Zico Holdings Inc.
Zico Holdings Inc. (SES: 40W) is trading at S$0.05, about ₹3 at today's SGD/INR rate, as of 11 Nov 2026, 3:36 AM ET, down 9.62% today. Indian residents can buy Zico from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.05
Today's high
S$0.05
52 week low
S$0.04
52 week high
S$0.09
40W opened at S$0.05, closed previously at S$0.05, and has traded between S$0.04 and S$0.09 over the past 52 weeks.
About
ZICO Holdings Inc., an investment holding company, provides multidisciplinary professional services in Singapore, Malaysia, Thailand, Indonesia, China, Hong Kong, the United States, and internationally. It operates in two segments, Advisory and Transactional Services; and Management, Support Services and Licensing Services. The company offers legal, Shariah advisory, trust, incorporation and corporate secretarial, investor, intellectual property, wealth management, fund management, external asset management, corporate finance advisory, insourcing and consultancy, legacy management, and immigration services. It also provides strategic advisory, market intelligence, and risk management services; and information technology, human resource, training, and corporate communications services, as well as accounting and finance. In addition, the company licenses the ZICO trademarks, as well as offers corporate and related consulting, legal advisory, resourcing and advisory, share registration, business support, asset and wealth management, and marketing services. Further, it provides trustee, fiduciary, and custody; tax administration, payroll, and accounting support; insourcing and outsourcing; business and management consultancy; and capital markets services, as well as leases non-financial intangible assets. The company serves governments and government-linked companies, law firms, private and public companies, small and medium enterprises, multinational corporations, multi-ASEAN, family offices, and high-net-worth individuals. The company was formerly known as ZICOlaw Holdings Inc. and changed its name to ZICO Holdings Inc. in April 2014. ZICO Holdings Inc. was incorporated in 2010 and is based in Singapore.
Key statistics
Avg. volume
155.56K
Market cap
S$19.33M
P/E Ratio
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Price-to-sales ratio
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Enterprise value
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Free cash flow yield
—
Debt-to-equity ratio
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Return on equity
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ROIC
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Beta
0.43
Dividend yield
—
Last dividend
S$0.00
Financial overview
Revenue
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Earnings per share
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Free cash flow
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Net profit margin
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Gross margin
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EBITDA
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Revenue growth
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How to buy Zico from India
Indian residents can buy Zico shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers. Read the full guide: how to invest in Zico from India
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to SGD.
Search for Zico and place an order
Find Zico by name or by its ticker, 40W, and choose an order type. Zico trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Zico position in SGD and INR. Zico pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying Zico from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneZico does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.Estate tax explained
FAQs
Can Indian residents buy Zico stock?
Yes. Zico (40W) has been listed on the Singapore Exchange since 2014, in the Specialty Business Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Zico share cost in rupees?
One Zico share is S$0.05 — about ₹3 at an SGD/INR rate of 73.41 on 10 Nov 2026. Both the Zico price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Zico from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Zico shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Zico price. Paasa issues a capital-gains statement for your return.
Does Zico pay a dividend?
No. Zico does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Zico from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on Zico shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying Zico?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare Zico shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Zico holding, its cost and its closing value.
How do I sell Zico and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.