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Question: For opening an account, I was asked to include it in the document "W-8BEN". What is W-8BEN?
5-1. About Corporate Account Opening
Answer: W-8BEN is a non-resident certificate submitted to the IRS (US Tax Authority). By submitting these documents, interest on bank deposits and gains on transfers of stocks, bonds, funds, etc. will be tax-free and expected to reduce withholding on dividends. W-8BEN is usually required to resubmit once every 3 years.
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