In the ever-evolving global regulatory landscape, the OECD and local governments continue to implement international regulations to combat tax evasion by taxpayers on their foreign financial accounts and cross-border investments.

Clients may hold one or more entities with investment accounts, which under FATCA, the IGAs, or CRS may have to be classified as financial institutions.

At Amicorp, we continue to maintain close monitoring of all new regulations. We are well-positioned to help you meet all the reporting requirements. Our compliance team can help financial institutions, family offices, high-net-worth individuals, asset and fund managers with all the FATCA and CRS compliance requirements, from entity classification, registration at local and IRS portals, due diligence on account holders, annual reporting of FATCA and CRS reportable accounts and completing W8 and self-certification forms.

Our FATCA/CRS services include

Entity Classification

Determine the classification of an entity as Financial Institution-Investment Entity (FI-Investment Entity) or Non-Financial Entity (NFE), either Passive NFE or Active NFE. The FATCA and CRS Classification reports will be prepared and are accessible through our online portal giving full insight into classification and the basis of classification. Classifications will be aligned with the respective banks / FI’s where financial accounts are held.

Prepare W8 Forms and Self Certificates
Authorizing Person (AP) and Principal Point of Contact (PPoC) services
Due Diligence of New Entity Accounts and New Individual Accounts
Pre-Existing Account Due Diligence and Enhanced File Review
Annual Reporting
System Analysis
Training and Consulting
Outsourcing Services
Tax disclosure by UBO’s and compliant structuring

Amicorp can assist clients with the impact of increasing transparency on the tax disclosures and compliant structuring. Upon your request, we can review your existing structure or your entire client portfolio to assess the local disclosure compliance and determine if restructuring measures are favorable or necessary.

We provide compliance, regulatory, risk management, and corporate secretarial services. We can also provide corporate governance services and a statutory managing director or trustee – keeping you compliant with regulatory and local filing requirements.

For more detailed information about our services, for enquiries or proposal requests, please contacta local office in the applicable jurisdictions, your local Amicorp Account Manager, or our dedicated team of experts.

You can also send us an enquiry at fatca-crs.helpdesk@amicorp.com.

Our professionals

Eric Boes, Global Head – Regulatory Reporting and Tax Compliance Services
Manjunath Janardhanaiah - Team lead