Onshore is a term used in
finance to denote the
jurisdiction in which a company is domiciled and in which it pays a significant rate of tax. It is the opposite of
offshore, which denotes a
tax haven. Generating profits offshore may have certain tax advantages for companies.
Onshoring
used in
resource management to denote the "legal" importation and exploitation of foreign low cost labor resources for domestic work or engagement of low cost
domestic resources for example
rural outsource or
onshore resource