Investing in Funds (not ETFs)

[ihateetf]

Hi all

I have been long time lurker and first time posting here. I have couple of questions

1. From taxation perspective, are the funds listed in sites like morningstar treated like ETF or like shares? For ex funds found in this link : https://www.morningstarfunds.ie/ie/...{}&page=2&sortField=returnM120&sortOrder=desc

2. Vanguard and other cos seem to allow residents of many countries to open account online but not for Ireland. is there a way to invest in some of the funds in #1 above directly with the fund co?

thanks

 

[Sarenco]

1. There is no distinction in the Irish tax treatment of exchange traded funds and (non-exchange traded) funds.
2. Vanguard operates a brokerage in various countries (including the UK) but Vanguard funds are also available from any number of other brokers.

 

[ihateetf]

1. There is no distinction in the Irish tax treatment of exchange traded funds and (non-exchange traded) funds.
2. Vanguard operates a brokerage in various countries (including the UK) but Vanguard funds are also available from any number of other brokers.

Thanks Sarenco

 

[hughpearse]

2. Vanguard and other cos seem to allow residents of many countries to open account online but not for Ireland. is there a way to invest in some of the funds in #1 above directly with the fund co?

Yes it is possible to trade in the USA.
(1.) Register an LLC in Wyoming to get an EIN
https://www.northwestregisteredagent.com/llc/wyoming
(2.) Open the vanguard registration and press "I have an EIN (for trusts, corporations, partnerships, etc.)"
https://personal.vanguard.com/us/JSP/RegLogOn/Regis/RegActivityContent.jsf

Now you can buy ETFs domiciled in the USA.

It is also possible to register an S-Corp and hold it under a Electing Small Business Trust (ESBT). As the S-Corp issues shares, the profits shouldn't be subject to deemed disposal. An S-Corp is a tax transparent vehicle, so you would file a personal tax return as a non resident alien and pay CGT at 33% and FIT based on the profits from your shares.