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BO Account Openning Process
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 Know Your Customer (KYC):
  1.   Photograph of the Client
  2.   Photocopy of passport
  3.   Bank Statement
  4.  Salary statement/Pay-slip
  5.  TAX Identification Number/ TIN Certificate
  6.  Duly filled account opening form
  7.  Nominee photograph (If any)( Duly attested by the Customer)
  8.  Employer Certificate
Both the client and the custodian is authorized to open a B.O account with the client’s desired broker. This account is required for trading of both physical and dematerialized shares in Dhaka and Chittagong Stock Exchange Limited. The aforesaid documents are required for opening a trading account:
*(All the above documents have to be attested by either the Bangladesh Embassy or notarized by a notary public)

 For Foreign Institutions
  1.   Memorandum & Articles of Association.
  2.   TIN Certificate.
  3.   Certificate of Incorporation.
  4.   Trade License
  5.   Foreign Currency Bank Account
  6.   Custodian Bank with Beneficiary Owner account holder
  7.   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 Client