Open a Trading Account for ESOP Shares as a Non-Resident

Is it possible for non-residents outside India with ESOP shares to open a trading account?

Yes, individuals residing outside India, who have been allotted shares under an Employee Stock Option Plan (ESOP) by listed Indian companies, can open a trading account. This is applicable to employees of the company or its joint venture or wholly-owned subsidiary abroad. However, this facility is not available to citizens of Pakistan. The trading account can be specifically opened with the sole purpose of selling shares acquired under the ESOP scheme.

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