Singapore Exchange · Financial Services
Invest in Luminor Financial stock from India
Indian and foreign residents can buy Luminor Financial (5UA) shares directly through Paasa.
By Paasa · Updated
Luminor Financial at a glance
- Price
- S$0.03+S$0.00 (0.00%)
- Market cap
- S$9.04M
- Day range
- S$0.03 – S$0.03
- P/E
- —
- Dividend yield
- None
- Volume
- 192.90K
- 1 month
- -3.57%
- 6 months
- -46.00%
- YTD
- -30.77%
- 1 year
- -46.00%
- 5 years
- -79.07%
How to invest in Luminor Financial 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 5UA and buy
Find Luminor Financial by name or by its ticker, 5UA, and place your order.
Why invest in Luminor Financial from India
What Luminor Financial does
Luminor Financial Holdings Limited, an investment holding company, engages principally in the development of integrated residential and commercial properties in Singapore, the People's Republic of China, and Malaysia. The company operates through Property and Financial Solutions segments. Luminor Financial operates in the Financial - Credit Services industry within the Financial Services 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 Luminor Financial stock from India?
Yes. Indian residents and NRIs can buy Luminor Financial (5UA) shares directly through Paasa. Luminor Financial is listed on the Singapore Exchange, in the Financial - Credit Services 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 Luminor Financial dividends taxed for Indian investors?
Luminor Financial 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 Luminor Financial 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 Luminor Financial 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.