I inherited BATS shares listed on the LSE. I’m a Canadian citizen, and the shares are paper certificated. I’ve been trying to sell them for a year with no luck. Can I sell them without naturalizing in the UK? If so, how?
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3What problems are you running into?– RonJohnCommented Aug 3, 2019 at 2:04
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You might find this an interesting read: the-international-investor.com/sell-foreign-stocks (and I note near the end it mentions "Readers resident in Canada have said they were able to sell foreign shares through banks such as HSBC.").– timdayCommented Aug 3, 2019 at 23:02
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Hi timday, yes I have seen this page before. Unfortunately, though I’m a Canadian citizen, because I’m not a resident in Canada, I haven’t been able to open a new account with HSBC in Canada. I would need to open an account in Canada as a non-resident, but from previous experience it is very difficult to work with HSBC in Canada if you are a high-net worth client or fall into one of their targeted product client groups. I have tried HSBC before, but was unable to open an account with them for various reasons.– user88729Commented Aug 4, 2019 at 13:08
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Hi RonJohn, one of my problems are that though I am a Canadian citizen, I am generally not a resident of Canada - at least not long enough to open meaningful relationships with banks, etc since that usually required extensive back and forth and a lot of delays in the on-boarding process.– user88729Commented Aug 4, 2019 at 13:12
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Another issue I have is that Computershare in the UK will not liquidate the shares unless I can provide a domestic bank account in my name, which I do not have. And since the shares are paper certificated, they cannot be transferred to an online broker to sell. I am currently looking into whether a UK lawyer may be able to liquidate the shares for me. Thanks for the replies!– user88729Commented Aug 4, 2019 at 13:21
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