Definition
Offshoring is a business practice in which a company relocates or outsources business functions, processes, or services to foreign countries or offshore locations to take advantage of lower labor costs, operational efficiencies, tax incentives, or specialized expertise. Offshoring activities may include manufacturing, customer service, IT support, research and development, or back-office functions, and they are typically driven by cost savings, access to talent, or strategic considerations. Offshoring enables companies to improve competitiveness, scalability, and flexibility while navigating global markets and supply chains.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.