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Emi have CRS?

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Educate

Entrepreneur
Thx for help, i was not sure about emis
Crypto exchange as kraken, bitstamp,coinbase.... ask for passport and utility bill, they inform too? where ? passport countrie or bill countrie?
if its bill would be nice gave another countrie ))
Very good question. Does anyone know if Bitstamp, for example, fall under umbrella of automatic CRS reporting?

They aren't really a bank or EMI.
 

numibo

New member
From the people who run financial institution.
Which financial institution? This is your personal opinion, nothing more. It is enough to read the last 5 pages of the forum, with detailed interventions, to understand that you are wrong. You can believe what you want, but I don't understand why you want to alarm those who use EMI. If you can prove what you say, then you will be believed.
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
<...>
According to the OECD, on an annual basis, nations in the agreement will automatically exchange the following information:

  • • Name, address, and Taxpayer Identification Number
  • • Date and place of birth
  • Bank account number
  • • The account balance at the end of the proper calendar year, or, if the account was closed, report of its closure
  • • Information on the relevant financial institution
  • • Relevant information on capital gains in that year, depending on the type of account
<...>

 

numibo

New member
<...>
According to the OECD, on an annual basis, nations in the agreement will automatically exchange the following information:

  • • Name, address, and Taxpayer Identification Number
  • • Date and place of birth
  • Bank account number
  • • The account balance at the end of the proper calendar year, or, if the account was closed, report of its closure
  • • Information on the relevant financial institution
  • • Relevant information on capital gains in that year, depending on the type of account
<...>

Would this be your source? This applies to banking institutions, not EMIs. Study well before answering. You have therefore indicated your company's website as a source, I understand that you need to increase your business, but by source we mean an official or institutional document or website. Best wishes!!
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
Would this be your source? This applies to banking institutions, not EMIs. Study well before answering. You have therefore indicated your company's website as a source, I understand that you need to increase your business, but by source we mean an official or institutional document or website. Best wishes!!

Ok whatever. Do your own research. ;) First stop - OECD website. Then study what actually is EMI.
 

numibo

New member
Ok whatever. Do your own research. ;) First stop - OECD website. Then study what actually is EMI.
Study for yourself and for your business, read the forum and documents well.
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
Study for yourself and for your business, read the forum and documents well.

Thank you for recommendations. ;)
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
Maybe you know what they do with corporate accounts under CRS ?

what about Monese since they don’t require that you have an address so to which country are they gonna report ?

I have never used Monese, so I can't really be sure, but from what I found on their website, they let you have a corp account with a passport only for UK registered company. That means it's a local thing, no CRS is involved.

In other cases, it's shared with the UBO's tax residency country.

P.S. keep in mind, if you hold an account with a unique IBAN that is assigned to you (or your business) and you are allowed to send/receive money from/to 3rd parties (equivalent to a normal bank account), the information about the UBO/account holder will be shared.
 
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numibo

New member
P.S. keep in mind, if you hold an account with a unique IBAN that is assigned to you (or your business) and you are allowed to send/receive money from/to 3rd parties (equivalent to a normal bank account), the information about the UBO/account holder will be shared.
I see you continue to spread unfounded and undocumented information. I understand you are selling offshore bank accounts, but the strategy of spreading misinformation about EMI by intimidating those who use them will not help you sell new offshore accounts. You have to document what you say. For now we know that EMIs are not obliged to join the CRS, this has been widely debated and this idea is shared. Can you prove otherwise? If you can try it, I'll change my mind, if you can't try it, avoid writing nonsense. Thank you.
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
I see you continue to spread unfounded and undocumented information. I understand you are selling offshore bank accounts, but the strategy of spreading misinformation about EMI by intimidating those who use them will not help you sell new offshore accounts. You have to document what you say. For now we know that EMIs are not obliged to join the CRS, this has been widely debated and this idea is shared. Can you prove otherwise? If you can try it, I'll change my mind, if you can't try it, avoid writing nonsense. Thank you.

Don't you think that I care what you, sir, think, but I will share this with other readers, so they would be sure about this. You are just a lazy kid who will rather be spending time there and writing about nothing, instead of trying to figure this out and prove me wrong.


Page 12

View attachment 2246

On page 15 you can find a list of non-reporting financial institutions.

I understand you are selling offshore bank accounts, but the strategy of spreading misinformation about EMI

For your information, the word "offshore" doesn't mean it will remove the CRS factor. The jurisdictions can be found here: Exchange relationships - Organisation for Economic Co-operation and Development

Many of our clients get accounts in EMI's, so I have no interest in talking nonsense.
 

numibo

New member
Don't you think that I care what you, sir, think, but I will share this with other readers, so they would be sure about this. You are just a lazy kid who will rather be spending time there and writing about nothing, instead of trying to figure this out and prove me wrong.


Page 12

View attachment 2246

On page 15 you can find a list of non-reporting financial institutions.



For your information, the word "offshore" doesn't mean it will remove the CRS factor. The jurisdictions can be found here: Exchange relationships - Organisation for Economic Co-operation and Development

Many of our clients get accounts in EMI's, so I have no interest in talking nonsense.
So based on what you say, TW also joins the CRS exchange, lying when it declares on the official website that it does not communicate information to the taxman?
 
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