The Foreign Account Tax Compliance Act (FATCA) is US legislation aimed at combating tax evasion by US persons. It requires foreign financial institutions to report information about accounts held by US taxpayers, or by foreign entities in which they hold a substantial interest. We have studied the challenges it creates for businesses in Kuwait and work closely with FATCA specialists in the US to help our clients comply.
How we help
- Assessing whether FATCA applies to your institution
- Account reporting requirements
- Reviewing internal compliance procedures
- Coordinating with FATCA specialists in the US
Who we work with
- Banks and financial institutions
- Investment companies
- Companies with US shareholders
Our approach
Understand the matter
We listen and review the key facts and documents to understand your position and goals.
Clear legal assessment
We explain your options and the potential risks in plain language.
Execution and follow-up
We carry out the work on an agreed plan and keep you informed at every stage.
The information on this page is general and is not a substitute for legal advice on the facts of your matter.