facebookAs an Expat leaving Singapore, is it worth to keep investments in Singapore in ETFs etc? - Seedly

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Anonymous

16 Sep 2021

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As an Expat leaving Singapore, is it worth to keep investments in Singapore in ETFs etc?

Exploring, how easy or difficult would it be to maintain and operate account from outside country. Any foreseeable challenge due to phone number or singpass, any recommendations, experiences are appreciated.

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Nicholas Beh

Edited 18 Sep 2021

Student Ambassador 2020/21 at Seedly

This is not tax advice.

It should not be an issue as long as you declare your tax residency correctly with your broker. As an expat, it would definitely be beneficial if you used a broker with a substantial international presence such as IBKR for more flexibility.

The bigger issue is with tax reporting, and that largely depends on your tax residency. Some countries require you to pay capital gains tax as well. Since you mentioned that you are an expat, you should consult with your company's tax advisor to get things ironed out before you leave Singapore.

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