Offshore Client definition
Offshore Client means Party B, or any entity which beneficially owns substantially all of Party B's outstanding voting securities, is not organized or incorporated under the laws of the US and not engaged in a trade or business in the US for US federal income tax purposes; and
Offshore Client means (i) an entity not organized or incorporated under the laws of the U.S. and not engaged in a trade or business in the United States for U.S. federal income tax purposes, (ii) any natural person who is not a U.S. resident or (iii) any entity not organized or incorporated under the laws of the United States substantially all of the outstanding voting securities of which are beneficially owned by persons described in (i) and (ii) immediately above and “Decision Maker” means the person making the investment decision and/or placing the order on behalf of Counterparty.
Examples of Offshore Client in a sentence
In addition to Part 1, Part 2, containing specific Sections on our Services, will only apply to you depending on the Services it has been agreed we will provide and depending on whether you are an Onshore or Offshore Client.
Most of these Wealth Management Terms of Business will apply to you whether you’re an Onshore Client or an Offshore Client.