What is a W-8BEN?

A W-8BEN is a form relevant to you if you’re not a US citizen or tax resident and you trade US shares or ETFs on your Superhero account.Superhero can rely on a validly completed W-8BEN form to determine:

(a) your status as a foreign person (i.e. not a US citizen or tax resident), and
(b) the withholding tax rate applicable to US source income.

There are 2 variations of a W-8BEN form, one for individual account holders and another for Companies and Trusts.

Individual account holders will complete a digital W-8BEN during Superhero’s onboarding process. Companies and Trusts can complete a separate W-8BEN-E form post onboarding.

US citizens or US tax residents that trade US shares or ETFs on the Superhero platform will not complete a W-8BEN. At onboarding you will complete a digital W-9 form.