The 60-second version
Qatari brokerage exit needs sell QE holdings, tax summary, depot termination letter, and QAR SWIFT to NRE before India tax residency.
Sell QE holdings before QAR wire — Gulf CG may apply on non-resident exit
QNB Financial Services and CBQ Securities provide QE custody — obtain annual tax summary before depot termination.
Plan sell orders 45+ days ahead — QAR-denominated funds need settlement before gratuity wire.
Bank lane: Qatari bank guide after depot zero.
Qatari depot wind-down
| Broker | Tax doc | Step |
|---|---|---|
| Depot | CG stmt | Sell + close |
| QE | Local stocks | Plan liquidity |
| Linked bank | QAR | Close after depot |
| NRE | INR/QAR | SWIFT receipt |
Closure
Sell
Liquidate QE holdings.
Tax
CG if required.
Close depot
Termination letter.
Wire QAR
SWIFT to NRE.
Schedule FA
Last FY foreign asset.
Flow
Qatari brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
- Passport copy.
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Linked custody
Close depot before linked bank — bank may block closure with open securities account.
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Schedule FA?
Declare depot in last FY you held foreign brokerage.
FBAR?
US person — FinCEN 114 if account aggregate > USD 10K.
Gratuity wire?
Wire brokerage proceeds before final EOS if same bank account.
Linked bank?
Close QAR account only after depot zero.
DTAA?
Model CG in India ITR with Form 67 foreign tax credit.
US person?
Form 8938 if FATCA thresholds met.
Your NRE account redesignation has a deadline.
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