Can I open a brokerage account if I am not a US citizen?

Does appointing US resident Power of Attornery for my trading account affects my NRA status?

  • Does appointing somebody who is US resident as a Power of Attornery for my trading account affects my Non Resident Alien status? I am Not US citizen or Green Card Holder. I have not Visited United states ever. But, I am going to appoint my friend who is US resident as a Power of attornery for my trading account with US brokerage for Trading US SECURITIES. Does US Power of attornery affcets my Non resident alien to Resident alien status for tax purposes in United states ? I am not talking about : 1.Tax in my Home country 2.Interests from Bonds or Dividends Thank you.

  • Answer:

    It should not. But FINRA and the IRS are always looking out for shady dealings. Any transactions must be made by a US citizen and all monies must be reported and its origins.

pps p at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Your NRA status is not affected by a POA.

ninasgramma

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.