How to Invest Outside of USA (non-us resident)

SO one of the most requested videos I get is how do I invest in America if I live outside of America. And it’s honestly a great question.

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1. Rumors that are Stupid
– You do not have to be US citizens to invest in Stocks
(it’s just a lot easier to verify your identity when you are, and when you are a resident/green card holder) – I started investing with my green card before I became a citizen
– The only thing is that you will need to give them extra verification to identify you ( this is because of the patriots act back in 9-11 to prevent weird stuff going on)
– So consider it an extra layer of identification

Now here is a gift from me to you
– If you want to find a broker the easier way is to go on this website
– And type in your country and it’ll tell you the broker you can actually sign up for and start investing with
– But in this video, I’ll go over the options and share my thoughts on the brokerages.

2. Problems and what you need
– Btw just to get this out the way, the reason some US brokers don’t allow International users, is because there is a language barrier, Regulation, and a lot of complexity
– So that’s why only firms that are big are willing to deal with the extra workload.

Problems:
– There are some tax implication also: dividends usually taxed at a flat rate of 30% and capital gains taxed not charge by US but by where you are their tax on foreign markets ( you’ll need a form W-8BEN, this if you are investing in the US but are not a resident and if your country has a treaty with America, this saves a lot of money on taxes)

What you need
– Paperwork to confirm your identity ( they will thorough)
– Some brokers require minimums up to but limited to 25k)
– So keep that in mind.

3. Options:
– TD Ameritrade ( works with over 100 countries) – its commission-free trading but no fractional shares
– Interactive broker ( works with 220 countries) – a little cheaper than TD and pretty good
– Charles Schwab One International ( works with over 100 countries but needs a minimum deposit of 25k)
– Zacks Trade ( over 200 countries) – $2,500 minimum

More options if you can qualify
– Or international brokers ( in your country )
– Or buy directly American companies that are a part of the foreign exchange

Links:
https://www.stockbrokers.com/guides/internationaltrading

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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