Singapore Exchange · Real Estate
Invest in Rich Capital stock from India
Indian and foreign residents can buy Rich Capital (1U8) shares directly through Paasa.
By Paasa · Updated
Rich Capital at a glance
- Price
- S$0.08+S$0.00 (0.00%)
- Market cap
- S$4.54M
- Day range
- S$0.08 – S$0.08
- P/E
- —
- Dividend yield
- None
- Volume
- 2.50K
- 1 month
- +0.00%
- 6 months
- -30.83%
- YTD
- -58.50%
- 1 year
- —
- 5 years
- —
How to invest in Rich Capital 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 1U8 and buy
Find Rich Capital by name or by its ticker, 1U8, and place your order.
Why invest in Rich Capital from India
What Rich Capital does
Rich Capital Holdings Ltd. engages in the development, investment and management of residential, commercial, and industrial properties. Its core businesses include property development, investment and management, and the provision of specialist construction services. Rich Capital operates in the Real Estate - Development industry within the Real Estate 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 Rich Capital stock from India?
Yes. Indian residents and NRIs can buy Rich Capital (1U8) shares directly through Paasa. Rich Capital is listed on the Singapore Exchange, in the Real Estate - Development 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 Rich Capital dividends taxed for Indian investors?
Rich Capital 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 Rich Capital 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 Rich Capital 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.