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Can a Thai citizen invest in a U.S based ETF fund?


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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

 

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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. 

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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 by GiveMeAColdOne
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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%.

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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.

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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

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