Temporary non-resident Taka account (NRTA) for foreign investors

Scheduled bank branches in Bangladesh are permitted to open temporary non-resident Taka accounts for foreign investors, a function previously restricted to Authorized Dealers. These branches must maintain suitable arrangements with Authorized Dealers or Central Processing Centers to receive foreign exchange in their nostro accounts abroad. Authorized Dealers or Central Processing Centers are required to issue prescribed certificates for inward remittances and handle dividend remittance, disinvestment, and routine reporting on behalf of the account-opening branch.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 09 Date: 07/05/2019
Head offices/principal offices of
All Authorized Dealers in Bangladesh
Dear Sirs,
Temporary non-resident Taka account (NRTA) for foreign investors Please refer to Chapter 9 of the Guidelines for Foreign Exchange Transactions-2018 (GFET), Vol-1 regarding operational procedures for direct and portfolio investment in Bangladesh by foreign investors. FEID Circular No. 2, dated July 30, 2018 permits foreign investment in Alternative Investment Funds (AIF) registered under Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015. Inward remittance for direct investment in proposed companies is deposited in temporary NRTA opened with Authorized Dealers (ADs) in terms of Paragraph 2(C), Chapter 9 of GFET.
02. This is to clarify that temporary NRTA may also be opened by scheduled bank branches
apart from Authorized Dealers for the same purposes as mentioned above. In this case, banks branch shall have suitable arrangement with ADs/Central Processing Centers (CPCs) to receive the foreign exchange in their nostro accounts abroad. Accordingly, ADs/CPCs shall on behalf of account opening branch issue prescribed certificates in support of the inward remittances and comply with instructions regarding remittance of dividend, disinvestment and routine reporting for proposed company/AIF as stipulated in Chapter-9 of GFET and FEID Circular No. 2, dated July 30, 2018. Please bring the above instructions to the notice of all concerned constituents. Yours faithfully, (Mohammad Khurshid Wahab) General Manager Phone: 9530123

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