Keeping this in consideration, can I buy foreign stocks in India?
Liberalized Remittance Scheme – Under LRS,domesticinvestors are allowed to remit a certain amount of moneyduring afinancial year to another country. This money canbe used tobuy foreign stocks and debt instruments inoverseasmarket. We now directly invest in stocks andfunds listed onU.S. Exchanges.
- Open a trading account with brokerage house.
- Submit KYC documents this includes your PAN card andresidentproof such as Voter ID card or latest bank statement.
- Once your account is opened you need to do fund transfer.
- Once fund are transfer you can start trading atonlineplatform.
Accordingly, how do I buy foreign shares?
Foreign Direct Investing There are two ways for investors to buyforeignstocks directly. You can open a global account with abroker inyour home country. Fidelity, E*TRADE, Charles Schwab,andInteractive Brokers all offer this service. The other is to openanaccount with a local broker in thetargetcountry.
While U.S. stocks and bonds are regulatedbyU.S. law, there are no explicit provisionsprohibitingnon-U.S. citizens from investing in theU.S.stock market and many investment firms cater tointernationalclients who wish to purchase U.S.stocks.