Beneficial ownership
- Banks and registries may require details of the real owners/controllers.
- Nominees do not remove the need to identify the beneficial owner.
- Ownership charts are commonly requested.
CRS and FATCA
- Financial institutions may report account information to tax authorities under automatic exchange frameworks.
- Residency and tax identification information matter.
- Incorrect forms can create future problems.
What this means
- Do not build a structure around hiding ownership.
- Use clean documentation and accurate tax residency information.
- Expect banks, payment processors and providers to ask questions.
Checklist
- Who owns it?
- Who controls it?
- Where are owners tax resident?
- Where is income generated?
- Can the explanation survive bank review?
Need a jurisdiction shortlist?
Use the matcher or send your situation for a practical next step.