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Topic: Non-Resident Alien Invester

kellog1
New Member

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posted

Hello,
I am non US citizen. But living is US legally for 4 yrs now. Are they any specific rules that are enforced on foregin citizens in order to trade stocks [Roll Eyes]

?

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Kellog1

Posts: 2 | From: US | Registered: Jun 2005 | IP: Logged |

Bob Frey
Member

Member Rated:

posted

Contact a broker to be sure. But I don't think there is anything special.

Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000 | IP: Logged |

Purl Gurl
Member

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posted

I believe here in America you only need to have
a Social Security number for tax purposes.

A bank account is helpful for transferring money
into or out of a brokerage account. A valid mailing
address is usually needed to establish an account.

Some countries, such as Australia, require citizenship.

Posts: 7504 | Registered: Dec 2003 | IP: Logged |

frugalgranny
Member

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posted

If you are a legal resident of the U.S. (greencard, etc), then you would be fine and all you need is a social security number.

If you were living outside the States you would need to fill out an IRS form W-8 BEN.

Note: if you are a legal resident, do NOT open an account using non-resident alien status.

My husband is a legal resident with a greencard and we had to learn about this when we opened our account. I hope the info helps.

Julie

Posts: 39 | Registered: Mar 2005 | IP: Logged |

kanalgeruch
Member

posted

quote:
Originally posted by kellog1:
Hello,
I am non US citizen. But living is US legally for 4 yrs now. Are they any specific rules that are enforced on foregin citizens in order to trade stocks ?

if you are claiming NOT to be suject to US-laws you would have to file W-8BEN (certificate of foreign status of beneficiary owner). However, since you are living in the US for 4 years and your residence is in the US you should have absolutely no problems opening trading account - as long as you provide the SS#.

Posts: 218 | From: Grungteb | Registered: Nov 2004 | IP: Logged |

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