Investing in the US after moving back to India.
Sep 22, 2020
16 Comments
I’m planning to move back to India after 10-12 months for some family reasons.
How does investing in the US work after moving back to India? Can I keep using something like RobinHood or would I need to move my portfolio to Fidelity or a brokerage account before moving?
Also, until when can we keep investing? Are there any constraints/rules while filing taxes both in India and the US?
Nevertheless, I’m assuming we mustn’t close our bank accounts here while moving back. Anything else I should ensure?
YoE: 1.5
TC: $250K
comments
You will have to file W8BEN form with your brokerage. If Robinhood doesn't accept W8BEN, move to TD.
Need to pay tax only in India after you stayed more than 180 days in India. However have to file tax returns in both country if you do stock sale in any given financial year.
Just figure out the taxation rules in US and India. US encourages foreign investments and I know few folks from India trading in NYSE and they never been to US
2/ you cannot invest in index and mutual funds but in etf and individual stocks
3/ you can keep retirement account as-is and take some money out as needed (discuss with your cpa)
4/ tax bracket and rate and which country will charge tax talk to cpa