IRS Form W-8BEN is used by a non-US person to establish non-US status, to claim beneficial ownership of the income for which the tax form is being provided and, if applicable, to claim a reduced rate of, or exemption from, withholding as a resident of a non-US country with which the US has an income tax treaty.
You need to have a valid W-8BEN form in order to trade in U.S. markets.
How do I update my W-8BEN form?
If, at any time, you change your country of legal residence and/or tax residence or become a U.S. person, please notify Syfe as soon as practicable in writing to email@example.com.
Does the W-8BEN form require renewal?
The W8-BEN form has a validity of 3 years and clients are required to resubmit after the 3rd calendar year. We will notify you in advance when your W8-BEN form is about to expire for renewal.