Foreign Trade

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 be 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 must 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):

Photograph of the Client
Photocopy of passport
Bank Statement

Salary statement/Pay-slip
TAX Identification Number/ TIN Certificate
Duly filled account opening form

Nominee photograph (If any) (Duly attested by the Customer)
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: