Singapore Exchange · Consumer Cyclical
Invest in HL Global Enterprises stock from India
Indian and foreign residents can buy HL Global Enterprises (AVX) shares directly through Paasa.
By Paasa · Updated
HL Global Enterprises at a glance
- Price
- S$0.28+S$0.00 (0.00%)
- Market cap
- S$26.49M
- Day range
- S$0.28 – S$0.28
- P/E
- —
- Dividend yield
- None
- Volume
- 600.00
- 1 month
- -9.84%
- 6 months
- -34.52%
- YTD
- -24.66%
- 1 year
- -29.49%
- 5 years
- +0.00%
How to invest in HL Global Enterprises 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 SGD when you buy.
Step 3
Search AVX and buy
Find HL Global Enterprises by name or by its ticker, AVX, and place your order.
Why invest in HL Global Enterprises from India
What HL Global Enterprises does
HL Global Enterprises Ltd. is an investment holding company, which engages in property development and hospitality operations. It operates through the following segments: Investments and Others, Hospitality and Restaurant, and Property Development. HL Global Enterprises operates in the Travel Lodging industry within the Consumer Cyclical 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.
Frequently asked questions
Can I buy HL Global Enterprises stock from India?
Yes. Indian residents and NRIs can buy HL Global Enterprises (AVX) shares directly through Paasa. HL Global Enterprises is listed on the Singapore Exchange, in the Travel Lodging 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 HL Global Enterprises dividends taxed for Indian investors?
HL Global Enterprises does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, singapore levies 0% withholding tax on dividends from resident companies, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell HL Global Enterprises shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.
Would my heirs owe estate tax on HL Global Enterprises shares?
Singapore imposes no estate or inheritance tax on listed securities. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.