If your RSUs are held with Equateplus, you can transfer your vested shares directly to your Paasa global investment account without selling them first irrespective of where they are listed (US, EU, etc.,) and the currency they are denominated in (USD, GBP, etc,.).
Once the transfer is done, you can manage your stocks directly through Paasa and sell them whenever you want to.
You can then use the sale proceeds to buy stocks and ETFs listed in over 10 global exchanges, including the United States, United Kingdom, Switzerland, Hong Kong, Germany, France, Canada, Netherlands, Japan, and Singapore.
Paasa also allows you to withdraw the sale proceeds to any bank account in the world (as long as the account is in your name).
This allows you to diversify beyond your employer stock and invest across global markets, directly from your RSU earnings.
Step 1: Create your Paasa account
If you haven't already, download the Paasa app and complete your KYC to open your global investing account.
Step 2: Request transfer instructions
Send an email to support@paasa.com with the subject line “Equateplus Transfer Request. Our team will reply with the specific clearing details you need to input into your Equateplus portal.
Step 3: Initiate transfer in Equateplus
Log in to your Equateplus portal and navigate to the transfer section. Input the clearing details and settlement instructions provided by the Paasa team to "push" the shares out.
Step 4: Share transfer details with Paasa
Once you have initiated the transfer on Equateplus, reply to the support thread with your transfer details:
- Account Number
- Stock Symbol
- Exchange
- Number of shares being transferred
We need these details to open the secure window on our side to accept the incoming Euro shares.
Step 5: Liquidation and Diversification
Once received, the shares will appear in your Paasa app.
You can then liquidate them directly through the Paasa app. Our platform handles the multi-currency aspect seamlessly, allowing you to reinvest the proceeds into global stocks, UCITS ETFs, or managed strategies.
Need Assistance?
If you'd like our team to walk you through the process or have any questions around tax or compliance, reach out at support@paasa.com.
About Paasa
Paasa is a global investing platform built specifically for Indian residents and returning NRIs. We provide direct access to over 10 global exchanges, including the United States, United Kingdom, Switzerland, Hong Kong, Germany, France, Canada, Netherlands, Japan, and Singapore and support 9 global currencies.
- Seamless "In-Kind" Transfers (ACATS): You can move your entire US stock portfolio (from brokers like Robinhood, Schwab, Fidelity, E*TRADE, and more) directly to Paasa. This allows you to consolidate your assets in one place without triggering a tax event.
- The Compliance Advantage: Paasa provides the exact reports you need for your Indian tax returns and foreign asset disclosures, eliminating the need for manual calculations.
- Estate Tax Protection: Paasa offers access to Ireland-domiciled (UCITS) ETFs, allowing you to legally shield your long-term investments from the 40% US Estate Tax that applies to non-residents.
Disclaimer
This article is intended solely for information and does not constitute investment, tax, or legal advice. Global investments carry risks, including currency risk, political risk, and market volatility. Please seek advice from qualified financial, tax, and legal professionals before acting.
