IB and change of residence from eu to uae

For residents of the United Arab Emirates.
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Picablo
Posts: 13
Joined: Fri Sep 23, 2022 10:53 am

IB and change of residence from eu to uae

Post by Picablo »

Hello, I am a european citizen/resident.
I was investing with SQ but the fees are really huge so I would plan to move a part of it to IB. (I also thought about Degiro but as I plan to move out of EU they would close my account?)
I am currently EU citizen+resident but planning to move to UAE in end of year?

I would like to know if it's possible to keep your IB account when you move from EU to Uae, or if you need to close it to open an other one.
To know if it's better for me to wait a few months before opening it, to avoid fees and hassles if I start to invest throught it.

thank you very much
hausterm
Posts: 3
Joined: Wed Oct 26, 2022 12:14 pm

Re: IB and change of residence from eu to uae

Post by hausterm »

It is possible. IBKR is allowed for UAE resident

Drop them just a mail. Please be aware that you might be moved from IBKR Ireland to IBKR USA. You can ask if you can stay with them in Ireland. I did it and it was successful.
haroonhaider
Posts: 3
Joined: Fri Oct 28, 2022 1:19 am

Re: IB and change of residence from eu to uae

Post by haroonhaider »

We are using IB (IBKR) here in UAE without any problem. It is one of the most efficient broker in every aspect. Cheers.
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