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 applied to the current bank accounts, so they "loose" the CRS status?
2) Will the authorities, if they check the accounts, see about the new Dubai location and can ask there?
3) Or is CRS depending where the bank is located?
4) What about Paypal? Its available in the UAE. is it possible to switch the residency to UAE, tell that paypal and they dont do CRS anymore?
Looking forward to your feedback. Tanhk you.
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 applied to the current bank accounts, so they "loose" the CRS status?
2) Will the authorities, if they check the accounts, see about the new Dubai location and can ask there?
3) Or is CRS depending where the bank is located?
4) What about Paypal? Its available in the UAE. is it possible to switch the residency to UAE, tell that paypal and they dont do CRS anymore?
Looking forward to your feedback. Tanhk you.
