Moving Back to India Permanently – Questions About W-8BEN & Existing Charles Schwab Options Access
Hi everyone,
I’ve moved to india after 10 years of staying in USA.
I opened a Charles Schwab international account, and it has already been approved. My account currently has:
Approved Options Access
Level 0 – Limited Risk Strategies
Covered calls
Covered puts
Protective calls
Protective puts
Cash-secured equity puts
Collars
Level 1 – Moderate Risk Strategies
Long calls
Long puts (uncovered)
Long straddles
Long strangles
My account has my Indian address.
However, I have not yet submitted the W-8BEN form, and I’m trying to understand what could change after I submit it and officially become a non-U.S. resident for tax purposes.
My questions are:
After submitting W-8BEN, will my currently approved Level 0 and Level 1 options permissions remain intact, or can Schwab reduce/restrict them because India-based.
Are any of the above strategies typically restricted for international clients residing in India?
Has anyone here retained existing options permissions after submitting W-8BEN?
Does W-8BEN submission trigger a compliance review or account reclassification that could affect trading permissions?
Are there any funding, trading, or withdrawal limitations once the account is fully treated as an international account?
If approvals do remain, are there any differences in:
Settlement rules
Tax withholding
Option expiration handling
Would appreciate hearing from anyone who has experience with transitioning a Schwab account of India-based international account