Investing in the US after moving back to India.

NVIDIA
cNcvid

Go to company page NVIDIA

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LinkedIn
cNcvid
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

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TOP 16 Comments
  • New
    chee29

    New

    chee29
    Yes, it's definitely possible.

    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.
    Sep 22, 2020 5
    • New
      chee29

      New

      chee29
      You don't have to pay tax in both countries. You just have file returns in both countries. 1040NR in US. In India, tax percentage depends on short term vs long term capital gains. Think it is around 20-30% for ST gains.
      Sep 22, 2020
    • NVIDIA
      cNcvid

      Go to company page NVIDIA

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      LinkedIn
      cNcvid
      OP
      Thanks! Will dig into this a little more.
      Sep 22, 2020
  • Amazon
    temp0371

    Go to company page Amazon

    temp0371
    You can continue to trade and maintain your current holding even from India
    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
    Sep 22, 2020 0
  • Not likely unless you are citizen or GC holder
    Sep 22, 2020 3
  • Amazon
    onlyL7

    Go to company page Amazon

    onlyL7
    1/ You can keep all your investment in America no problem , reinvest your dividends

    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
    Sep 26, 2020 1
  • Oracle
    hjgk56k

    Go to company page Oracle

    hjgk56k
    Companies do offer stocks to Indian employees too. So, I guess you can do it. But you’ll be taxed around 32% in India
    Sep 22, 2020 1