off- + shore.
Usage
Typically placed before the noun it modifies; can refer to physical location or financial status.