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Custodial Service-NITA

Investment to the Stock Market

For non-resident inverters who are willing to invest in Bangladesh's capital market. This is an account for channeling foreign currency to buy and sell shares and repatriate sale proceeds

Custodial Service & NITA

For non-resident inverters who are willing to invest in Bangladesh's capital market.

Open a Non-resident Investors Taka Account (NITA) with Commercial Bank of Ceylon PLC (CBC).

What is NITA?

This is an account for channeling foreign currency to buy and sell shares and repatriate sale proceeds.

Who can open a NITA account?

Non-resident foreign nationals, non-resident Bangladeshis and foreign companies registered outside Bangladesh.

How to start?

  • Open a NITA account and a beneficiary owner (BO) account with CBC.
  • Open a trading account with a brokerage house. (If you do not have a preferred broker we can recommend a suitable brokering house).
  • Open a foreign currency account with CBC and send in your permittance.
  • Transfer funds to the NITA account to invest in the share market through your broker.

Custodial Service

  • Will maintain beneficiary owned (BO) account with Central Depository Bangladesh Limited (CDBL) in order to trade shares..
  • Will hold your shares/stocks in safe custody.
  • Will act as an operator of your stock broker account as per your instruction.
  • Collect $ process right share application upon request.
  • Process buying & selling settlement with nominated broker.

Benefits of Opening an Account with CBC

  • Preferential conversion rate for inward and outward remittances.
  • Monitor your account from anywhere in the world through online banking facility.
  • One click "Fund Transfer" request through internet banking.
  • Enjoy the lowest service charges.


Document Required to Open NITA:

Personal Account

  • 5 Copies Passport Size Photograph of Applicant
  • Valid Passport Photocopy
  • 2 Copies of Passport Size Photograph of Nominee (Attested by Applicant at the back of the photo)
  • Passport Photocopy of the Nominee
  • Complete NITA Opening Form
  • Complete BO Account Opening Form

Non Personal Account

  • 2 Copies Passport Size Photograph of Directors
  • 5 Copies Passport Size Photograph of Signatories
  • Valid Passport Photocopy of Directors
  • Valid Passport Photocopy of Authorized Signatories
  • Information Related to Individual Form of Signatories
  • Complete NITA Opening Form
  • Complete BO Account Opening Form
  • Copy of Minutes of Board Resolution Concerning opening & operation of NITA & BO Account duly certified by Chairman/Company Secretary
  • Copy of Certificate of Incorporation attested by Bangladesh High Commission
  • Copy of Memorandum & Article of Association attested by Bangladesh High Commission
  • Certified copy of up-to-date list of directors from relevant registration authority in country of origin attested by Bangladesh High Commission

         NITA Opening Form  CDBL BO Account Opening Form 
Personal Account Opening Form.pdf Customer Account Information Form.pdf
Non Personal Account Opening Form.pdf BO Account Opening Form.pdf

 

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Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.