Define Offshore Account. Offshore Account synonyms, Offshore Account pronunciation, Offshore Account translation, English dictionary definition of Offshore Account. adj. 1. Moving or directed away from the shore: an offshore wind. 2. a. Located at a dist
Define Offshore Accounts. are deposit and/or operating accounts maintained by Borrower and/or its Related Entities with foreign financial institutions for ordinary necessary operating expenses of Borrower and/or its Related Entities, provided further tha
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Offshore Construction Accounthas the meaning assigned to that term in the OffshoreAccounts Agreement; Sample 1Sample 2 Offshore Construction Accountmeansthe accountnumbered [●] opened by theOffshore Account Bankin thename of Borrowerand designated “Offshore Construction Account”, as such account ma...
The meaning of OFFSHORE is from the shore : seaward; also : at a distance from the shore. How to use offshore in a sentence.
Although off-shore banks (composed of 88 conventional and Islamic banks that account for about 70 per cent of the Bahraini banking sector) do very little lending within Bahrain, some smaller specialised institutions are highly exposed to Bahraini and regional real estate through proprietary investment...
transactions carried out by offshore funds and thattheexpanded definitionofthe term “securities” would cover financial products [...] legco.gov.hk legco.gov.hk 委員察悉, 擬 議新 訂附表16會 涵蓋離岸基金進行的各類典型的交易,而“ 證券” 一詞的定 義經擴闊後,會涵蓋離岸基金一般 買賣的金融產品...
Let’s take a closer look at the benefits of OPIS: 1. Reduced Tax Burden One of the primary advantages of OPIS is the potential to mitigate tax liabilities. Certain offshore jurisdictions offer tax incentives and lower or no capital gains taxes, which can significantly impact investment returns...
Offshore bankinginvolves securing assets in financial institutions in foreign countries, which may be limited by the laws of the customer’s home nation—much like offshore investing. Think of the famed Swiss bank account— that James Bond-like account that puts rich people’s money out of reac...
can open an account with an offshore banking unit, which can be in various forms such as personal, corporate, investment, or trust accounts. They must complete necessary documentation and undergo a due diligence process, including identification documents, proof of address, and the source of ...