Can Indian citizens buy shares of companies listed in foreign stock exchanges? What are the rules and regulations to understand?
Yes, There are two ways Indian investors can buy shares of companies listed on foreign exchanges. The easy and the hard way.The hard way:Most domestic brokerages in India have tie-ups with international brokerages. To directly invest in the Apples and Facebooks of the world, an Indian resident investor needs to enable overseas trading through their domestic brokerage.Last I checked, investors had to move a certain minimum amount of money to their international brokerage account. Commissions for trading on U.S. stock exchanges are 0.75% or $9 per trade, whichever is higher. Other less liquid markets have similar or higher transaction costs.At some point, this process will become seamless enough that shares of GOOGL and ASIANPAINT will sit in one consolidated account. Don’t hold your breath.The easy way:At last count, I found 37 international equity mutual funds. Many (not all) funds are “feeder” funds, i.e. they put their invested capital into a master fund that’s actively or passively managed based according to its investment mandate.Details of the 37 funds, their AUM, investment philosophy, past returns and top holdings available in this post: How Indian investors can invest in foreign equities | The Calm Investor
How can a non-US citizen buy stocks of publicly listed companies in NASDAQ and NYSE?
As each Economy link with each other in concern of FDI (Foreign Direct Investment) and FII (Foreign Investment Institution). obviously an Non-US citizen can trade in stocks listed in NASDAQ and NYSE.If you have heard about the FII Investment in Indian Economy in different sectors or companies that result the ultimate growth of economy as that increase the foreign currency reserve of economy.Foreign institutional investors (FIIs) are those institutional investors which invest in the assets belonging to a different country other than that where these organizations are based.To invest in Stock Listed in NYSE or NASDAQ Trader need to open Demat account with local broking house like icicidirect and others and may also open Demat account with international broking house.For all this some rules and regulations an investors have to follow like annual limit for overseas remittances for individual investors to $200,000 and the whatever the profit that you will receive would be a capital gain and taxable under the head of foreign income.Stock Market tips | Free Share Tips | Stock Tips
Can foreigners trade shares directly on the Indian stock market?
I am an Individual from Australia and I decided I wanted to directly invest in Indian stockmarkets a few months back. I emailed all the different companies that were `supposed` to help me and I found that the only company that were willing to help me create an Indian account (with demat account and pan number) was the stockholding corporation of India. I am still trying to get through the procedure though and the account is not opened yet. I have written about my quest to become a foreign portfolio investor in my blog Investing in India for foreignersI think individuals like myself trying to invest directly in the Indian stockmarket is quite rare and I think it is mostly the institutions that are doing it.
What is the best online brokerage platform for a non-US resident? Which respectable companies allow International accounts?
There are lots of good brokers cheap brokers available. I use interactive brokers, trade-king, etrade and have used Saxo in the past. The biggest thing to keep in mind though is that non-US residents holding US assets (including shares, ETFs or property) are liable to US estate tax (upto 40%).If you are a non-US resident you should try to hold stocks based outside the US. There are ETFs that trade US stocks that are domiciled outside the US.There is big exemption for US residents from estate tax (5.45 million) but only $60,000 for non-U.S. residents.It is nuts and it is amazing that this isn’t more widely known. It has nothing to do with whether the brokerage is based in the US or outside. It is about where the assets (i.e. the company that the shares are in) is domiciled. Although note, money on deposit in a US bank is not considered to be US “in situ” but money in a US brokerage is.IRS link: Some Nonresidents with U.S. Assets Must File Estate Tax ReturnsDeloitte: https://www2.deloitte.com/conten...Holding assets through a company (i.e. an entity that never dies) might be worth doing depending on your holding and whether you would be liable to capital gains tax on ‘disposing’ of the assets that go from you into the company.The only certainty is death and taxes.
Can I buy penny stock listed on the NYSE or NASDAQ if I am Indian and live in India? Can I and should I purchase stock in the London Stock Exchange or Hong Kong Stock Exchange?
Hi,How can an Indian investor invest in foreign stocks?As Resident of India you are allowed to Invest in International markets, we have some Indices on NSE like Dow Jones and S&P 500. This is the safest and the best way to trade foreign stocks or indices.There are a couple of banks who also run brokerages who offer overseas trading account for you to invest into international stocks (note that presently these platforms let you trade mostly stocks listed on the US stock exchanges). But this is not advisable simply because I presume the cost of opening an account will be high and the paperwork will be humongous. If you really want to trade foreign stocks, it's best for you to go abroad, live there for a while and then get yourself an account opened with a local broker there. This will get you in the right way and you'll be able to participate like a local would.Hope it helped :)
How did the the Internet get started?
Did a lot of people get together and put this all into what it is today or did just one very very smart man think of of this, one day when it was raining out and. This may sound funny but it all had to start from some place! was there a lot of people or was there just one man that did all of this,no matter who did it . it had to be HArd!!
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