Website Last updated:
June 26, 2026
A step-by-step flowchart guide designed to help entities in the UAE determine their status and reporting obligations under the Common Reporting Standard (CRS). It helps businesses identify whether they qualify as a Reporting Financial Institution (e.g., Custodial Institution, Depository Institution, Investment Entity) or a Non-Reporting Financial Institution.
Flowchart for identification of CRS reporting Financial Institutions Common Reporting Standard ( CRS ) Do you have reporting obligations under CRS in the UAE?
No Yes No Yes *See next page for details Yes No *See next page for details Do you hold a commercial or trade license in the UAE or are otherwise a registered business in the UAE? Not required to report under CRS in the UAE Do you meet any of the following definitions as per the Common Reporting Standard?: • "Custodial Institution" • "Depository Institution" • "Investment Entity" • "Investment Entity - Managed by a Financial Institution" • "Specified Insurance Company"* Not required to report under CRS in the UAE Are you a "Non-Reporting Financial Institution"* as per the CRS requirements? Non-reporting Financial Institution Not required to report under CRS in the UAE You meet the definition of a Reporting Financial Institution under CRS and are required to report under CRS in the UAE Register on Ministry of Finance Portal https://fatcacrs.mof.gov.ae/#/ Entities which have reporting obligations under CRS in the UAE (Reporting Financial Institutions) Depository Institution Do you accepts deposits in the ordinary course of a banking or similar business? $ Custodial Institution Do you hold "financial assets" on behalf of others? Does your gross income from holding financial assets account for 20% or more of the total gross income as per the CRS requirements? Specified Insurance Company Do you issue, or are you obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract? $ Investment Entity Do you primarily conduct any of the following for or on behalf of a customer: i. trading in money market instruments; foreign exchange; exchange, interest rate and index instruments; transferable securities; or commodity futures trading; ii. individual and collective portfolio management; or iii. otherwise investing, administering, or managing Financial Assets. Investment Entity - Managed by a Financial Institution Are you managed by another Entity that is a Depository Institution, a Custodial Institution, a Specified Insurance Company, or an Investment Entity? and Is your gross income primarily (≥50% of gross income) attributable to investing, reinvesting, or trading in Financial Assets? Entities which are financial institutions but do not have reporting obligations under CRS in the UAE (Non-Reporting Financial Institutions) Non Reporting Financial Institutions Are you a financial institution that is: • a Governmental entity? • an International Organisation? • a Central Bank? • a Broad Participation Fund? • a Narrow Participation Retirement Fund? • a Pension Fund of a Governmental Entity, International Organisation or Central Bank? • a Qualified Credit Card Issuer? • an Exempt Collective Investment Vehicle? • a trust (where the trustee of the trust is a Reporting Financial Institution)?
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