Published: 16.10.2025
The automatic exchange of information affects Russian tax residents who hold bank accounts in the UAE, as well as controlling persons of foreign companies who are Russian tax residents. The change concerns the transfer of tax information between the two countries.
According to the source, UAE bank accounts held by Russian tax residents are now covered by automatic tax-information exchange. This makes the correct determination of tax residence and the treatment of foreign accounts more important for Russians relocating to the UAE while retaining tax ties with Russia. Controlling persons of foreign companies who are Russian tax residents are also affected, which is particularly relevant to business owners and entrepreneurs. The development is less significant for employees without UAE accounts or foreign corporate structures, but account holders and business owners should pay attention to it.