The 60-second version
Timor-Leste has no listed stock exchange — expats close bank custody, bond, or offshore-fund accounts at BNU/Mandiri, wire USD to NRE, and disclose in Schedule FA.
No local exchange — most expats hold USD custody or Singapore-linked fund folios
Timor-Leste does not operate a stock exchange — investment accounts are bank custody, bond, or offshore fund folios.
Liquidate holdings and obtain custody termination letter before closing linked USD bank account.
Singapore parallel: Singapore brokerage guide if payroll invested via CDP.
Timor custody wind-down
| Account type | Currency | Step |
|---|---|---|
| Bank custody | USD | Sell + close |
| Bond holdings | USD | Redeem at maturity |
| Offshore fund | USD/SGD | Redeem units |
| NRE | INR/USD | SWIFT receipt |
Closure
Inventory
List custody holdings.
Redeem
Sell bonds/funds.
Tax stmt
Bank annual summary.
USD wire
SWIFT to NRE.
Schedule FA
Last FY foreign asset.
Flow
Timor custody kit
- Holding stmt.
- Redemption confirms.
- Closure letter.
- SWIFT.
- Passport.
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Singapore folio
Many Dili contracts route investments through Singapore — close CDP/IBKR separately.
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Local exchange?
No — custody at bank or offshore broker.
Schedule FA?
Declare foreign financial asset in last FY held.
FBAR?
US person — FinCEN 114 if account aggregate > USD 10K.
vs bank?
Close bank only after custody zero — see Timor bank guide.
India CG?
ROR taxes global capital gains on redemption.
Indonesia fund?
Indonesia brokerage guide if held IDX units via Jakarta.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.