Sell Shares Held by an Overseas Resident

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Selling Shares Held by an Overseas Resident

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 burdensome 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.

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How to Sell Shares Held by an Overseas Resident

For overseas residents we require certified proof of current address, so we would need a:

  • Certified copy of the shareholder’s driver’s licence; OR
  • Certified copies of the shareholder’s passport and a document proving their current residential address (utility bill, rates notice, rental agreement etc.)

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

  • An Australian Consular Officer or an Australian Diplomatic Officer; or
  • A Notary Public; or
  • A Commissioner of Oaths
These certified copies can then be emailed through to us at shares@sellmyshares.com.au.
Aside from the extra identification steps above, the usual share sale process applies.

How Long Does it Take to Sell 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! For Express share sales, we will sell your shares on the same day you complete the online share sale form (provided you complete the online ID check before 3pm AEST). For all other sales, we will usually have your shares sold for you within 1-2 business days.

Funds from your share sale are transferred 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.

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

We have 3 service levels for our share sale service, starting at Australia’s lowest one off share sale rate of just $40 or 0.2%. The most popular service is our Value service which is $110 or 1%. If you need your shares sold urgently, you can use our same day Express service for $150 or 1.5%. The brokerage fee is taken from your share sale proceeds before we transfer them to you, so there are no up-front costs and no other hidden fees or charges.