Trading in foreign stocks is now more popular than ever. Please note that before you can start trading in US stocks, your KYC information must have been updated or the W-8BEN form completed and signed. Updating KYC information can be performed by making contact via the chat service or by sending a message through our website or apps.
Certain taxation-related documents are required of the bank (QI documents), if its customer owns or intends to buy securities of a US issuer.
With this documentation, we ensure that the tax treaty between the USA and Finland is applied to customers. The treaty entitles the customer to receive income from US securities at a tax rate based on the tax treaty between the countries. Dividends are tax at 15% and fixed income at 0%. Without the treaty, the tax rate is 30%.