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Sell Australian Shares from Overseas

$700 million+ in shares sold

60,000+ share sale customers

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Selling Australian Shares Held by an Overseas Resident

Note: We sell Australian shares (ASX-listed) for clients residing overseas. This service applies to ASX-listed shares only.  For selling non-ASX listed international shares, please enquire here.

A common situation we see at Sell My Shares is when a non-Australian resident still owns Australian listed shares, but faces difficulty in selling them due to their new residential status. Between communicating through different time zones, overcoming identity verification obstacles and trying to obtain the required information, these share sales can often be a challenging task to accomplish.

As specialists in one-off share sales, we’re committed to helping both Australians and overseas residents sell their Australian listed shares, no matter how complex the situation.

Sell Australian Shares from Overseas
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How to Sell ASX Shares Held by an Overseas Resident

Overseas Residents will need to provide colour, certified copies of the following documents:

  • Passport and Drivers License; AND
  • Recent Utility Bill and recent Bank statement

Please note for overseas residents we will only accept documents if they have been certified by one of the following professions:

  • An Australian Consular Officer OR an Australian Diplomatic Officer; OR
  • A Notary Public
These certified copies can be emailed through to us at [email protected].
 
Aside from the extra identification steps above, the usual share sale process applies.
 

If you opt to be paid by International Bank Transfer you will also need to complete and return:

1) Our International Banking Form (physically signed)
2) A copy of a recent bank statement that clearly shows your full name and account number(s).

How Long Does it Take to Sell Australian Shares Held by an Overseas Resident?

As the leading one-off share specialist in Australia, you won’t find a mob who can sell your shares faster! Please note, sales for overseas residents require additional identification and verification checks. The average sale time for overseas residents is 5-7 business days however this can take longer and depends on the timely receipt of appropriate documentation.

Funds from your share sale are transferred directly to your bank account 3 business days after the shares are sold. For example, if you sold your shares on Monday, your share sale funds will be transferred to your bank account on Thursday.

 If you wish to have your share sale funds transferred to a non-Australian bank account, you will need to complete and return our International Banking Form.

 

Currency Considerations

All proceeds are paid in Australian Dollars (AUD). If you require funds in another currency, you are responsible for the conversion. Exchange rates fluctuate, and we are not liable for any losses arising from currency conversion. We recommend consulting a currency specialist if you have any concerns.

How Much Does it Cost to Sell Australian Shares Held by an Overseas Resident?

New Zealand residents can sell Australian shares against our Value Service level of 1.0% of the size of the transaction or $110 minimum, whichever is greater.

Other overseas residents can sell Australian shares through our International Service for a fee of $250 + GST or 2.5% + GST of the transaction value, whichever is greater. This service costs more than our standard offering due to the additional labour and administrative work involved.

The fees are deducted from the sale proceeds after the shares are sold. GST is applied to all fees.