Gain timely investment insights on:
By subscribing, you agree to receive research insights and marketing communications from us. You may unsubscribe at any time. See our Privacy Policy for details.
W-8BEN Form is for US Inland Revenue Tax Purpose and it is compulsory for all non-US citizens/residents to have a valid W-8BEN to trade in the US Markets or hold US shares.
It has a validity of 3 years and clients are required to resubmit after the 3rd calendar year. If we do not receive your updated W-8BEN after it has expired, your account will be blocked from buying US shares.
Submission can be made via email to contact@utrade.com.sg
Note:
1. US citizens and residents are restricted from trading in the US market through UOB Kay Hian, due to NASD regulatory policy. Should your citizenship/residency change from non-US to US, you are required to notify us immediately and close your account.
2. Likewise, should your citizenship/residency change from one non-US country to another non-US country, you are required to resubmit the W-8BEN form.
3. Submission of the W-8BEN form does not exempt clients from the withholding tax imposed on dividends/interest.
4. There will not be renewal of W-8BEN notification if you do not hold US shares or trade within 3 years.
