Glossary
Offshoring
Meaning & Definition
Offshoring is the practice of relocating business operations, services, or processes to another country to reduce costs, access skilled talent, improve efficiency, or support global business operations. Unlike outsourcing, offshoring may involve setting up or operating a company’s own office or subsidiary in another country.
Importance of Offshoring
- Helps organizations reduce operational and labour costs.
- Provides access to a larger global talent pool.
- Supports business expansion across international markets.
- Enables round-the-clock operations through different time zones.
- Improves operational efficiency and business scalability.
Applicable Rules & Regulations
No specific statutory compliance is directly linked to Offshoring.
Organizations engaging in offshoring must comply with the applicable labour laws, tax regulations, foreign exchange regulations, and data protection requirements of the countries in which they operate.
