Answer
Yes. If the family office holds financial accounts or entities, it must report under the Common Reporting Standard (CRS) and the U.S. Foreign Account Tax Compliance Act (FATCA), depending on the jurisdictions involved.
Question:When does a family office have to report under CRS or FATCA?
Brief Answer: -
About the Author
Emma Lawson – Senior Editor at WealthShield Asia
Specializing in residency and citizenship programs, Emma covers global investor migration trends.
Disclaimer:
This article is intended for informational purposes only. It does not constitute legal, financial, or tax advice. Please consult a licensed professional for personalized guidance.
This article is intended for informational purposes only. It does not constitute legal, financial, or tax advice. Please consult a licensed professional for personalized guidance.