91–100 of 105 posts
What about expats without pan card?
You can apply for a PAN card if you are an OCI holder. Refer to form 49AA here - https://www.protean-tinpan.com/services/pan/pan-index.html This can be done online, attestation will be required though of a copy of your tax identification document (SSN card for US)
Earlier quoted context omitted.
You can apply for a PAN card if you are an OCI holder. Refer to form 49AA here - https://www.protean-tinpan.com/services/pan/pan-index.html This can be done online, attestation will be required though of a copy of your tax identification document (SSN card for US)
You should maybe just create your own wiki for all this stuff. It's nontrivial to search it ourselves
Congrats! Very happy to see an ex-BCGer launch an amazing product. Will try it out.
For NRI's who do go to India, just go to any big bank like ICICI, HDFC etc. They will give you special treatment simply because of you are an NRI. Once your bank account is setup, open a Zerodha NRO account by submitting the docs to their local office. It can be done in two weeks if you have all your docs.
But yes it is a bit of a hassle especially if you want to go the NRE account route, so if this company can take away all those hassles then its a great option.
Since the target is Indian expats, that probably doesn't matter much, but be aware the name INRI has strong religious connotations in the West [1]. [1] https://en.wikipedia.org/wiki/Jesus,_King_of_the_Jews#INRI
I'm a Hindu, so my mind definitely did not go there.
[1]: https://www.google.com/maps/@12.8738405,74.8453608,3a,75y,90...
Curious: Why focus on wealthfront for expats? Why not simply a wealthfront for India? I lived in India until 2014—all the SIPs were shitty and ran old school software and UI. Maybe things have changed now, but 98% of India does not do any active investments other than Fixed and savings deposits.
Fun money the way in describing is an extremely small part of your portfolio which you don’t mind doing away with should it tank.
Earlier quoted context omitted.
I see, my status changed from US tax resident to student in Canada so the taxes now apply. I stand corrected. Still I feel it’s unfair in a globalized economy considering it’s reducing liquidity, as in you have to be a tax resident of some other country to avoid this steep tax. For example if you decide to take a year long sabbatical or retire in, say Portugal, you’d have to pay the tax every time you withdraw money…
> I see, my status changed from US tax resident to student in Canada so the taxes now apply. If you stay in Canada for more than 183 days in a year, you are deemed a resident of Canada. I don't understand why the tax applies. > Still I feel it’s unfair in a globalized economy considering it’s reducing liquidity, as in you have to be a tax resident of some other country to avoid this steep tax. It's not an additional…