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Non-resident Investor's
Taka Account |
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The non-resident investor shall open a
Non-resident Investor's Taka Account (NITA) with any AD branches
of Prime Bank Limited, with freely convertible foreign currency
remitted from abroad through normal banking channel or by transfer
of funds from the non-resident investor's foreign currency
account, if any, in Bangladesh.
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Balances in the NITA may freely be
used to buy Bangladeshi shares/securities. These balances are also
freely remittable abroad in equivalent foreign exchange.
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The NITA can be
operated by the account-holder himself or by a nominee, including
the AD itself.
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Dividends/interest
earnings on the shares/securities bought through the NITA, net of
taxes payable on such earnings of the non-resident holder,
received from the issuing company/institution may be credited to
the NITA.
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Sale proceeds of the
shares/securities purchased through the NITA may also be credited
to the NITA.
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No local funds from
any sources other than those mentioned at (1), (4) and (5) above
can be credited to NITA.
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No loan facilities
shall be allowed by the ADs in the Non-resident Investor's Taka
Accounts.
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