FATCA & CRS Services in UAE & GCC

  • FATCA Compliance : FATCA was enacted by the US Congress in 2010 and requires foreign financial institutions to report information about financial accounts held by US taxpayers to the IRS. This includes accounts held abroad by US taxpayers or accounts held by foreign entities with substantial ownership by US taxpayers.

     

  • CRS Compliance : The Common Reporting Standard, approved by the OECD in 2014, mandates the automatic exchange of financial information among participating countries. It requires financial institutions to report and exchange information about their customer’s financial accounts across jurisdictions. This helps prevent tax evasion and promotes transparency in the global financial system.
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Our FATCA & CRS Compliance Services

  • Compliance Status Administration : We assist in maintaining your FATCA and CRS compliance status, ensuring all necessary reporting and documentation requirements are met. Our experienced team stays up-to-date with the latest regulations and handles the administrative tasks involved in maintaining compliance.

  • Anti-Money Laundering (AML) Requirements : We help you meet the anti-money laundering requirements associated with FATCA and CRS compliance. Our experts ensure that your business has robust AML policies and procedures in place to prevent financial crimes.

  • Corporate Structure Compliance : We provide guidance and assistance in managing complex corporate structures to ensure compliance with FATCA and CRS regulations. Our team helps you navigate the requirements related to entity classification, substantial ownership, and reporting obligations.

  • Benefits of Our FATCA & CRS Services : Expertise and Knowledge: Our team of compliance specialists possesses in-depth knowledge of FATCA and CRS regulations, ensuring accurate and up-to-date compliance.

  • Risk Mitigation : By entrusting your compliance to us, you minimize the risk of penalties and reputational damage associated with non-compliance.
  • Efficiency and Accuracy : We handle the administrative burden of FATCA and CRS compliance, allowing you to focus on your core business activities.

  • Confidentiality : We treat all client information with the utmost confidentiality and ensure that your data is securely managed throughout the compliance process.

If you’re interested in our FATCA & CRS Services in UAE &GCC or have any specific inquiries, please feel free to contact us. Our team at Carltrix Corporate Service Provider is ready to assist you in making informed business decisions through comprehensive market research.

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