Premier Non-Resident Investors Taka Account (NITA)

According to Bangladesh’s Bank foreign exchange guideline (chapter 14, Sec-1 of Vol-1), Non-Resident Bangladesh’s (NRBs) including foreign individuals may buy securities in Bangladesh against freely convertible foreign currency remitted from abroad through banking channel.

Requirements for NRBs & foreign Individuals to invest in Bangladesh Capital market:

• A Foreign Currency (FC) Account is needed for inward and outward remittance
• A Non-Resident Investors Taka Account (NITA) is required for converting foreign currency into Taka

Non-Resident Bangladesh’s and foreign individuals have to open a NITA with any Authorized Dealer (AD) in Bangladesh (i.e. an authorized bank branch).

• Balances in NITA may freely be used to buy Bangladeshi shares and such balance including dividend and sale proceeds is freely remittable abroad in equitable foreign exchange.
• Purchase and sale of shares listed in Bangladesh Stock Exchanges shall be made only through a member/ registered broker of the Stock Exchange & purchase of new public issues not yet listed with the stock exchange may be made directly from this account.

How to invest in shares/ securities in Bangladesh?

• Open a Foreign Currency Account and a Non-Resident Investors Taka Account with any Authorized Dealer of the Bangladesh Bank
• Remit foreign currency in the Local FC Account from abroad with instruction for crediting to Non-Resident Investors Taka Account.

*For details, please contact nearest Premier Bank AD Branch and you will get AD branch list in the ATM & Branch Locator