For an LRS remittance to Interactive Brokers, my bank needs an OPI (overseas portfolio investment) declaration and an A2 form. Do I have to name the stocks or ETFs I'll buy? Can I reuse pre-filled copies, and are the ITR and bank statement needed every time?
What goes into the OPI declaration and A2 form when remitting to IBKR? Do I need to list the stocks?
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1 Answers
No stock names, only Interactive Brokers LLC
"With reference to my request for outward remittance of USD XXXX (foreign currency & amount) to Interactive Brokers LLC (beneficiary name) for Overseas Portfolio investment under the Liberalised Remittance Scheme, I hereby confirm and declare as under"
- The above remittance is towards my Overseas Portfolio Investment in M/s Interactive Brokers LLC (name of the investee company/entity)"
Yes, you can take multiple A2 prints,
The date, Amount, and section "DETAILS OF THE REMITTANCES MADE/TRANSACTIONS EFFECTED UNDER THE LIBERALIZED REMITTANCE SCHEME FOR FINANCIAL YEAR (APRIL-MARCH)" have to be filled
Better to edit the PDF on a computer and keep filled details version; whenever needed, fill in the date, amount, etc, print and submit
ITR/bank statement needs to be provided only the first time.
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