London Stock Exchange · Basic Materials
Invest in Arkadian Strategic Metals stock from India
Indian and foreign residents can buy Arkadian Strategic Metals (AKN) shares directly through Paasa.
By Paasa · Updated
Arkadian Strategic Metals at a glance
- Price
- £0.00-£0.00 (7.50%)
- Market cap
- £3.09M
- Day range
- £0.00 – £0.00
- P/E
- —
- Dividend yield
- None
- Volume
- 5.17M
- 1 month
- +0.91%
- 6 months
- -38.33%
- YTD
- -20.71%
- 1 year
- -26.00%
- 5 years
- -95.07%
How to invest in Arkadian Strategic Metals from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search AKN and buy
Find Arkadian Strategic Metals by name or by its ticker, AKN, and place your order.
Why invest in Arkadian Strategic Metals from India
What Arkadian Strategic Metals does
Arkadian Strategic Metals Plc is a holding company, which engages in the exploration and development of natural resources. It operates through the following geographical segments: Republic of Ireland, Greenland, and England and Wales. Arkadian Strategic Metals operates in the Industrial Materials industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in the UK mean for your Arkadian Strategic Metals shares.
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.
Frequently asked questions
Can I buy Arkadian Strategic Metals stock from India?
Yes. Indian residents and NRIs can buy Arkadian Strategic Metals (AKN) shares directly through Paasa. Arkadian Strategic Metals is listed on the London Stock Exchange, in the Industrial Materials industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Arkadian Strategic Metals dividends taxed for Indian investors?
Arkadian Strategic Metals does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, the UK levies 0% withholding tax on company dividends paid to non-residents, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Arkadian Strategic Metals shares?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the GBP/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Arkadian Strategic Metals shares if I pass away?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. The rule looks at everything you hold there, not at Arkadian Strategic Metals alone.
Is there stamp duty when I buy Arkadian Strategic Metals shares?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.