Brokerage accounts for US Citizen residing in Singapore

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
mbert
Posts: 15
Joined: Thu Mar 08, 2018 10:05 pm

Brokerage accounts for US Citizen residing in Singapore

Post by mbert »

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.
nelsona
Posts: 18359
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Brokerage accounts for US Citizen residing in Singapore

Post by nelsona »

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 :D
mbert
Posts: 15
Joined: Thu Mar 08, 2018 10:05 pm

Re: Brokerage accounts for US Citizen residing in Singapore

Post by mbert »

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.
Post Reply