Frequently Asked Questions
US Markets
W-8BEN Form
Trading in US Markets via Phillip Securities is only available to non-US citizen / non-US resident.
You may do online submission or to sign and mail-in the W-8Ben Form before trading in the US market.
Why is there a need to fill in the W-8 BEN form?
The W-8 BEN form is required to certify your foreign (non-US) status and claim any applicable tax treaty benefits on US source income, such as dividends from US securities.
When will W8-BEN form expire?
W8-BEN form will remain in effect for a period of 3 years, starting on the date the form is signed and expiring on the last day of the 3rd succeeding calendar year. It is mandatory for you to renew this form before the last day of the 3rd succeeding calendar year in order to continue to trade in the US market. Failing which, Phillip Securities Pte Ltd “PSPL” will cease to provide custodian services to your US portfolio.
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