Open A bank account in a country That Does Not Have Common Reporting Standards
Common Reporting Standards is an international reporting guideline and practice, that allows foreign governments to identify countries where their citizens are holding a bank account.
Approximately 60% of countries globally are sharing information about their bank’s customers with the client’s home country.
The remaining 40% generally in the process of preparing the country’s financial and regulatory framework, in order to abide by CRS.
Complete list of countries applying Common Reporting Standards in 2025
Banks in countries that are a member of Common Reporting Standards (CRS), are obligated to automatically share information about their customers (not financial status but the fact that an account is held in a foreign country), with the customers home country, to ensure financial transparency.
Government in countries where Common Reporting Standard is practiced, can expect to have information about the their country’s national automatically provided without any resistance by banks in the country where the account is held.
- Albania
- Andorra
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Barbados
- Belgium
- Belize
- Bermuda
- Brazil
- British Virgin Islands
- Brunei
- Bulgaria
- Cameroon
- Canada
- Cayman Islands
- Chile
- China (People’s Republic of)
- Hong Kong, China
- Macau, China
- Colombia
- Cook Islands
- Costa Rica
- Croatia
- Curaçao
- Cyprus
- Czech Republic
- Denmark
- Dominica
- Ecuador
- Estonia
- Faroe Islands
- Finland
- France
- New Caledonia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guernsey
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Kazakhstan
- Kenya
- Korea
- Kuwait
- Latvia
- Lebanon
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Mauritius
- Mexico
- Moldova
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Nauru
- Netherlands
- New Zealand
- Nigeria
- Niue
- Norway
- Oman
- Pakistan
- Panama
- Papua New Guinea
- Peru
- Poland
- Portugal
- Qatar
- Romania
- Russian Federation
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Saudi Arabia
- Senegal
- Seychelles
- Singapore
- Sint Maarten
- Slovak Republic
- Slovenia
- South Africa
- Spain
- Sweden
- Switzerland
- Thailand
- Trinidad & Tobago
- Türkiye
- Turks & Caicos Islands
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Vanuatu
Countries that are not part of the International Common Reporting Standards CRS in 2025
While many countries are working towards joining a unified international financial system that allows complete financial transparency, not all countries around the world are part of this reporting standard as of 2025, where information about a customer is automatically provided to their country of birth, or country where the customer is holding a citizenship, if the customer have multiple nationalities.
- Afghanistan
- Algeria
- Angola
- Bangladesh
- Belarus
- Benin
- Bhutan
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Burkina Faso
- Burundi
- Cabo Verde
- Central African Republic
- Chad
- Comoros
- Democratic Republic of the Congo
- Cuba
- Djibouti
- Dominican Republic
- Egypt
- El Salvador
- Eritrea
- Eswatini
- Ethiopia
- Fiji
- Gabon
- The Gambia
- Guatemala
- Guinea
- Haiti
- Honduras
- Iran
- Iraq
- Jordan
- Lesotho
- Libya
- Madagascar
- Malawi
- Mali
- Mauritania
- Mozambique
- Myanmar
- Namibia
- Nepal
- Nicaragua
- Niger
- Paraguay
- Philippines
- Serbia
- Sierra Leone
- Somalia
- South Sudan
- Sri Lanka
- Sudan
- Syria
- Tanzania
- Togo
- Tunisia
- Venezuela
- Vietnam
- Yemen
- Zimbabwe
How to Open a bank account in a non CRS (Common Reporting Standard) country
Customers looking to open a bank account in a foreign country where common reporting standards is not practiced, can do so entirely online with certain banks that offer remote bank account opening services.
- This means it is not necessary to travel to the country where the bank is, an online video call with the banker is sufficient to open the non resident bank account for business or personal.
Some banks may request the client to visit the branch in person before the account can be opened.
- In such cases, it is necessary is possible to obtain an approval or rejection prior to the visit in order to not waste a trip.
Non Common Reporting Standard Where An Offshore Bank Account Can Be Opened
Since not every single Non CRS country offers banking to international customers, only a small list of banks countries in Non CRS countries are possible to open a bank account for non resident individuals and foreign incorporated companies.
As of November 2025, it is possible to open a bank account in countries that are yet to apply Common Reporting Standards practice in:
- Bangladesh
- Bosnia
- Cabo Verde
- Cambodia
- Comoros
- Guyana
- Laos
- Mozambique
- Namibia
- Puerto Rico
- Serbia
- Sri Lanka
- Vietnam
- Zimbabwe
It is important to consider the reputation of the jurisdiction where the non resident bank is situation, when deciding which country is the best to open a bank account that does not apply Common Reporting Standards.
Offshore banking in countries that apply Common Reporting Standard
Countries that the most reputable financially, economically and politically, usually apply Common Reporting Standards and are the best countries open a non resident bank account for business needs, as well as for individual transactional and investment purpose.
In 2025, more than 50 countries offers nonresident bank account opening for customers that are looking to bank in a CRS compliant country.
- Andorra
- Antigua (Antigua and Barbuda)
- Armenia
- Austria
- Bahamas
- Belize
- Brazil
- Bulgaria
- BVI (British Virgin Islands)
- Cayman Island
- Cooks Island
- Curacao
- Cyprus
- Dominica
- France
- Georgia
- Germany
- Gibraltar
- Greece
- Guernsey
- Hong Kong
- Hungary
- Isle Of Man
- Jersey
- Kazakhstan
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malaysia
- Mauritius
- Monaco
- Montenegro
- New Zealand
- North Macedonia
- Oman
- Panama
- Poland
- Portugal
- Romania
- San Marino
- Serbia
- Seychelles
- Singapore
- Slovakia
- Spain
- St. Lucia
- St Kitts and Nevis
- Switzerland
- Taiwan
- Thailand
- Turkey
- United Kingdom
- Vanuatu
How BUH consulting can assist
Our team will work with you to understand your requirements, eligibility criteria and apply for your business and personal bank account with the most suitable banks and assign relationship managers from various offshore banks that can onboard your account for your company.
Identifying the reason for opening an offshore bank account in a foreign country is the first step.
- The important question to ask is, which of your needs are not being fulfilled by your current banks?
Contact information
For a tailored solution, contact us to discuss about your requirements.
Email: – sam@buh-consulting.com
Phone: +971585086656
Whatsapp: +971585086656
Telegram: BUHConsultingAE