📝 Filling in a W-8BEN form is required in order to buy US stocks through our app.
Non-US investors need to complete a W-8BEN form to purchase US stocks through Trading 212. The form declares that you are not a US tax resident, which lowers the 30% tax rate you have to pay on US-sourced income to a more favourable rate under your country's tax treaty.
Apart from a filled W-8BEN, you must also have a Tax Identification Number updated in your trading account, otherwise, the reduced rate cannot be applied. Most commonly is 15%, but it can be anything between 10% (e.g. Russia, Romania) and 30% (Greece, Taiwan).
You can contact us 📩 if you are unsure whether this information is present in your account.
Note: Tax is a personal affair and if you are unsure about any tax implications, you should seek professional advice.