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[a] [ ] "offshore" does not refer to the location of the ofc (many fsf – imf ofcs, such as luxembourg and hong kong, are located "onshore"), but to the fact that the largest users of the ofc are nonresident (e.g. they are "offshore").
of ofcs, [c] and in june , another revised quantitative-based list of eight major ofcs, who are responsible for % of ofc financial flows (which includes, ireland, the caribbean, [d] luxembourg, singapore, hong kong and the netherlands). [ ] the removal of currency and capital controls, the early driver...
https://en.wikipedia.org/wiki/Offshore_financial_centre