onshore
adjective
uk/ˌɒnˈʃɔːr/ us FINANCE, TAX
used to describe companies and banks that are based in a country where they pay normal rates of tax, or to describe the services of these companies or banks :
The strict regulations imposed by onshore banks make tax evasion difficult.
onshore account/banking/funds The award-winning fund manager offers a range of 35 onshore funds.
NATURAL RESOURCES, PRODUCTION
on land rather than in the sea:
an onshore windfarm/oil field The energy supplier has invested heavily in developing onshore windfarms.
onshore exploration/drilling/production Other major oil groups do not have onshore production in the country.
Compare
offshore
onshore
adverb
uk/ˌɒnˈʃɔːr/ us FINANCE, TAX
to a country where you pay normal rates of tax:
The drawback of investing overseas is that tax will need to be paid when the money is brought back onshore.
NATURAL RESOURCES, PRODUCTION
onto land from the sea:
By the end of the day, all 1,400 workers had been brought onshore and the company's wells had been shut.
Compare
offshore