I have currently moved from one EU country to another. I want to cut as many ties as possible with my home country, but I do wonder, will the country I have moved to, inform my home country? Does anyone here have any experience or knowledge regarding this? Also, my home country is not my country of citizenship. I just happened to have been born and grown up there.
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Do EU countries inform each other where you have moved?
- Thread starter thedirtyteller
- Start date
What about the bank? If you update your residency/tax residency with the bank after you move will there still be ties to your home country if you opened an account while being a resident there? Let's say it's a swiss bank, not the bank in your country of residence
This I would also like to know since I do own a bank in the country of my citizenship.
If I read the many threads about CRS etc. right the reporting by the bank will go to the country to where you moved and not the country where you lived.
But I can be wrong @Martin Everson @Sols any of the Gurus around that can clarify?
But I can be wrong @Martin Everson @Sols any of the Gurus around that can clarify?
My thought is that if you don't move out properly (example: some eu countries require you to report the residence change) they would request an account statement from the bank and the bank will provide them everything they want. Hope I'm wrong.
In that case the below thread is very interesting
https://www.offshorecorptalk.com/th...rmany-before-moving-to-the-next-country.38448I read it yesterday and for the first time I heard about the services mentioned there, not sure if they are real and if it really works, but 60 EURO / month is nothing to hide where you are.
What do you mean by "my thought" ? Do they request a bank statement or not? If that's the case then you might as well go to the neighboring country and use the last transactions at some restaurants etc and make it seem you were just on a vacation.
Based on Council Directive 2011/16/EU your former resident country might want to verify your new tax situation and can easily pull the new resident situation. But exchange is not automatic. You might also want to consider keeping the country issuing your ID documents informed about your residency,
Some countries (like France and possibly Scandinavian countries and others) may inform the tax authorities of the country of emigration of cross borders transfers (for example I live France for Poland and I transfer funds to my bank account in Germany : in that case French tax authorities may inform Polish tax authorities in case they don't know about my account in Germany...)
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