Non Resident Investor's Taka Account (NITA):

The non-resident shall open a NITA with any Authorized Dealer (AD) in Bangladesh. Money must be deposited to the account in freely convertible foreign currency remitted from abroad through normal banking channel. Balances in this account may be used to buy Bangladeshi share/securities The balances are also freely remitable abroad in equivalent foreign exchange. The NITA can be operated by the account holder himself or by a nominee, including AD itself.

Following documents are required to open NITA Account :

• Account opening form (supplied by the bank) to be filled by the applicant with full information
• Photocopy of passport for first four pages including VISA page
• Photograph two copy duly attested by the introducer of the account
• Nomination form to be filled with a photograph of the nominee and the photograph must be attested by the applicant of the account
• KYC to be maintained with Transaction Profile to know the transactions on monthly basis