Client Account Opening Questionnaire for Physical Persons

If you are a tax resident in more than one jurisdiction, please provide TIN - Tax Identification number  for each jurisdiction and its country of issuance: 

This information is required according to Standard for Automatic Exchange of Financial Information in Tax Matters

 The “Standard for Automatic Exchange of Financial Information in Tax Matters” known as the Common Reporting Standard (CRS), that was developed in response to the G20 request and approved by the OECD Council on 15 July 2014, in order to improve the international tax compliance. Further to this, we refer you to the recently published Ministry of Finance’s Decree conserving the implementation of CRS in Cyprus. The said decree was issued in accordance with the Assessments and Collection of Taxes Laws of 1978 until 2015 by virtue of section 6 (16) of the Law.

Moreover, is noted that under the CRS, Financial Institutions (FIs), including Investment Firms, that are domiciled in countries that implement CRS (e.g. in Cyprus), are required to collect and review information from their clients in order to determine their tax residence. This information will need to be reported to the local Tax Department (e.g. Cyprus Inland Revenue Department) where on a later stage the information with be exchanged with other foreign tax authorities of the countries of tax residence of each client who holds an account, provided that they are residents of countries that also implement CRS.]

This information is required according to the Foreign Account Tax Compliance Act (FATCA) and Standard for Automatic Exchange of Financial Information in Tax Matters : 

The Foreign Account Tax Compliance Act (FATCA) is a United States (US) tax law aimed at financial institutions and other financial intermediaries to prevent tax evasion by US citizens and US tax residents through use of non-US investments or accounts. Cyprus has entered into an intergovernmental agreement (IGA) with the US to implement FATCA in Cyprus. Under the IGA, the Company acts as the reporting financial institution that will have identification and reporting obligations with regard to FATCA. The Company intends to fully comply with FATCA obligations as determined by the FATCA regulation, the IGA and any associated guidance from the Cyprus Inland Revenue Department (IRD). These obligations include, but are not limited to, the identification and documentation of the FATCA status of our clients. The Company shall also report to the IRD certain information on applicable clients. The IRD shall in turn report this information to the US Internal Revenue Service (US IRS).

 Please consult your tax or professional adviser should you wish to understand the implications of FATCA on your particular circumstances. The Company is not liable for any loss you may suffer as a result of the company’s compliance with FATCA.

Ocupation Information

 Assessment of Appropriateness 

Complete, up-to-date and accurate information is required to be provided to the Company in order to properly assess the appropriateness of the services and products provided to the Client.
2. Over the past 2 years, to what extent have you traded on your own decision the following financial products?

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