Onshore
Encyclopedia
Onshore is a term used in finance
to denote the jurisdiction
in which a company is domiciled and in which it pays a significant rate of tax. It is the opposite of offshore
, which denotes a tax haven
. Generating profits offshore may have certain tax advantages for companies.
Onshoring used in resource management
to denote the "legal" importation and exploitation of foreign low cost labor resources for domestic work or engagement of low cost domestic
resources for example rural
outsource or onshore resource
.
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
to denote the jurisdiction
Jurisdiction
Jurisdiction is the practical authority granted to a formally constituted legal body or to a political leader to deal with and make pronouncements on legal matters and, by implication, to administer justice within a defined area of responsibility...
in which a company is domiciled and in which it pays a significant rate of tax. It is the opposite of offshore
Offshoring
Offshoring describes the relocation by a company of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Even state governments employ offshoring...
, which denotes a tax haven
Tax haven
A tax haven is a state or a country or territory where certain taxes are levied at a low rate or not at all while offering due process, good governance and a low corruption rate....
. Generating profits offshore may have certain tax advantages for companies.
Onshoring used in resource management
Resource management
In organizational studies, resource management is the efficient and effective deployment of an organization's resources when they are needed. Such resources may include financial resources, inventory, human skills, production resources, or information technology...
to denote the "legal" importation and exploitation of foreign low cost labor resources for domestic work or engagement of low cost domestic
Domestic market
A domestic market is a financial market. Its trades are aimed toward a single market. A domestic market is also referred to as domestic trading...
resources for example rural
Rural
Rural areas or the country or countryside are areas that are not urbanized, though when large areas are described, country towns and smaller cities will be included. They have a low population density, and typically much of the land is devoted to agriculture...
outsource or onshore resource
Resource
A resource is a source or supply from which benefit is produced, typically of limited availability.Resource may also refer to:* Resource , substances or objects required by a biological organism for normal maintenance, growth, and reproduction...
.