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There is no citizenship requirement for owning stocks of American companies. While U.S. investment securities are regulated by U.S. law, there are no specific p
by toephu2 6y ago
There is no citizenship requirement for owning stocks of American companies. While U.S. investment securities are regulated by U.S. law, there are no specific provisions that forbid individuals who are not citizens of the U.S. from participating in the U.S. stock market.
- user5994461 6y agoYou need to have a local broker/bank to deal in US dollars and in US stocks. While it's easy enough in the UK or Canada, it is really challenging to do for a random individual in most countries in the world.
- klaasvakie 6y agoNot true, I can walk into most banks here in South Africa and open an account that allows me to trade on foreign stock exchanges. Minimum deposits are in the order of USD5k, and require only local ID to open. Doing this anonymously would be much harder, but that's not what you were suggesting.
- user5994461 6y agoDamn. Your African bank is better than my European bank.