Brokerage accounts for US Citizen residing in Singapore
Moderator: Mark T Serbinski CA CPA
Brokerage accounts for US Citizen residing in Singapore
My understanding for non registered brokerage accounts is that you cannot hold a US brokerage account while residing in Canada and vice versa. I was wondering if there is a similar provision for US citizens residing in Singapore? Can a US citizen living in Singapore maintain a non registered US brokerage account? Any info on this or relevant sources would be much appreciated.
Re: Brokerage accounts for US Citizen residing in Singapore
The best source would be your broker. The reason one cannot have these accounts while in Canada is because it contravenes CANADIAN, not US, regulations. Singapore may or may not have such regs.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: Brokerage accounts for US Citizen residing in Singapore
Okay much appreciated, thanks nelsona. To your point, I touched base with my brokerage and can confirm as of now there are no issues for a US citizen living in Singapore maintaining a US brokerage.