My wife is interested in investing in a U.S based fund eg Vangard S&P500 ETF fund. 

 

Can Thai citizens do this? 

 

Ive read a few posts on retirement mutual funds in Thailand and they don't get good reports:

thanks

 

9 minutes ago, ubonr1971 said:

Can Thai citizens do this? 

If they open an international brokerage account, yes.

6 hours ago, Digitalbanana said:

If they open an international brokerage account, yes.

with what company? Any in Thailand?

kasikorn has something. I wanted to invest for my niece but she is a bit too young... I think the age limit might be 21... and this was not available at the typical bank branches but a separate office in Chiang Mai.... PM me if you need info. 

I've heard good reports about Schwab International.

No personal experience.

 

https://international.schwab.com/open-account-intro

More complicated than you think, but definitely doable. Suggest using Interactive Brokers (although Schwab Intl. will work but less options.)  However, as a non-US citizen will be subjected to 20% withholding. To avoid, suggest buying equivalent securities (US S&P UCITS) DOMICILED in Ireland.  Google is your friend, especially advice from Bogleheads.   

Edited July 15, 20242 yr by GiveMeAColdOne

Since she likes VOO which is good she should also invest in VTI. 

1 hour ago, GiveMeAColdOne said:

More complicated than you think, but definitely doable. Suggest using Interactive Brokers (although Schwab Intl. will work but less options.)  However, as a non-US citizen will be subjected to 20% withholding. To avoid, suggest buying equivalent securities (US S&P UCITS) DOMICILED in Ireland.  Google is your friend, especially advice from Bogleheads.   

30% withholding tax on dividends but if you file a W8 BEN, it is reduced to 15%.

14 hours ago, NoDisplayName said:

I've heard good reports about Schwab International.

No personal experience.

 

https://international.schwab.com/open-account-intro

I use it.  Free money wires and they pay for ATM fees too.  The biggest obstacle is needing 25,000 dollars US to open an account. 

30% for dividends in USA + 25% tax tax ? 

6 hours ago, john donson said:

30% for dividends in USA + 25% tax tax ? 

plus the new thai tax law that everyone is talking about re foreign income.....

On 7/15/2024 at 12:15 PM, ubonr1971 said:

My wife is interested in investing in a U.S based fund eg Vangard S&P500 ETF fund. 

 

Can Thai citizens do this? 

 

Ive read a few posts on retirement mutual funds in Thailand and they don't get good reports:

thanks

 

I know one Thai woman investing in this S&P500 fund through SCB Bank.  https://www.scbam.com/th/fund/morningstar/fund-information/scbs-p500e

SCB has a few different funds, so be careful.  Eventually the agent at Emquartier whispered "S&P with "e" means no extra fee.

On 7/18/2024 at 11:00 AM, DaveInSukhumvit said:

I know one Thai woman investing in this S&P500 fund through SCB Bank.  https://www.scbam.com/th/fund/morningstar/fund-information/scbs-p500e

SCB has a few different funds, so be careful.  Eventually the agent at Emquartier whispered "S&P with "e" means no extra fee.

can we apply directly at SCB? thanks for the link

On 7/20/2024 at 12:18 PM, ubonr1971 said:

can we apply directly at SCB? thanks for the link

Yes