Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are a commonly accepted means of reducing the taxes levied in most countries to both large and small-scale investors alike. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally acquired money from law enforcement in the investor's country. However, the modern, well-regulated offshore centres allow legitimate investors to take advantage of higher rates of return or lower rates of tax on that return offered by operating via such domiciles. The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor's country - or "onshore". Locations favored by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens.
Offshore centers are widely used and are accessible to anyone who can meet the minimum investment amount or pay the obligatory fees required to open such an entity. Investopedia indicates that, "More than half of the world's assets and investments are held in offshore jurisdictions and many well-recognized companies have investment opportunities in offshore locales."
Right, that's it then! Expelled from Mozambique and banned for 10 years... Read more. Its network of journalists published several articles on an Islamist insurgency wreaking havoc in Mozambique’s remote northern Cabo Delgado province, where oil companies have invested billions of dollars in offshore gas exploration projects ... Reuse this content. .
“When you have a market for offshore wind projects as we do today, that brings in investment capital ... "It's still in its infancy, but a confluence of factors makes offshore wind an extremely attractive investment opportunity," says Erik Milito, President of the National ...
This ambitious offshore wind project appears to be BP’s way of putting its money where its mouth is ... The two wind projects come as BP pledged to spend $5 billion a year in low-carbon investments as part of its renewable energy strategy ... Oil majors are perhaps investing in offshore projects as it is familiar territory.
Last month, SSE submitted a bid to develop Denmark's largest offshore windfarm, called Thor, in partnership with Danish investment fund Copenhagen Infrastructure Partners... SSE's investment in a global expansion would be multiplied by further funding from investment banks and other project partners, he added.
Last month, SSE submitted a bid to develop Denmark's largest offshore windfarm, called Thor, in partnership with Danish investment fund Copenhagen Infrastructure Partners... SSE's investment in a global expansion would be ...
Ramaphosa said the government had developed a R340 billion infrastructure investment project pipeline which will be targeted at energy, water, transport and telecommunication ... The president said the country remained an attractive destination for investment by local and offshore companies.
We have now developed an infrastructure investment project pipeline worth R340 billion in network industries such as energy, water, transport and telecommunications ... The Infrastructure Investment Plan identifies roads projects worth R19 billion covering the spine of the South African road network.
They note that the government spending bill passed by Congress in December allows offshore wind projects to qualify for a 30% federal investment tax credit — but only if they begin construction by 2025 ... offshore wind farms and solar-plus-battery projects in the San Joaquin Valley.
Meanwhile, Total teamed up with Macquarie’s Green Investment Group to win the rights for a 1.5 gw project off the UK coast ... BP’s second major foray into the offshore wind sector, having earlier teamed with Equinor for a project in the US.
... farm off Rhode Island, the first offshore wind project in the United States ... They note that the government spending bill passed by Congress in December allows offshore wind projects to qualify for a 30% federal investment tax credit — but only if they begin construction by 2025.
The UK has more offshore wind capacity than anywhere in the world, with 37 projects made up of nearly 2,000 turbines ... The size of the crown estate’s windfall has reignited calls for the profits of the offshore wind industry to be channelled into a “green sovereign wealth fund” that could invest in more green energy projects or local communities.