The list of non CRS countries 2019 - 2025

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 authorities, which the Organisation of Economic Co-operation and Development (OECD) has developed. It's purpose is to combat tax evasion.

Lots of information I know, but hope it helps people to understand what the list is about and how important it can be for one looking for total privacy.

here is the list in alphabetical order:

• Armenia
• Cambodia
• Dominican Republic
• Republic of Georgia
• Guatemala
• Kazakhstan
• Macedonia
• Montenegro
• Paraguay
• Philippines
• Puerto Rico
• Serbia
• Ukraine
• United States (Consider FATCA RULES) !!

You need to check each country as time goes since this is a ever changing world and the fact that some countries actually will be part of the CRS is a ever lasting threat.

 

[AtlasShrugged]

Algeria has strict capital controls for banks, Algerians can't get their own money out. Why would you put money in that you cannot get out? Black hole indeed.

What's your source for this claim? Does it come from your own experiences?

 

[oldtimer2]

Do not confuse CRS with MCAA. Both are completely different and have not much in common.

seems there is CRS MCAA and CbC MCAA too.

 

[jorge]

Do not confuse CRS with MCAA. Both are completely different and have not much in common.

Can you explain the difference, I always thought there was only CRS ?

Is it worth to start a new thread with up to date countries, information and regulations for 2024 / 2025 ?

 

[JonnyStekkino]

United Arab Emirates (Dubai) qualifies too. Even though they officially participate in the CRS, this doesnt apply for their residents. So if you get a Residence Visa in the UAE, you have automatically non-CRS status. This is fact - even though not published officially.

This is generally valid for any country? or just Dubai? what about Bahrain?

 

[JackAlabama]

This is generally valid for any country? or just Dubai? what about Bahrain?

this is generally valid for every country. crs is not for residents. However they can be overzealous banks which report to passport country too (even though its not automatically supposed to happen).

 

[kokunut]

passport country too (even though its not automatically supposed to happen).

to passport country? are you sure?

 

[JackAlabama]

to passport country? are you sure?

yeah but it depends on the bank.
its possible yes, its not prohibited. They can also report to indicia e.g. you putting in a brazilian phone number and they report there as well.

 

[EliasIT]

yeah but it depends on the bank.
its possible yes, its not prohibited. They can also report to indicia e.g. you putting in a brazilian phone number and they report there as well.

It's probably rare that they do, but of course, anything is possible.

 

[JackAlabama]

It's probably rare that they do, but of course, anything is possible.

yeah i conclude its pretty rare.

 

[LegitBananas]

This is generally valid for any country? or just Dubai? what about Bahrain?

I think he is saying just getting a residency VISA means UAE doesn't report you, even if you are not a 'tax resident' and only live there 1 day per year. I wonder if there's any source that confirms this. I doubt it

 

[JonnyStekkino]

I think he is saying just getting a residency VISA means UAE doesn't report you, even if you are not a 'tax resident' and only live there 1 day per year. I wonder if there's any source that confirms this. I doubt it

Yes I understood that part, I'm asking if this is valid for UAE only or any country

 

[hofo]

I think he is saying just getting a residency VISA means UAE doesn't report you, even if you are not a 'tax resident' and only live there 1 day per year. I wonder if there's any source that confirms this. I doubt it

IF the UAE does not report I wonder why people are fleeing from Dubai now ?

 

[JackAlabama]

IF the UAE does not report I wonder why people are fleeing from Dubai now ?

are that many people leaving these days?

 

[hofo]

I don't know but read threads here where people say people do that why I ask ?

 

[ImKing]

Isn’t this list somewhat redundant, given that most countries (if not all) now report in one way or another, making it no longer possible to hide a bank account from the authorities anywhere? It takes much more effort to do this today, and we should keep this discussion within the Mentor Group rather than here.

If anyone thinks they can escape their fate by having an account in a non-CRS country, I think they’re in for a rude awakening one day when they’re sleeping soundly, believing their money is safe.

 

[providenceventurer]

As long as that's 'sitting' not passing through - im good with that.

If its passing through, i'm gonna keep circulating funds till i raise a credit line to drain, may as well get the benefit of CRS

Can you elaborate on this ,i couldnt understand what you mean by credit line to drain and how will you do it in detail please.Sorry if i sound stupid i am a newbie here just joined today.I see a lot of posts from many members,thank you all for sharing your knowledge.