Capital gain tax or dividen tax on foreigner

[nzmisc]

Hi, I am a Malaysian, currently not living in MY, never live/visit in Europe before and new to shares. I think thinking of investing in us, uk or europe shares. Since I am new to shares, I want to start from the country which has the least tax for foreigner as I plan to do long term share investment (so..might have dividen).

My questions:
1. How much is the dividen tax and capital gain tax for US, UK and Europe countries?
2. Any recommended online broker for long term investment purposes?

tks!

Cheers

 

[Ross S]

Hi,

I do not have the expertise you need, but be warned that financial security is more important than tax rates.

Countries are concerned about Crime and MONEY LAUNDERING, they also do not want money entering the country for Terrorism (in the country or affecting its neighbours) and they do not want foreign people/firms having a tax advantage over their own people, so they are very careful to regulate the importation and exportation of money.

If you break any of the regulations the Law will not help you, which means you will get no protection, which means you are likely to be ripped off.

I suggest that you need to undertake considerable research after all Capital gains tax does not apply if you make a loss or somebody steals all your money! Dividends have to be paid into a Bank Account and this might also be a problem.

I would suggest that you decide where you want to live and deal through that stock exchange

Good Luck you will need it.

 

[james1989]

Hi, I am a Malaysian, currently not living in MY, never live/visit in Europe before and new to shares. I think thinking of investing in us, uk or europe shares. Since I am new to shares, I want to start from the country which has the least tax for foreigner as I plan to do long term share investment (so..might have dividen).

My questions:
1. How much is the dividen tax and capital gain tax for US, UK and Europe countries?
2. Any recommended online broker for long term investment purposes?

tks!

Cheers

The US market is the biggest and best for variety and you can trade international shares via ADR's.

Tax would most likely be paid to your own government.

I use Firstrade, cheap and reliable.

Regards