Australia brokerage to sg broker

[BrendonA]

If I would like to transfer shares from my Australian broker to sg broker, is the process a tedious one?

Reason is due to maybe coming back home after living in Aus for a few years.

Thanks in advance and appreciate if you can shed some light on this.

[specuvestor]

Hi BrendonA

Shares are not kept with brokers but with the local central depository. Even if it is script I would think you will be keeping it yourself cause brokers don’t do that anymore

So all you need is to open accounts with brokers that has links to the local exchange and by extension they will clear the trade with the local depository.

[opmi]

If I would like to transfer shares from my Australian broker to sg broker, is the process a tedious one?

Reason is due to maybe coming back home after living in Aus for a few years.

Thanks in advance and appreciate if you can shed some light on this.

Are you referring to SGX listed shares?


The only reason (I can think of) why people want to transfer to SG is taxes - capital gains taxes and withholding tax.
Other than that, can just leave it at whatever broker currently holding it now...

[BrendonA]

If I would like to transfer shares from my Australian broker to sg broker, is the process a tedious one?

Reason is due to maybe coming back home after living in Aus for a few years.

Thanks in advance and appreciate if you can shed some light on this.

Are you referring to SGX listed shares?


The only reason (I can think of) why people want to transfer to SG is taxes - capital gains taxes and withholding tax.
Other than that, can just leave it at whatever broker currently holding it now...

Visa expired if unable to extend it. Bank account associated with brokerage account probably need to close once no visa
And no, they are U.S shares

[BrendonA]

Hi BrendonA

Shares are not kept with brokers but with the local central depository. Even if it is script I would think you will be keeping it yourself cause brokers don’t do that anymore

So all you need is to open accounts with brokers that has links to the local exchange and by extension they will clear the trade with the local depository.

Thanks, probably would open account with new brokers first if/when the time comes

[opmi]

If I would like to transfer shares from my Australian broker to sg broker, is the process a tedious one?

Reason is due to maybe coming back home after living in Aus for a few years.

Thanks in advance and appreciate if you can shed some light on this.

Are you referring to SGX listed shares?


The only reason (I can think of) why people want to transfer to SG is taxes - capital gains taxes and withholding tax.
Other than that, can just leave it at whatever broker currently holding it now...

Visa expired if unable to extend it. Bank account associated with brokerage account probably need to close once no visa
And no, they are U.S shares

I have a CBA bank account as a foreigner. I dont think you need to close bank or brokerage account. Check with banks.

[BrendonA]

If I would like to transfer shares from my Australian broker to sg broker, is the process a tedious one?

Reason is due to maybe coming back home after living in Aus for a few years.

Thanks in advance and appreciate if you can shed some light on this.

Are you referring to SGX listed shares?


The only reason (I can think of) why people want to transfer to SG is taxes - capital gains taxes and withholding tax.
Other than that, can just leave it at whatever broker currently holding it now...

Visa expired if unable to extend it. Bank account associated with brokerage account probably need to close once no visa
And no, they are U.S shares

I have a CBA bank account as a foreigner. I dont think you need to close bank or brokerage account. Check with banks.

Thanks opmi! will do