Close French Brokerage After India Move
PEA lock-in, CTO sell-down, PFU 30% tax, and EUR wire to NRE.
The 60-second version
French brokerage wind-down needs PEA lock-in check, CTO capital gains under PFU, broker closure letter, and EUR remittance to NRE with tax certificates for Form 67.
PEA has 5-year lock-in — plan sell timing before departure
France taxes securities via PFU 30% (or progressive option) — selling after becoming India tax resident still triggers French withholding on French assets.
PEA withdrawals before 5 years lose tax advantage — check opening date before mass sell.
CTO (standard account) at Boursorama / Degiro / Trade Republic FR closes after zero balance and W-8BEN update.
Country: France tax residency guide.
French account wind-down
| Account | France tax | India reporting |
|---|---|---|
| PEA (locked) | Penalty if early | Schedule FA on holdings |
| PEA (5y+) | PFU on withdraw | CG in India on sale year |
| CTO equities | PFU 30% | Schedule FA + DTAA |
| Assurance-vie | Separate wrapper | Not brokerage — specialist exit |
| EUR cash | No CG | Wire to NRE |
French brokerage close sequence
PEA age check
Confirm 5-year clock before full withdraw.
Sell holdings
CTO + PEA liquidate to EUR cash.
Tax statement
IFU / broker annual statement for PFU paid.
Wire EUR
To NRE; retain SWIFT + FEMA trail.
Close account
Written request; keep closure PDF.
Wind-down flow
France broker export kit
- IFU tax form.
- Contract notes.
- Closure email.
- SWIFT receipt.
- PEA opening date proof.
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Assurance-vie
Life insurance wrapper is not CTO — do not mix closure steps.
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0 of 4 checked
Keep French broker as India resident?
Possible but Schedule FA every year — most close.
Form 67 for PFU?
Yes if same income taxed in India same FY.
PEA transfer to CTO?
Taxable event — plan with French accountant.
US ETFs in PEA?
Often ineligible — may already be in CTO.
US person FBAR?
French accounts count toward USD 10k aggregate.
Degiro FR vs NL?
Tax residency at departure year controls PFU — keep broker statements.
Your tax year is already running.
RNOR status, exit timing, and DTAA benefits all depend on decisions you make before you land. Don't guess.