Understanding your investment statements
When you invest through CUSP Wealth, your account is held with our U.S. brokerage partner, Alpaca Securities LLC. You’ll receive regular account statements showing:
The trades you’ve made
Any dividends paid
The tax automatically withheld by Alpaca
These statements are your complete tax record — you can keep them for your own files or use them for any reporting requirements in your country of residence.
1. If you invest in U.S. stocks or ETFs
Dividends from U.S.-listed companies are automatically subject to U.S. withholding tax at a rate of 30%.
This is deducted before dividends reach your account, and it’s handled entirely by Alpaca.
You don’t need to file a U.S. tax return or take any additional action — everything is processed for you.
2. If you live in the UAE
The UAE does not tax investment income for individuals.
You don’t need to file a tax return for your dividends, capital gains, or earnings from CUSP Wealth.
Your Alpaca statements are simply for your records — no submission is required locally.
3. If you live outside the UAE
If you move or become a tax resident in another country, your local laws may require you to report your investment income.
You can use your monthly Alpaca statements and annual Form 1042-S (which summarises dividend income and U.S. tax withheld) to complete any required filings.
If you’re unsure, it’s best to check with a qualified tax advisor familiar with your country’s regulations.