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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. [ 3 ]
A company moving an internal business unit from one country to another would be offshoring or physical restructuring, but not outsourcing. A company subcontracting a business unit to a different company in another country would be both outsourcing and offshoring, offshore outsourcing. Types of offshore outsourcing include:
An international business company or international business corporation (IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.
MDSS – measured depth referenced to mean sea level zero datum – "subsea" level; MDT – modular formation dynamic tester, a tool used to get formation pressure in the hole (not borehole pressure which the PWD does). MDT could be run on Wireline or on the Drill Pipe; MDR – mud damage removal (acid bullheading) MEA – monoethanolamine
If the offshore workplace is a foreign subsidiary, owned by the company, then the offshore operation is a § captive, [215] sometimes referred to as in-house offshore. [216] Offshore outsourcing – combines outsourcing and offshoring; is the practice of hiring an external organization that is in another country to perform a business function ...
Company ownership can be readily concealed through the use of anonymous “bearer shares”. As a result, more than of 45,000 offshore shell companies and subsidiaries companies are created in Panama each year; Panama has one of the highest concentrations of subsidiaries of any country in the world.
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Offshore bank, relates to the banking industry in offshore centers; Offshore company; Offshore financial centre, jurisdictions which transact financial business with non-residents; Offshore fund, collective investment in offshore centers; Offshore investment, relates to the wider financial services industry in offshore centers