FT 180322: https://drive.google.com/file/d/1wFSwHuwZUD...iew?usp=sharing

Is there an update where there don't allow use Remittance agencies for the initial deposit?

If you direct transfer suing wise striaght rejected. If you use wise borderless account, then ok. Cause wise borderless account is a virtual account under your own name.

An in-depth view of the culture behind LSE and its past history which leads to the failure in the Nickel market failure crisis recently:

https://www.wsj.com/articles/inside-the-nic...share_permalink

Emm,... depending on where you preferred your tax residency location to be in, you will first undergo the tax residency test with that ctry. If you pass, that will be your tax resident ctry, and you must receive a certificate as proof of this. This is my most practical answer to your situation.

Wow I can prefer my tax residency in certain locations? That means I can choose my tax residency?

From what I have checked, based on dwRK's advice, the latest version of HK-MY DTA. https://phl.hasil.gov.my/pdf/pdfam/Hong_Kon...UA_366_2012.pdf

Based on the (English version) Article 4, "Resident", I am a MY resident which is the case if I stay less than the 180 days in a year of assessment (or less than 360 days in 2 consecutive years of assessments). But if I meet that requirement, I am considered to be "domiciled in Malaysia", so "by reason of domicile", as paragraph 2a) says I am deemed a resident to Malaysia since my permanent home is available there.

So, to me, there are no two ways about it, I am a MY tax resident. At least that is how I interpret the DTA. You have a different view?

Also, unrelated to this, Takudan have you tried claiming your Nestle WHT from Swiss FTA before? Just want to know the details of the TT fees charged. If I use a local bank account like Maybank I need to pay for the inbound TT fees? What if I use my SG CIMB account, since the TT fees are waived, I presume that can be used to receive the money (i.e., in SGD)?

Thanks.

you always default to TR MY... you can change to TR HK if...

1. got job... work visa/permit start date you become TR HK
2. lepak > 180 days but i think need to apply to HK for letter/cert... usually you dont get a visa stay > 180 days... i dunno what circumstances you'll get this...

there may be special provisions for students like in your case... where you lepak 3-4 yrs, can work max xyz hrs no need pay tax, but will never be considered as TR HK even though meet > 180 day test because you are there for a "temporary" purpose of learning... you best check with HK irb, HK forums, ex HK students, etc...

BT 210322: https://drive.google.com/file/d/1jJZRnwkdXP...iew?usp=sharing

Hello I am a complete newbie here. Want to try buying stocks in the us. Can anyone tell me where to start? Do I need to submit a form to be able to start trading in foreign countries?

Form like this one:

https://pictr.com/images/2022/03/21/BCDKN9.md.jpg

Good news for Swiss stock investors. You can file for WHT refunds for 3 years but send the forms only once at the 3rd year. So save some postage fees.

Also, with regards to bank charges (e.g. TT fees), FTA will send the money from Swiss National Bank without any charges. But watch out for potential incoming fees when the money is routed to your account via potential intermediary bank (I guess during the SWIFT transfer).





This post has been edited by TOS: Mar 21 2022, 07:17 PM

Unfortunately no, but I see you have your answer above 😆👍

Check Ziet Invest YouTube videos on the subject IBKR. Use Wise to fund it.

Get a referral code when sign up for some freebies.

Hello. Are you a newbie to investment as a whole or just specifically IB?

If newbie for investment as a whole, then I suggest books and daily reading of newspapers or financial news website for a start. Otherwise if just new to IB, David has shares some stuffs with you. The IBKR knowledge base and official website are also good for reference. Lastly, you can refer any issues to customer support by creating a new ticket.

As for the forms, for starters, you will sign a W-8BEN form for the 30% dividend witholding tax on US stock dividends when you open the account and opt to enable permissions to buy shares.

The screenshot you showed should be from this page: https://www.bnm.gov.my/fep. You don't need any application in general depending on whether you have borrowed anything (via loans, mortgage etc.) currently:



If you have no debt obligations, you are free to invest any amount. Otherwise, the limit is 1 million ringgit. The screenshot is only applicable if you don't belong to individuals stated above. If you read carefully the line just above your screenshot:



I think it's better to confirm if he is a newbie in investment (the subject) as a whole or just specifically IB. Referral codes are not and should not be the main thing for a complete newbie to bother, at least in first place...

FT 220322: https://drive.google.com/file/d/1SKDqadVKTW...iew?usp=sharing

And one from 香港明报:



罗富家族 refer to the Rothschild family (Mayer Amschel Rothschild is the first generation who kick-started the Rothschild banking dynasty.)

https://en.wikipedia.org/wiki/Rothschild_family

This post has been edited by TOS: Mar 22 2022, 01:03 PM

FT 230322: https://drive.google.com/file/d/1aS9RonnXaA...iew?usp=sharing

Today's 香港明报 column is about private banks' business model.



I like the last line, a popular "story" on Wall Street:

A yacht promoter promotes his yachts: This yacht belongs to that banker, that yacht belongs to this fund manager, the buyer asks: "Where are their customers' boats?"

This post has been edited by TOS: Mar 23 2022, 02:07 PM

anyone using IBKR?
I just got my new account ready but why they're charging fee when it claim the stock trading is 0% fee?

eg. i try to place an order APPL for $160, and when preview the order it show it need to have $161, which is $1 fee incured.

I chose to answer your questions in a practical way earlier, hence, I used the words : choosing your tax residency.

Of course, you must have grounds to be able to prove that you are a tax resident of the ctry that you wised to pay tax in. A ground I can think of is to be able to pass the tax residency test of the ctry in-question.


Think abt it,...

Free things don't come easily. The "free" IBKR Lite and Global Trader service is for US residents only.

https://www.interactivebrokers.com/en/index.php?f=commission

https://globaltrader.interactivebrokers.com/en/features.php (scroll to bottom:



For others, you can only choose tiered or fixed pricing. Initial account setup will default your account to "fixed pricing" where the minimum commission charges is 1 USD. You need to switch to tiered pricing to enjoy a lower minimum per order of 0.35 USD per order.

you're likely on Fixed fees (default).. change to "tiered" at account settings.

Need to trade very large amounts before fixed fees become cheaper.
https://www.interactivebrokers.com/en/index.php?f=commission

This post has been edited by Davidtcf: Mar 23 2022, 04:05 PM

that being said, opening TD Ameritrade SG will be cheaper option to enjoy $0 fee compare to IBKR?