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Non-resident Investor's Taka Account

  1. 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.

  1. Balances in the NITA may freely be used to buy Bangladeshi shares/securities. These balances are also freely remittable abroad in equivalent foreign exchange.

  1. The NITA can be operated by the account-holder himself or by a nominee, including the AD itself.

  1. 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.

  1. Sale proceeds of the shares/securities purchased through the NITA may also be credited to the NITA.

  1. No local funds from any sources other than those mentioned at (1), (4) and (5) above can be credited to NITA.

  1. No loan facilities shall be allowed by the ADs in the Non-resident Investor's Taka Accounts.

 

 

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