DAC8 and the End of Offshore Secrecy
Nuno Freitas • January 5, 2026
Is Offshore Secrecy for EU Residents dead?
As of January 2026, the DAC8 Directive has expanded the automatic exchange of information to include crypto-assets and tighter reporting on foreign bank accounts. For European residents, the “invisibility” of a US bank account is a myth of the past. The goal for 2026 is not about hiding money, but about legal efficiency—structuring your US LLC so that its existence is fully disclosed but its tax burden is legally optimized through deferral




