A non-resident Bangladeshi is allowed to invest in stock market. In fact Non-resident Bangladeshi enjoy more facilities than local investors in primary market. A quota of 10% of the total amount of IPO is reserved for Non resident Bangladeshis (NRBs). Non resident Bangladeshis may apply either directly by enclosing a foreign demand draft drawn on a bank payable at Dhaka, or through a nominee by paying through a foreign currency deposit account maintained in Bangladesh. Investment in the secondary market can be made through a licensed stock broker and custodian bank .
If you are a Foreigner or non Resident willing to invest in our market you can do so from outside Bangladesh through a CSE broker or a Portfolio Manager.
For securities deposit and settlement obligation of eligible securities you may enter agreement with a Custodian Bank and open your BO account with Custody
Participants (Lists of Custodian participant is available in CDBL website www.cdbl.bd.com. Custodian Banks in Bangladesh are also working as Custody Participants.
ALICO Building, 18-20 Motijheel, Dhaka 1000
Tel: 956 1494, 9567834
Fax: 956 1457
Email: bd.securities-services@bd.standardchartered.com
Contact Person: Arunangshu Dutta, Head of Securities Service
Anchor Tower, 1/1-B Sonargaon Road, Dhaka 1205
Tel: 966 0536, 966 0537
Fax: 966 0554
Email:mshohiduzzaman@hsbc.com.bd
Contact Person: Muhammad Shohiduzzaman, Manager IB & CNC
For money transaction you may use Non-resident Investor's Taka Account NITA account. This account is freely used to buy Bangladeshi shares/securities. The balances in the account are also freely remittable abroad in equivalent foreign exchange. The outward remittances will be reported to the Bangladesh Bank in the usual monthly returns along with the TM forms approved by the ADs in terms of this general authorization. The NITA can be operated by the account-holder himself or by a nominee, including the Authorised Dealer itself.