Regulatory Alerts2023-01-08
Added
FEID Circular Letter No. 02: Simplification of documentary formalities for opening Non-Resident Investor’s Taka Accounts
Authorized Dealers must adopt a unified set of documents for opening Non-Resident Investor’s Taka Accounts to eliminate ambiguity caused by varying practices. For accounts held by Non-resident Bangladeshis, Authorized Dealers are advised to obtain the applicant’s valid passport copy, photograph, proof of address, reliable source of income, and the nominee’s passport or National Identity Card copy along with a photograph. For accounts held by non-resident foreign nationals or institutions, Authorized Dealers shall fix and distribute a unified set of documents to their branches at home and abroad in compliance with existing rules.
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