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How is a local TaxID bad?

romashkavarashka

Active Member
Nov 1, 2019
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There're a few countries where I'm going to open a personal bank account. And where a local TaxID is required to open one.
TaxID itself is easily obtained for non-residents in those countries. And I'm not a residents.

Those are CRS countries.

I don't plan to stay in them for a long time, only for a few months per year.


Will having a local TaxID require some paper work or something like this from me?

How's having a local TaxID bad?