Offshore (adjective)

1. Situated or operating away from the coast or a particular shore.
2. Situated or located in a foreign country, especially in order to take advantage of lower taxes or regulations.

Origin:

From off + shore.

Examples:

1. The company operates offshore oil rigs.
2. The offshore winds helped to clear the air pollution.
3. The company was accused of using offshore accounts to evade taxes.
4. The offshore bank offered higher interest rates.
5. Many companies have offshore divisions to take advantage of lower labor costs.