FATCA and CRS for Family Offices: Information Exchange
Complete guide to FATCA (US) and CRS (international) reporting for family offices.
FATCA and CRS for Family Offices
[Full English version]
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Open the calculatorFrequently Asked Questions
Does RAKEZ family office need to report accounts to USA?
Yes if US persons involved (citizens, green card holders). FATCA requires reporting RAKEZ FO accounts if US person is shareholder. Threshold $50K. Failure to report = 30-40% penalty. Use W-9/W-8BEN forms with bank.
Does CRS information exchange with Russia?
Yes, UAE reports RAKEZ FO accounts to Russia through CRS. Russia then knows about holdings. But it doesn't automatically mean taxes - only if you ARE Russian tax resident. If UAE resident - Russian tax doesn't apply.
Keywords
FATCACRSautomatic information exchangetax reportingAEOI
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