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Why do I need to submit the W-8BEN form?

IRS Form W-8BEN is used by non-US persons to:

  • Confirm their non-US tax status
  • Declare beneficial ownership of income related to US securities
  • Where applicable, claim a reduced withholding tax rate or exemption under an applicable US tax treaty

You must have a valid W-8BEN form on file in order to trade in US markets via Syfe.

How do I update my W-8BEN form?

If your country of legal residence or tax residence changes, or if you become a US person, you must inform Syfe as soon as possible by writing to support.sg@syfe.com so that your W-8BEN status can be reviewed and updated where necessary.

Does the W-8BEN form require renewal?

Yes. The W-8BEN form is valid for 3 years, after which it must be renewed.

Syfe will notify you in advance when your W-8BEN form is about to expire so that you can resubmit the form and continue trading in US markets without disruption.