How NRIs Can Invest in US Stocks: LRS, Brokers, and Tax
For NRIs living in the US, UK, UAE, or Australia, investing in US stocks is typically done through local brokers (IBKR, Schwab, or Fidelity) using local income — no LRS involved. For NRIs who want to invest from India-held NRE funds in US stocks, the LRS route applies. This guide covers both scenarios.
Investing from your country of residence
If you're an NRI living in the US, UK, UAE, Singapore, or Australia, you can invest in US stocks through any local broker using your foreign income. This is the simplest route — there's no RBI/LRS involvement, and tax treatment follows your country of residence. IBKR is typically the lowest-cost option for non-US NRIs buying US stocks.
Investing from India under LRS
Indian residents (including NRIs temporarily residing in India) can invest up to $250,000/year in foreign securities under LRS. The process: open an account with an Indian bank's international investment arm (ICICI Direct International, HDFC Securities Global), or wire funds under LRS to a foreign broker like IBKR. The 20% TCS applies on remittances above ₹7 lakh/year for investment purposes.
More guides on ForexFee
corridor
Send money to India
Everything you need to know to send money to India in 2026 — from picking the cheapest provider to UPI delivery, FEMA rules, taxes and corridor-specific tips for the USA, UK, UAE, Canada and Singapore.
Read guide
corridor
Send money to Philippines
Everything you need to know to send money to the Philippines in 2026 — from picking the cheapest provider to GCash and PESONet delivery, BSP rules, taxes and corridor-specific tips for OFWs in the USA, UAE, Saudi Arabia, Singapore and Canada.
Read guide
corridor
Send money to Mexico
Everything you need to know to send money to Mexico in 2026 — from picking the cheapest provider to SPEI delivery, Banxico rules, taxes and corridor-specific tips for senders in the USA, Canada and Europe.
Read guide
corridor
Send money to Pakistan
Everything you need to know to send money to Pakistan in 2026 — provider choice, the Roshan Digital Account scheme, the Pakistan Remittance Initiative bonus, JazzCash and Easypaisa wallets, SBP rules, and tips for senders in the UK, USA, UAE, Saudi Arabia and Australia.
Read guide
ForexFee guides are based on publicly available information and live rate data from Wise's comparison API. For pricing, KYC requirements and current promotions, always check each provider's official site. See our methodology for how we source and rank rates.