CRS and FATCA in the UAE
UAE financial institutions report information on accounts held by foreign tax residents to their home authorities.
CRS
Under the Common Reporting Standard, UAE banks collect your tax residence details and report account information for residents of participating countries to the UAE authorities, which exchange it with those countries.
FATCA
Under the UAE–US intergovernmental agreement, UAE banks report accounts held by US persons for exchange with the IRS. See For US citizens.
What it means for you
- Declare all tax residences truthfully when opening accounts
- If you become UAE tax resident, provide a Tax residency certificate to update your status
- Your home authority may receive information on your UAE accounts while you remain resident there
Common questions
Will my home country know about my UAE account?
If you are tax resident in a participating country, your account information is likely to be reported there.
Official sources
We check our guidance against these official sources. Always confirm current fees and rules before acting.