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offshore holding company
off·shore hold·ing com·pa·ny (plural off·shore hold·ing com·pa·nies)


noun 
Definition:
 
holding company in tax-friendly environment: an organization set up in a country with relatively low taxation that controls subsidiaries in other countries
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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