The list of non CRS countries 2019 - 2021

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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.
 
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Bugs Bunny

New member
The bank won't report anything under CRS, but they may respond to requests for information if there is such an agreement between North Macedonia and the requesting country. I don't think North Macedonia has signed a lot of agreements that include exchange of information clauses, though, but it's something to look into. Such requests usually have to be very precise (person X with bank Y, not just a blanket request for all of person X).
Thank you for the quick answer. I doubt there is an agreement between Macedonia and the country in question. What is required to open a bank account in a country such as this one? Usually it's proof of residence, passport, etc.
Quite frankly, I just want to fly over there right now and open an account!
 

Sols

Staff member
Mentor Group Gold
When you travel somewhere to open a personal bank account, you usually want to bring passport, proof of address, bank statements, and one or two written bank/professional references. The last two documents aren't always necessary but it's good to have.

But it's probably good if you contact banks first and ask them.
 

Candoit

New member
Why the hell would anyone think CRS will not be forcefully implemented in all jurisdictions in the next 5yrs?? Banana republics and developing countries will obviously get bullied and put on grey/black risks. Not worth the hassle.

Your local tax authority in 2027 will then ask you to show the last 5 years of bank statements.
 
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