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It is, however, a fun day to become a Tesla shareholder.
by fizx 13y ago
It is, however, a fun day to become a Tesla shareholder.
- StavrosK 13y agoDoes anyone know if it's possible for a foreigner with a US bank account to buy/manage stock there? Preferably online.
- drx 13y agoYou need a brokerage account with access to the US stock market. There are a few that allow foreigners.
- rohansingh 13y agoI believe Charles Schwab provides global investment solutions that allow you to purchase US stock.
- btian 13y agoYes. Check out Interactive Brokers
- vidarh 13y agoYes, most US brokerages will accept foreigners. There's just a couple of things to pay attention to. - Make sure you know the tax arrangements between your country and the US, and file whatever documentation is needed. In the US, you'll probably want/need to file a form W-8BEN with the IRS (http://www.irs.gov/uac/Form-W-8BEN,-Certificate-of-Foreign-Status-of-Beneficial-Owner-for-United-States-Tax-Withholding http://www.irs.gov/uac/Form-W-8BEN,-Certificate-of-Foreign-S...) to prevent withholding taxes in the US. Most brokerages will be used to that anyway. - Documentation of your identity. If you have a US bank account already, this will likely be trivial for you. But sometimes US financial institutions gets finicky about this. I had a US bank account with Chase years ago as I had a small business where I had to process a reasonable number of US cheques, and processing them with a non-US bank would effectively eat everything in fees. I ended up having to go to the US embassy to get an apostille attached to copies of my passport and the application form (basically someone had to watch me sign the documents, and match them to my ID and then attach a document and seal as evidence that they had certified my signatures). Other times they don't care at all - it appears to be down to who has been subjected to cranky auditors and/or concerns about money laundering recently or not...
- StavrosK 13y agoThanks for that, it sounds like there's potential for getting in a bit of a hassle. Hopefully it will be fine, thanks again.
- speleding 13y agoWhy not simply use an online broker in your own country? I assume any online broker will allow you to buy stock on Nasdaq, where Tesla is traded. (I'm in Europe and just bought some Tesla stock through an online trader)
- StavrosK 13y agoOh. That might be simpler, I didn't know they could do that. I'm not very familiar with the stock exchange, thanks.