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This form is to be used when applying to extend a temporary Faroese residence permit as a family reunified spouse based on marriage or cohabitation.
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How to fill out FO/FA3

01
Gather all necessary documents related to the financial information being reported.
02
Ensure you have the correct version of the FO/FA3 form.
03
Begin filling out the personal information section, including your name and address.
04
Complete the financial details section accurately, ensuring all figures are correct.
05
Review the instructions provided with the form for any specific requirements.
06
Sign and date the form where indicated.
07
Submit the completed form by the specified deadline.

Who needs FO/FA3?

01
Individuals or businesses who are required to report financial information to the relevant authorities.
02
Taxpayers who need to declare their financial status for compliance purposes.
03
Anyone applying for permits or licenses that require financial disclosures.
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FO/FA3 is a financial reporting form used by organizations to report their financial activities, particularly in relation to foreign financial accounts.
Individuals and entities that have foreign financial accounts with balances exceeding a certain threshold are required to file FO/FA3.
FO/FA3 can be filled out by providing information about foreign accounts, including account numbers, financial institutions, and balances on specific dates as required by the form's instructions.
The purpose of FO/FA3 is to ensure transparency and compliance in reporting foreign financial holdings, helping to prevent tax evasion and promote financial accountability.
The information that must be reported on FO/FA3 includes the identification of foreign financial accounts, account numbers, names of financial institutions, and the highest account balances during the reporting period.
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