I hold for years a "quiet" or "almost dormant" account in one onshroe jurdiction, now newly CRS this year 2025.
The bank never asked me much, and account was open with a passport not any more valid and out of date due renewable passoport with new number of identification.
Lately they asked to complete their Certfication Form with the outdated passport, to complete my country of residence and TIN.
Which I did, also and giving me some time to think about situation/solutions.
Can I trick the end of year AEOI and avoid infos to be linked to my actual TIN and tax country by performing :
1) I apply for one new ID card with the Palau ID program. Once obtained, newly re-declare to my bank the updates about my new Palau ID and "adress".
My new TIN number will be the same as the Palau ID card .
Dumb ?
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Subsidiary solution
2) transfer by Swift some or all the funds, via a trusted third party to provide a lawyer of clouds, to safe friend's account located in SEA ( => I don't want to leave tracks of the funds from origin to final recipient)
The Bank junridicitionin SAE is already CRS for already 6 full years. But never care to ask my friend to fill any Certfication From to decalre TIN or tax residency.
My safe friend did not declare this account in her tax jurdicitions. But he did for another one located in the same juridiciton in SEA.
After 6 years, it appears he was never reported of any kind in her tax juridiction.
=> of course any of those 2 SEA bank could some day wake up and claim to fulffil Certification Form to request TIN and more.
=> this safe friend is not tend to hold accounts in this SEA juridicition, because by local law he must be temporary or permanent resident but he's never been.
=> both accounts work fine in local currency, Euro and Dollar for now almost 10 years.
3) any trick or suggestions from you guys are welcome.
We are not in Crypto. Neither of us can move abroard this year to set up physicaly any type of new abroad non Crs or low tax residency.
We can eventualy quickly go with a tourist visa to Serbia in search of new bank account in Serbia.
Thanks to all for your eventual participation of any kind.
The bank never asked me much, and account was open with a passport not any more valid and out of date due renewable passoport with new number of identification.
Lately they asked to complete their Certfication Form with the outdated passport, to complete my country of residence and TIN.
Which I did, also and giving me some time to think about situation/solutions.
Can I trick the end of year AEOI and avoid infos to be linked to my actual TIN and tax country by performing :
1) I apply for one new ID card with the Palau ID program. Once obtained, newly re-declare to my bank the updates about my new Palau ID and "adress".
My new TIN number will be the same as the Palau ID card .
Dumb ?
---------------------------------------
Subsidiary solution
2) transfer by Swift some or all the funds, via a trusted third party to provide a lawyer of clouds, to safe friend's account located in SEA ( => I don't want to leave tracks of the funds from origin to final recipient)
The Bank junridicitionin SAE is already CRS for already 6 full years. But never care to ask my friend to fill any Certfication From to decalre TIN or tax residency.
My safe friend did not declare this account in her tax jurdicitions. But he did for another one located in the same juridiciton in SEA.
After 6 years, it appears he was never reported of any kind in her tax juridiction.
=> of course any of those 2 SEA bank could some day wake up and claim to fulffil Certification Form to request TIN and more.
=> this safe friend is not tend to hold accounts in this SEA juridicition, because by local law he must be temporary or permanent resident but he's never been.
=> both accounts work fine in local currency, Euro and Dollar for now almost 10 years.
3) any trick or suggestions from you guys are welcome.
We are not in Crypto. Neither of us can move abroard this year to set up physicaly any type of new abroad non Crs or low tax residency.
We can eventualy quickly go with a tourist visa to Serbia in search of new bank account in Serbia.
Thanks to all for your eventual participation of any kind.
