offshores
Shifts operations overseas
Offshores is the verb form of offshore, meaning to move business operations or jobs to another country, typically for lower costs or tax advantages: The company offshores its customer service to the Philippines.
Also used for relocating money or assets to foreign accounts: He offshores his profits to avoid taxes.
Third-party task delegation
- manufacturingIndustrial product creation
- productionMaking or generating something
- laborStrenuous effort; also childbirth
- cost-cuttingReducing expenditures deliberately
globalization · contracting · logistics · procurement · workforce · multinational · relocation · assembly
Hole-making by rotation
- platformRaised flat structure
- rigEquipment arrangement or vehicle
- petroleumNatural underground hydrocarbon liquid
- oilSlippery viscous fluid
gas · exploration · seabed · deepwater · extraction · well · pipeline · energy
Act of escaping detection
- loopholeExploitable gap in rules
- secrecyPractice of hiding information
- anonymityUnknown identity state
- concealmentAct of hiding something
incorporation · Bermuda · Jersey · Luxembourg
outsourcing
Third-party task delegation
- manufacturingIndustrial product creation
- productionMaking or generating something
- laborStrenuous effort; also childbirth
cost-cutting · globalization · contracting · logistics · procurement · workforce · multinational · relocation · assembly
drilling
Hole-making by rotation
- platformRaised flat structure
- rigEquipment arrangement or vehicle
- petroleumNatural underground hydrocarbon liquid
oil · gas · exploration · seabed · deepwater · extraction · well · pipeline · energy · subsea
evasion
Act of escaping detection
- loopholeExploitable gap in rules
- secrecyPractice of hiding information
- anonymityUnknown identity state
concealment · incorporation · Bermuda · Jersey · Luxembourg
banking
Financial institution transactions
- capitalWealth used for investment
- securitiesTradeable financial assets
- fundsAvailable financial resources
equity · trading · dividends · stocks · bonds · forex · derivatives · liquidity · credit · investment
offshoresonshores
Toward the shore
localizes · repatriates · brings home · domesticates · insources