NITA (Non Resident Investors Taka Account) is a facility
that is provided to non-resident individuals/institutions
including non-resident Bangladeshi nationals who are
interested in trading Bangladeshi securities against foreign
exchange remitted from abroad.
Features
- Non-resident
portfolio investors have to open a Non-resident
Investors Taka Account (NITA) with any authorized dealer
in Bangladesh funding the purchase and easy repatriation
of the sales and income proceeds.
- ​Securities
can be purchased only through a member/registered broker
of the stock exchange. E.g. LankaBangla Securities Ltd.
(LBSL). However, public issues not yet listed in a stock
exchange can be bought directly from the issuing
company.
- For the
purpose of trading securities, investors need to open a
security account/trading account with stock broker
listed with the exchanges. E.g. LBSL
- Funds from
NITA can be used to purchase shares and securities
listed in a stock exchange.
- The balances
in this account are freely remittable abroad in foreign
exchange.
Eligibility
- Non-Resident
individuals (Foreigners and NRBs).
- Foreign
intuitions.
- Institutions
located abroad which are owned by NRBs.
Document Requirement
For Institutional Trading Account
-
Company NITA A/C number with custodial bank or
A/C statement.
-
Board Resolution.
-
Memorandum and Articles of association.
-
Specimen signature of account operators.
-
Letter of Authorization.
- A
valid photo ID of the Managing Director.
-
Valid photo ID of Account Operator(s).
For Individual Trading Account
-
Account Opening Form and Signature Card duly
filled up.
-
Individual NITA A/C Number with custodial bank
or A/C statement.
-
Valid passport or national ID card photocopy.
- Two
copies passport size photograph of account
holder.
- One
copy passport size photograph of authorized
person(if any).
