Starter Package: FATCA (Model 1 & Model 2)

Everything you need to determine your FATCA status, register with the IRS, and set up your national (Model 1) or IDES (Model 2) submission channel. Country-specific pricing is listed on the Countries pages.

Who this is for

  • Foreign banks, asset managers, funds/SPVs, trust companies, custodians, and specified insurance companies starting or re-starting FATCA compliance.
  • Institutions operating in Model 1 jurisdictions (report to a local competent authority) or Model 2 jurisdictions (report directly to the IRS via IDES).
  • Groups seeking a uniform, audit-ready baseline across multiple countries.

Outcomes

  • Decision-grade opinion on your FATCA status (FI vs. NFFE; Investment Entity; Non-Reporting/Annex II options).
  • Live registrations: IRS registration with GIIN; national portal/data-sender setup (Model 1) or IDES readiness (Model 2).
  • Reviewer-ready starter documentation for regulators, counterparties, and internal audit.

What you get (Deliverables)

1) FATCA Filing Obligation Opinion (Global)

  • Entity classification: FI vs. NFFE; Investment Entity “managed-by” test; Specified Insurance Company; exemptions.
  • Jurisdiction mapping: Model 1 (local authority reporting) vs. Model 2 (Form 8966 / IDES).
  • Non-Reporting / deemed-compliant checks (including Annex II categories, where available).
  • Clear go/no-go, risks & assumptions, next steps.

2) IRS Registration & GIIN

  • IRS FATCA portal setup; Responsible Officer (RO) and Points of Contact configuration.
  • Submission of registration; GIIN issuance tracking; confirmation pack for counterparties.

3) National / IDES Onboarding

  • Model 1: Local competent-authority portal & data-sender setup (roles, certificates, test readiness).
  • Model 2: IDES technical readiness for direct IRS submissions (Form 8966).

4) Starter Docs & Guides

  • Concise onboarding guide with checklist & screenshots (GIIN confirmation, first submission readiness).
  • Template language for counterparty outreach and basic FATCA status attestations.

Scope & Boundaries

  • Included: Status opinion; IRS registration & GIIN; national/IDES technical onboarding; starter documentation.
  • Not included (covered in other packages): Full governance/process design & data mapping (Build), annual filings and back filings (Run), independent health checks (Assurance).

How it works

  1. Kickoff & data request (entity tree, licenses, products, client profile, existing KYC/W-forms approach).
  2. Analysis & opinion (FI/NFFE, Investment Entity, Model 1 vs. Model 2, non-reporting options).
  3. Registrations (IRS portal & GIIN; national portal or IDES setup).
  4. Handover (starter pack with confirmations and first-submission readiness checklist).

Indicative Timeline

Delivery typically fits a short project window once prerequisites are in place (portal access, corporate approvals). Country-specific SLAs and pricing are provided on the Countries pages.

Prerequisites

  • Authorized signatories for IRS portal and any national portal; nomination of a Responsible Officer.
  • Basic organizational/KYC documentation (legal names, addresses, entity chart, activities, regulatory permissions).
  • Contact details for operational and technical stakeholders (Compliance, Ops, IT).

Helpful resources

Next steps

Pick your jurisdiction on the Countries pages for pricing and local details. When you’re ready to move from registration to operations, add the Build and Run packages.