[Answered] How To Trade In Sgx Nifty From India? Can Indian Trade In Sgx Nifty?

How To Trade In Sgx Nifty From India is a question many Indians search on the internet day in and day out.

Quora is flooded with questions about can Indian trade in sgx nifty?

I’m here to answer this very question of can I trade in SGX nifty from India?

It’s a very simple answer. NO. RBI restricts an Indian individual to either trade-in another country or Forex. 

But I’m here to give the ways to answer your question can we trade in SGX nifty?

If you are reading about trading in SGX Nifty, you ought to know SGX Nifty Trend, else you can’t trade!

BTW. I’m just curious as to why an Indian resident would want to trade in SGX Nifty?

For the sake of it? or For the appreciating Singapore currency vs. depreciating Indian currency. 

Whatever may be your reason, I’m here to show you 2 ways to trade in SGX Nifty being in India or wherever in the World.

 

How To Trade In Sgx Nifty From India?

See in order to trade in SGX Nifty from India, you need to have a bank account in Singapore.

How to open a bank account in Singapore?

There are 2 ways to open a bank account in Singapore. They are:

1. Incorporate a company in Hongkong and open a bank account in Singapore
2. Incorporate a company in Singapore and open a bank account in Singapore.

 

Both of the about methods have their advantages and disadvantages.

Advantages of Opening a company in Hongkong(HK)

1. You need not have a director from Hongkong to open a company. You’ll have the full power.
2. Tax laws and company owner interests are very generous in HK.
3. Government has a fair policy for any foreigner to incorporate a company in HK.
4. Taxation is 18% per annum on the Earnings of the company.
5. No physical address required for incorporating a company in Hongkong.

 

Disadvantages of Opening a company in Hongkong(HK)

1. Recently the Chinese government has stepped to curbing HK residents. If this continues to incorporation, foreign companies are not welcome by the Chinese govt.
2. Book Keeping and Accounting norms are strict and you’ll have to spend in $$$ to get the accounting done.
3. Every year, HK companies should have an annual meeting in HK at least once.

 

Advantages of Opening a Company in Singapore (SG)

1. Taxation is only 17% of the earnings of the company.
2. SG is very welcoming for foreign nationals to do business there.
3. Appreciating currency and a developed country to do business.

 

Disadvantages of Opening a Company in Singapore (SG)

1. You need to have a resident director in SG to be a part of your company.
2. The physical address is a must to incorporate the company.
3. SG $ is way costlier compared to Indian currency.

 

So once you have a company incorporated either in HK or SG, your bank account in Singapore can be opened.

In the quest to how to trade in SGX nifty from India, you have completed half the hurdle.

Then you may have a brokerage account in Singapore and start your trading journey in SG.

 

FAQs:

How To Trade In Sgx Nifty From India?

• By having a bank account in Singapore.

Can Indian Trade In Sgx Nifty?

• Not as an Indian Individual. But Yes as an incorporated company in HK or SG.

Can We Trade In Sgx Nifty?

• US and Australian citizens can trade in SGX Nifty. However, Indian individuals can’t as per RBI rules.

Can I Trade In Sgx Nifty From India?

• Provided you have a trading account and a bank account in Singapore, you may trade in SGX Nifty from India.

 

Hope this answers your question as to trading SGX Nifty from India.

If this answer has given you satisfaction or answered your question well, please comment and share this post with others.

Happy Trading and Happy Money Making!