Non-US Investing • Keeping Vanguard account as Non resident Alien

Thanks for the information ukusinvestor. Your suggestion is definitely a good consideration and had been on my mind as TedSwippet also had mentioned recently that he was looking at the possibilities of Schwab account. Also, it might offer a path to avoid the 30% withholding tax too, as they appear to treat NRAs differently. It's definitely something I'm now going to serious look into...in the meantime I had some positive news to wake up to this morning and it would appear (after me sending a serious complaint earlier this week to Vanguard and calling out their discriminatory behaviour against NRAs), that they have miraculously agreed to add / link my USA Wise US Inc USD Account now after checking all the other information that I had sent them. So hoping there are no other roadblocks to take withdrawals/distributions...but still their decision to take 30% tax withholding leaves a sour taste as hadn't planned for that change happening earlier this year, but on the surface a step forward for now...but Schwab might still be a far better option full stop. As this journey continues to evolve will share any insight to help others and definitely going to look at Schwab. Thanks ukusinvestor.

For anyone interested, I opened a joint brokerage account at Schwab international and it was a hassle free effort. The account is fully functional and the system didn't allow me to proceed without filing a W8-BEN. Kept the warning message on until my spouse and I filled in the details. The only catch is $25k needs to be invested when opening, but transfer of assets counts. So working on that front now. Fingers crossed everything is smooth with them going forward.

Statistics: Posted by TedSwippet — Wed May 08, 2024 9:10 am — Replies 87 — Views 25594