Hello,
I am a current US resident that is planning to move back to Japan soon. I am a Japanese citizen, fluent in Japanese. Just unfamiliar with the Japanese side of things since I haven't lived there since I was little.
The one thing I'm a bit nervous about in regards to my move is transferring all of my ETFs/stocks. It is in the 7 figures USD.
What I've done:
– I created an IBKR-US account earlier this year and transferred all assets there (easy)
– I checked with IBKR and they mentioned once I'm in Japan, to notify them and they will transfer assets to an IBSJ account for free
– I have made sure that the ETFs/stocks I own are handled by IBSJ (i.e. listed under 取り扱い銘柄一覧 on the IBSJ site), as well as double-checked this directly with IBSJ
Now my questions are:
- If anyone has gone through this process, how long did it take? If it happens too slowly, do I need to worry about my assets being stuck in IBKR-US? Assume this move is permanent, where I'll give up US residency completely.
- Do I need to first open an account in IBSJ, or simply notify IBKR-US that I'm in Japan once I move and they'll automatically do the account creation on the IBSJ side? If I have to create an account, any one have real estimates on how long it'll take to stand one up, post- 住民票登録+マイナンバーの付与?
- Are there other brokerage options others have used that'll do an in-kind transfer of US assets from a US brokerage? I assume there aren't many from when I researched. For example, SBI mentions 外国証券の移転, but it has to be from another domestic brokerage. ("海外の証券業者からの移管申込は、受付できません。")
- What is the customer service for IBSJ like? Particularly in Japanese, not English (assuming English service will always be equally good at best and subpar otherwise).
by Big-Particular-6138