Offshore operations refer to business activities conducted outside a company's home country, often in different jurisdictions. These operations can include manufacturing, service provision, or financial activities, typically aimed at reducing costs, accessing new markets, or benefiting from favorable regulations. Companies may establish subsidiaries or partnerships in these locations to optimize their operations. Commonly associated with industries like oil and gas, shipping, and finance, offshore operations can also involve outsourcing certain functions to countries with lower labor costs. This practice allows businesses to focus on core activities while leveraging local expertise and resources to enhance efficiency and profitability.