Monday, June 20, 2011

Can a Non US Citizen Invest Stock in US?

  • Have to be a U.S. citizen or permanent resident to invest in stocks. You can invest in stocks if you have a social security number.
  • You can buy foreign mutual funds in their home country and invested in U.S. securities for you? The actions would be more difficult. You can contact a broker in your country who will invest their money in foreign stocks for you and then you have to tell you what to buy.
  • Another option is to open a brokerage account online at your home with one of the brokerage firms that buy foreign stocks allows you and then you're on your own, buying and selling through that account. That's not very difficult in reality.
  • Yes, if you have a U.S. address and social security number, you can open an account with a U.S. broker. It might help to have a driver's license or photo ID issued by the state. However, social security number is the main requirement.
  • You will have an identification number from the U.S., either Soc.Sec or work ID, both are acceptable to the U.S. securities industry
  • Call the broker / dealer you are considering using for your transactions, and verify this. I had many non U.S. citizens as customers of my company and have never had any problems or fiscal policy

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