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

[ubonr1971]

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

 

[Digitalbanana]

9 minutes ago, ubonr1971 said:

Can Thai citizens do this? 

If they open an international brokerage account, yes.

[ubonr1971]

6 hours ago, Digitalbanana said:

If they open an international brokerage account, yes.

with what company? Any in Thailand?

[1FinickyOne]

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. 

[NoDisplayName]

I've heard good reports about Schwab International.

No personal experience.

 

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

[GiveMeAColdOne]

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.   

[alex8912]

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

[malathione]

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%.

[rwill]

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. 

[john donson]

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

[ubonr1971]

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.....

[DaveInSukhumvit]

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.

[ubonr1971]

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

[DaveInSukhumvit]

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

can we apply directly at SCB? thanks for the link

Yes