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Monaco CRS update - list of partner countries
20/04/2017

Monaco has recently published its list of partner countries.

Monaco has now published a list of countries to be considered as partner jurisdictions with respect to the application of the Common Reporting Standard (CRS).

This information is very useful for the Monaco Reporting Financial Institutions who will no longer be required to make declarations concerning Financial Institutions resident in these countries, nor will they be required to report on the controlling parties. This will avoid unnecessary duplicate reporting.

The listed countries are : 

All European Union Countries
Andorra
Anguilla

Argentina
Australia

British Virgin Islands
Cayman Islands

Faroe Islands
Guernsey

India
Iceland
Jersey
Liechtenstein
Mauritius
Norway
Samoa
Saint Kitts & Nevis
San Marino
Seychelles
South Africa

Switzerland

Rosemont Consulting assists clients with compliant tax and estate planning.

The following services are provided with respect to CRS :

► Assistance in classification of entities under the CRS rules
► Assistance in determining whether or not an account is reportable
► Assistance with auto-certification of tax residence for individuals and companies
► Assistance with the effects of any change of circumstance which might be reportable to the financial institutions
► Study of the impact of CRS on entities and accounts owned by the client

Please contact Romain Auriault at r.auriault@rosemont.mc with any questions you might have in respect of CRS