QUOTE(jasontoh @ Jul 16 2007, 05:52 PM)
WHOOA.. man.. dreamer, you just gave away the secret to backdoor investing in US. You all need to read a few post up see 'em.
Yes, anybody in Malaysia actually can open account with a brokerage firm in US and you can even buy great stocks like GOOG, AAPL, IBM, etc. or Mutual Funds of your choice.
Also, BN kept a very close eye on how much money you're transmitting out of the country, just don't do it in one lump sum (<RM10K per transac).
As non-residents, you'll be subject to withholding or have to pay US taxes as non-resident (1040-NR), the capital gains as not subject to tax because you'll be doing arm-chair trading using your computer from Malaysia.
This post has been edited by netfan: Jul 17 2007, 10:19 AM
Jul 17 2007, 10:18 AM
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