1. Common Reporting Standard (CRS)
As a UAE-licensed financial institution, Luminar Invest Capital DMCC is subject to the OECD Common Reporting Standard implemented by the UAE Ministry of Finance. We collect a self-certification of tax residency from every account holder and controlling person, and report account balances and income annually to the UAE Federal Tax Authority, which exchanges the information with partner jurisdictions.
2. FATCA
Under the UAE-US Intergovernmental Agreement (IGA Model 1), Luminar Invest Capital identifies and reports accounts held by US persons. We are registered with the US IRS and our Global Intermediary Identification Number (GIIN) is available on request. Luminar Invest does not open new accounts for US persons (see eligibility).
3. Client tax obligations
Tax treatment depends on the client's individual circumstances and country of tax residence. Luminar Invest Capital does not provide tax advice. Clients are responsible for declaring income, gains and account balances to their domestic tax authority.
4. Tax documentation provided
- Annual tax statement — realised gains/losses, dividends, coupons, fees, in PDF and CSV
- Cost basis report — FIFO and HIFO methods available
- Transaction history — full ledger exportable in CSV
- Custodian statements — issued by our qualified custodians
All documents are available in your account dashboard under Account → Documents → Tax.
5. Self-certification updates
You must notify Luminar Invest within 30 days of any change in tax residency, US person status, or controlling persons of an entity account. Failure to provide a valid self-certification may result in account restrictions.
6. Contact
For CRS / FATCA queries: contact@luminarinvest.com.