How to Buy US ETFs from New Zealand
A complete 2026 guide for Kiwi investors wanting to access SPY, VOO, QQQ, and other US-listed ETFs
Why NZ Investors Buy US ETFs
Access Global Companies
Own Apple, Microsoft, Amazon, Google, and hundreds more of the world's biggest companies.
Lower Fees
US ETFs like VOO charge just 0.03% annually — far cheaper than most NZ-domiciled options.
Diversification
Reduce NZ market concentration. The NZX is tiny compared to global markets.
More Choice
Thousands of ETFs covering every sector, theme, and strategy imaginable.
Step-by-Step Guide
Choose a Platform
You need a broker that gives NZ residents access to US markets. Your main options:
| Platform | Typical Use | Fees |
|---|---|---|
| Hatch | Beginners | $3 USD/trade + 0.5% FX |
| Stake | Commission-free trading | $0 trades + FX spread |
| Sharesies | Small amounts, fractional shares | $1.90-5.90/month + FX |
| Interactive Brokers | Lowest fees for larger amounts | ~$1 USD/trade + tight FX |
Note: Hatch and Stake are popular for their simplicity. Interactive Brokers typically has the lowest total cost for larger portfolios. Compare platforms to find what suits your needs.
Open Your Account
You'll need to provide:
- NZ driver's licence or passport
- IRD number
- Proof of address (utility bill, bank statement)
- NZ bank account for deposits
Account approval usually takes 1-3 business days.
Complete W-8BEN Form
This is crucial for tax purposes. The W-8BEN form:
Deposit NZD & Convert to USD
Transfer NZD from your bank, then convert to USD:
- • Most platforms accept bank transfer (free but slow) or POLi/instant (small fee)
- • Currency conversion happens automatically or manually depending on platform
- • Watch the FX spread — this is often the biggest hidden cost
Tip: Interactive Brokers has the lowest FX rates among these platforms. For others, compare their NZD/USD rate to Google's rate.
Search & Buy Your ETF
Use the ticker symbol to find your ETF:
VOO
S&P 500
VTI
Total Market
QQQ
Nasdaq-100
SCHD
Dividends
JEPI
High Income
GLD
Gold
Place a market order (buy at current price) or limit order (set your price). For most investors, market orders are fine.
Tax Implications for NZ Investors
Under NZ$50,000 (source) in Foreign Investments
You're taxed on actual dividends received, minus the 15% US withholding already paid. Relatively simple — just report dividend income on your tax return.
Over NZ$50,000 (source) in Foreign Investments
FIF (Foreign Investment Fund) rules apply. You must calculate taxable income using one of:
- FDR Method: Pay tax on 5% of opening market value (regardless of actual gains)
- CV Method: Pay tax on actual gains (can be better if gains were low or negative)
Most people use FDR as it's simpler. Consult a tax advisor for your specific situation.
Explore ETFs and Platforms
Compare platforms and popular ETFs available to NZ investors
