An Introductory Startup Guide for NRB
NRB’s Open BO Account and Start Trading from Abroad
- NRBs can invest in the Bangladeshi Capital Market from anywhere in the world
- Custodian Service will be provided by one of our custodial banking partners
- 100% repatriation of capital, dividend and investment profits
- NRBs can now apply for IPOs, trade shares in the Secondary Market through one of our custodial banking partners. They can use e-mail, fax or phone to issue trade orders to our custodial banking partner
- Custodian Bank will manage funds in NITA and arrange repatriation of all funds including capital gains to your overseas bank account based on your instructions
How Can I Start Trading?
In order to avail the share trading and custodial services, you are required to fill out and sign the following:
- FC Account opening Form(only if you do not already have one) – To remit foreign currency into your account and enjoy NRB quotas while applying for IPOs.
- NITA (Non-Resident Investor’s Taka Account) opening Form – To make financial transactions for purchase and sale of shares in the secondary stock market (that is in Dhaka Stock Exchange).
- Customer Information Form – To conduct actual trading of shares in the share market.
- BO Account Opening Form – To hold shares that will be purchased by the custodian bank on your behalf.
- BO Account Nomination Form – To nominate up to two people to receive any outstanding shares in the event of death.
- Custodian Agreement – To authorize the custodian bank as the custodian of your shares.
- NITA Securities Accounts Services Agreement – To authorize the custodian bank to carry out your share trading orders and settle all transactions that are required to close deals.
- FATCA Form Individual & Proprietor – Supplement to account opening form, it is the Foreign Account Tax Compliance Act (FATCA) form
Information for Fund Deposit:
Send EFT to the following Account:
Account Name: Adil Securities Ltd.
Bank: IFIC Bank
Branch: Dhaka Stock Exchange Branch
A/C: 1090332445041
Routing: 120271706
Swift Code: IFICBDDH
Email: accounts@adilsecurities.com
Phone: +8801729073306, +8801730074007
