I am gonna repeat my questions from the last year, was anyone from this board (or anyone you know) ever reported according to CRS rules?
The list of non CRS countries 2019 - 2025
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Hello Martin,
which banks/jurisdictions would you consider now to open an account ?
what about cape verde ?
@Martin Everson , thats for this post. I am a little late but which four countries and why ? Please elaborate a little more.
@Martin Everson , your banking preference, would this mean that the company exists in a different jurisdiction and the bank exists in another jurisdiction?
Can anyone confirm if Nepal crs or non crs .And if they report to India if I am Indian citizen?
Any good international bank if your willing to relocate. I wouldn't bother with Cape Verde for banking.
Since 2019 when post was made I would say none any longer. Covid has killed some of those countries economies and some have joined CRS since like Georgia. 2 years is a long time in offshore worlds sadly 😕.
No not necessarily.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Nepal is not a signatory to CRS or even a pending signatory as of Feb 2021.
http://www.oecd.org/tax/transparency/AEOI-Commitments.pdf
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
But there is a Double Tax Treaty between India and Nepal. Sometimes those contain clauses for exchange of information. Might not be automatic (like CRS) but upon request (like a TIEA).
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This is the probably the answer to your question.
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This is the probably the answer to your question.
Nepal, I just question what are you setting up in Nepal that could work international?
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Checking the OECD website and seems UAE is CRS complaint under Automatic exchange of information (AEOI) since 2018. So does offshore make sense there
http://www.oecd.org/tax/transparency/country-monitoring/
http://www.oecd.org/tax/transparency/country-monitoring/
If Nepal is non crs then opening bank account should be fine which will not be reported to India. Because for Indians it is possible to stay 150 days continuously in Nepal without any visa. 😛. A cheap offshore destination to bank maybe.
A person having seychelles ibc - wont it be a perfect place to stash some cash in Nepal ?
Not bad finally there is a loophole spotted here for our fellows in India. Not bad, I always was in the believing India had a tight chain around the balls of their citizens.
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Yes they do and thats why i am trying to find something of value.I think this could be a good start.I Invite others to share their comments and thoughts.
Any idea about prices for opening personal and corporate accounts ?
You have accounts yourself ?
you want to open a new thread in a one of the other forum categories.
Please stick to the topic if you post here!
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I think BDO Philippines is a nice bank
though wouldn't want to hold lots of money there
I made a change to the title so that it fits the current year. Please keep updating the thread if you like it 😉
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Bosnia and Herzegovina my country signed this CRS agreement but first year of automatic exchange is not set yet. So many freelancers here use services such as Payoneer and avoid paying income tax. But I wonder one day when exchange starts if the data exchanged will go back from previous years too or just from the year it started.
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