When you invest through CUSP, you’ll receive regular account statements from our US brokerage partner Alpaca Securities LLC.
These show your trades, dividends, and taxes withheld — helping you keep clear personal records for any reporting requirements.
Tax rules depend on where you live. Here’s how it works in general terms:
1. US tax treatment
Because your investments include U.S.-listed stocks and ETFs, any dividends you receive are subject to U.S. tax rules. A 30% withholding tax is automatically applied to these dividends before they’re credited to your account.
You don’t need to do anything — this process is handled seamlessly through our U.S. brokerage partner, Alpaca Securities LLC.
2. UAE tax treatment
The UAE does not tax investment income for individuals.
You don’t need to file a local tax return for dividends, capital gains, or any income earned through CUSP.
Your monthly brokerage statements are for your records only — no submission is required.
3. Other countries
If you live or become a tax resident outside the UAE, your local rules may require you to report investment income such as dividends or capital gains.
You can use your monthly Alpaca statements — and annual forms like Form 1042-S (for dividend income) — to prepare any necessary filings.
We always recommend checking with a qualified tax advisor if your residency or reporting requirements change.