Definitions

1. adjective

located or operating outside the territorial waters of a country, especially in the open sea.

“The offshore drilling company was fined for the oil spill.”

2. noun

the waters or area outside the territorial waters of a country.

“The offshore waters are home to a large population of dolphins.”

3. noun

a business or operation located outside the country where it is registered or controlled, especially one that is involved in finance or trade.

“The company is registered as an offshore bank in the Cayman Islands.”