1

I am a citizen of India. I would like to buy some OTC stock which is listed in Nasdaq.

What is the procedure? Do I have to find a US broker?

Is it mandatory to fill W8 Ben form for Indians?

Do I have to pay tax in US and India as well?

If I buy a OTC share certificate from a person, and when it gets listed in Nasdaq, will I be able to sell them from India?

Thanking you in advance for taking time to answer these queries.

Regards Bharat

  • NASDAQ is an exchange and OTCs aren't traded on exchnages. Are you sure you saw an OTC being traded on NASDAQ. I might need to some evidence. Is it mandatory to fill W8 Ben form for Indians, all foreigners trading on US exchanges have to file. – DumbCoder Aug 28 '14 at 10:23
  • Thanks for your reply. I went on Nasdaq.com and entered its Symbol to check out. I even checked out its monthly chart and today's price. So how do I buy them now and what is the limit to invest for an Indian? – Bharat Aug 29 '14 at 9:00
1

According to this page on their website (http://www.kotaksecurities.com/internationaleq/homepage.htm), Kotak Securities is one big-name Indian broker that offers an international equities account to its Indian customers.

Presumably, they should be able to answer all your questions.

Since this is a competitive market, one can assume that others like ICICI Direct must also be doing so.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.