what is onshore and offshore

Onshore and offshore are terms that are used in different contexts. In the context of business, onshore refers to business activity that takes place within a countrys borders and is subject to state corporate regulations and taxation. An onshore company is incorporated within the home country in which it intends to conduct business. Offshore, on the other hand, refers to a location outside of ones home country where business activity takes place. An offshore company is formed in a country outside of where the business owner has residence. Offshore outsourcing refers to the practice of hiring a company from a different part of the world to reduce costs. In the context of wind energy, onshore wind energy is generated by wind turbines located on land, while offshore wind energy is generated by wind turbines located in the sea.