Minister of Finance of Cyprus has signed the USA Foreign Accounts Tax Compliance Act (FATCA) Intergovernmental Agreement between Cyprus and USA (Intergovernmental Model 1 Agreement Foreign Account Tax Compliance Act) with the US ambassador, on the 2nd December 2014.

This agreement requires Cypriot Financial Institutions to identify financial accounts held by U.S. citizens or by entities that are incorporated in the U.S. or controlled by certain U.S persons and report those accounts annually to Cyprus Income Tax Authorities.

In relation to the USA Foreign Accounts Tax Compliance Act (FATCA), Grandis Securities Ltd is a Reporting Model 1 FFI.

Grandis Securities Ltd is registered with the Internal Revenue Service (IRS) and its Global Intermediary Identification Number (GIIN) is 3I97SV.99999.SL.196