If an offshore company in a EU/CRS jurisdiction (Cyprus) has appointed an individual director who's a tax resident of a non CRS country (Armenia) does this mean that according to Exchange relationships - Organisation for Economic Co-operation and Development there'll be no information exchange at all? Or does it mean there's no an automated IE but upon a request it might be provided?
It can be provided upon request.
If company is a Cyprus resident, it will be reported to Cyprus Tax authority if bank account of this company will be out of Cyprus.
Does a director have a tax residency certificate from Armenia?
Yes he has
Banks report for CRS. I don't see any mention of where bank is? Who has signatory over the bank accounts etc etc?
The bottom line is everybody the bank is aware of that is related to the company (including UBO) and is resident in a CRS country gets the information reported to their respective CRS country.
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