crs

Hey everyone, I'm on the lookout for a SEPA (EU based EMI) current account that can be opened online by non-EU citizens and non-EU residents, without needing an EU residence permit or a tax code from any EU country. Also, I'm looking for options that work for people from countries outside the...

After reading this forum, my conclusion for using non-CRS/ secret payments". Use case: would like to make smaller payments like 400 EUR per month. Receiver has a crypto account and can cash it out easily. I suppose he has KYC for cashing out. He is in a different country. Options 1) Prepaid...

Hello, I recently had some gambling income into my Revolut account, which I subsequently sent back to the gambling site and lost. In my home country, this income is taxable even if the money was lost. I understand that Revolut reports information through the Common Reporting Standard. I’ve...

Hello Forum Members, I am reaching out to gain a better understanding of the reporting requirements for depository accounts under the AEOI and CRS frameworks. The CRS documentation refers to "The total amount of gross interest paid or credited to the account in the calendar year or other...

I left the EU for Africa a few years back. I kept my EU bank account and several brokerage accounts (eToro, DeGiro) under a family address. I continue to add funds to these accounts. What are the risks and implications of the broker finding out I'm no longer a resident? Will they freeze my...

Just been informed, from next month CRS will move forward in Thailand, it appears 'residents' will also have their information bundled and shared with their home country even if non-resident. Data (transactions) go-back-to 2023 year, for some 2022. All automated, every transaction (they can't...

Hi, I just wanted to ask if I am a Canadian passport holder but have obtained UAE residency (with Emirates ID) and I apply to the bank and use my Emirates ID and provide a local UAE address will the bank still report my accounts to Canada? Thanks in advance.

Axel, a citizen of Germany, and a fiscal resident of Germany, opens a Revolut account and a N26 account and uses both of them daily (cash withdrawals, purchases...). One day Axel meets Maria from Barcelona and falls in love, head over heels with her. Maria goes back to Barcelona, and Axel...

Hi, lets say you are currently based in a EU country , have different bank accounts (wise, revolut, german bank accounts- real banks), Paypal and also broker (Interactive Brokers) and move out of EU to Dubai. You become a Dubai resident, so there shouldnt be CRS anymore. 1) Will this also be...

Been wondering : Living in a CRS country like UAE. Your freezone company has a IBKR account, personal euro account in Portugal, personal Binance account. In all 3 places the CRS reporting is done to UAE because you informed them of your residency. Question : Now could for example Germany or...

So very silly questions but I only can ask this stuff here... I have this Wise account that have an old address of a friend in London as I received the card there and then never change it because Wise never asked me for anything. I am now in South America and I use the card here. Should I change...

Hi, I've been living in Portugal for the past few years, made some money, and now considering moving to my home country (within the EU). I'm considering a few options concerning CRS and fiscal residence: NOT changing my address on financial institutions and NOT telling Portugal I'll be...

Hello, I'm from Poland and have Delaware LLC for software projects, working with US based company. LLC has Mercury bank account. Initially, my idea for a setup was to hide ownership with Wyoming LLC, not so sure anymore that could help. My questions: 1. Is there a way for me to delay personal...

Hi, I've been reading about CRS on this forum and still have doubts about my situation. 1. I'm Spanish but living in Portugal (NHR). I also happen to hold a second passport (Ireland). I'm considering opening a broker to buy stocks and was wondering if it makes sense to use my second passport...

I just got a remote job in the US as a citizen of the EU. I'm looking for EMI (?) which could provide a USD account I can give to my employer so there is no trace of it in my country. Looking at how many transactions are "in the system" I doubt someone will ever check it, so it is just a matter...

I have seen many threads and posts around CRS and reporting accounts under 10K euros. People ask: Is there a lower limit for when the banks report to the tax authorities? Will my account information be reported to the IRS if I do not use my offshore account? Will my account be reported if I...

I am Dubai resident and Cyprus Tax resident. From what I understand CFC (controlled foreign corporation) Cyprus laws mandate me to pay Cyprus corporate profit tax on my foreign company's profit. So as long as Dubai bank considers me local resident and doesn't report me to CRS, I am safe. But if...

For example, checking GK Bank International, with headquarters in San Juan PR -- even mentioning "USA" as Country instead of Puerto Rico on their website, even though it's actually Puerto Rico, I am not quite sure.. There is a difference between USA and Puerto Rico when it comes to...

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...

Hi, is advcash Visa eur card reporting under CRS?