For Foreign National

A foreign national residing in his/her own country may invest in the capital market of Bangladesh. He has to take the following steps to invest in the secondary market of Bangladesh:

Opening a NITA Account

It is a cash account where investors can send their respective currencies from their country. After the fund is sent it becomes Bangladeshi Taka in this account. Through this account the investor shall invest in Bangladesh. Thus opening a NITA account is the first step that has be to taken by the investor.

Selecting Custodian

The next step for the investor would be to select a Custodian. The job of a custodian is to execute all sorts of activities on behalf of the Client i.e. Opening a Beneficiary Owners (B.O) account on clients name. Custodian shall comply with all the wishes of the client. A deed has to be signed between the client and the custodian, so the custodian shall have the authority.

Beneficiary Owners Account

The client can open a B.O account directly with the desired broker or with his written order the custodian can open a B.O account with the client’s desired broker. In order to open a B.O account the client or the custodian will have to submit the following documents to the broker as a requirement of Your Customer (KYC):

  1.   Photograph of the Client
  2.   Photocopy of passport
  3.   Bank Statement
  1.   Salary statement/Pay-slip
  2.   TAX Identification Number/ TIN Certificate
  3.   Duly filled account opening form
  1.   Nominee photograph (If any)( Duly attested by the Customer)
  2.   Employer Certificate

Trading Account

Both the client and the custodian is authorized to open a B.O account with the clients desired broker. This account is required for trading of both physical and dematerialized shares in Dhaka and Chittagong Stock Exchange Limited. The following documents are required for opening a trading account: *(All the above documents have to be attested by either Bangladesh Embassy or notarized in respective country)

  1.   Photograph of the Client
  2.   Photocopy of passport
  3.   Bank Statement/Pay slip
  1.   Salary statement
  2.   TAX Identification Number/ TIN Certificate
  3.   Duly filled account opening form
  1.   Nominee photograph (If any)( Duly attested by the Customer)
  2.   Employer Certificate

*(All the above documents have to be attested by either Bangladesh Embassy or notarized in respective country)

Click here to download the Account Opening form for Foreign Individual

For Foreign Institutions

  1.   Memorandum & Articles of Association.
  2.   TIN Certificate.
  3.   Certificate of Incorporation.
  1.   Trade License
  2.   Foreign Currency Bank Account
  1.   Custodian Bank with Beneficiary Owner account holder
  2.   Board Resolution to open BO and Trading Account.

*(All the above documents have to be attested by either the Bangladesh Embassy or notarized by a notary public)

Click here to download the Account Opening form for Foreign Institution