Lux Investing
Non-US resident investing in mutual fund/index fund?
Can non-US residents invest in US based index fund or mutual fund ? What is the typical minimum requirement ? Tax implications ? Can direct me to relevant sites particularly on this topic ?
Public Comments
- This is a two prong question, that can only be answered in general terms. As long as a fund is listed on an exchange, it can be bought just as a stock by a non resident through their bank or brokerage account. Many index funds as well as Closed End Funds are listed (you can check www.morningstar.com for a complete list of ETF's). Please note that as a non resident, you may be subject to witholding tax everytime the fund pays a dividend. Ordinary Mutual Funds are regulated differently and in general cannot be bought by non residents.
