aeoi

Hello Members, I'm reaching out to inquire about Swissquote Bank's (Switzerland entity) reporting practices regarding tax authorities in Europe. Specifically, I'm interested in knowing whether they report the bank accounts of European citizens to the European tax authorities. Additionally, I...

If someone has a offshore company, for example in Dubai, and opens a bank account in Seychelles with companies physical address in Portugal (as the offshore company itself has no physical address in the UAE only P.O.), and the 100% shares owner, director and benefical owner (also the one who...

As a few wise men on this forum have predicted, reporting of crypto assets under the Common reporting standard (CRS) may not be that far - It is the OECD’s intention to report back on the Crypto-Asset Reporting Framework (CARF) and the amended CRS under the Indonesian Presidency of the G20 for...

Since March 2021 twelve countries now automatically share information on companies with no economic substance and where beneficial owners are non-resident. I think non-resident folk with companies in the below countries may be in for a letter from their tax man. Anguilla Bahamas Bahrain...

Hello everyone. I hope you are doing very well. As I Have been learning a lot there's a question that comes to my mind. Let's imagine you are the UBO of foundations and trust entities and hire staff to manage it for you like manager, director and secretary. However you have corporate...

Hi guys, So, I heard that the Interactive Broker has many branches (UK IB, AU IB, HK IB etc). And except for IB LLC in the US, these branches are joined with CRS. My questions: 1. Can investors choose to be registered as a US IB client? 2. Are there other online brokers who don't join CRS...

Good afternoon OffshoreCorpTalk team, I was wondering if you'd know any bank which will allow to non residents to remotely open an account (just as Atlantico, Dukascopy, N26) and belonging to a Non AEOI country. I'm not sure but there are a couple of states... Albania Angola Antigua &...

I have compiled the below small list for all of you to get a quick overview of what countries don't participate in the CRS (The Common Reporting Standard) which is an information standard for the Automatic Exchange of Information (AEOI) regarding bank accounts on global level, between the tax...

Hi guys, My business partner and I (Bahrain resident) are planning to incorporate a BVI company and BVI corporate bank account. My business partner being an Australian citizen is concerned how the AEOI CRS policies will affect his Australian tax liability status. As far as I know BVI does not...

As said in the title ... Is it still any meaning to create an offshore company as, with aoei, bo of the she bank account will be reported ? (Event with nominees)

Hi guys, wanted to share the AEOI status of commitments. Below you'll find each country in his category (compliant, will be compliant, will be compliant by 2019/2020 and non compliant. Hope this helps. JURISDICTIONS UNDERTAKING FIRST EXCHANGES IN 2017 (49) Anguilla, Argentina, Belgium...

Anyone please can answer whether some of these online companies (Paypal, Skrill, Neteller) report the balance according to AEOI as of now, or not ? If not, when will they start doing so pls ?

hi guys, I have two citizenship : number 1 and number 2. I live in country number 2. What if I open a company and a corporate bank account in a third country where I don’t live and I don’t have citizenship using my ID papers from country number 1 where I don’t live? The bank will report to...

Since most countries are under OECR AEoI Common Reporting Standard regulation or FACTA there is information they send at end of December every year to respective jurisdictions. So I am interested which law and paragraph governs WHAT KIND OF INFORMATION has to be sent to respective jurisdictions...

There are plenty of EMIs like Revolut, Monese, BUNQ, N26 and others, but the question is - are these payment processors subjects of OECD, AEOI, CRS reporting standards? At end of year do they report to clients jurisdictions the balances on the client's accounts OR their annual turnover? If...

Is there a bank in a non AEOI/CRS jurisdiction where you can open a personal bank account remotely?

I am considering being the investment advisor for an IBC that's managing investments for a foundation. The IBC will need a bank account and a brokerage account. As the IBC's investment advisor, I would open the accounts and state the IBC as the owner, but with myself listed as the business...

Hello, am a european passport holder, residing in Hong Kong. Will the UBO of a RAK Free Tade Zone/Dubai company be reported? Based on my understanding of the AEOI, it will not be reported. If i open another offshore company in Mauritius/Seychelles and get a bank account in these...

Didn't see this mentioned around here, thought I'd put this up. What's important to know when planning your tax structure are the recent agreements and protocols concerning automatic tax information: Multilateral Competent Authority Agreement (MCAA) (MCAA signatory states), Automatic Exchange...