NITA Account
Portfolio Management Services for NRB
Company Profile
Prime Bank Investment Limited (PBIL), a fully owned subsidiary of the Prime Bank Limited, is one of the leading investment banks of the country with a paid-up capital of BDT 3000 million. The PBIL has been operating actively in the capital market since 2006 and its management has over 12 years of experience in the capital market having expertise in Portfolio Management, Issue Management, Corporate Advisory, Securities related laws and Compliance matters etc.
PRODUCTS & SERVICES
Non-Discretionary
PBIL offers non-discretionary portfolio management services to clients who intend to manage their own investment portfolios at their discretion. The portfolio management team of the PBIL is always committed to serve the clients in the best manner.
Discretionary
PBIL offers discretionary portfolio management services to both individual and corporate clients where its professional and experienced portfolio manager will manage client’s portfolio according to their different needs and constrains.
PBIL offers customized portfolio management service for Non-Resident Bangladeshis
PBIL NITA Account
To facilitates invest in Bangladesh Capital market, PBIL offers PBIL NITA Account to its NRB clients.
FEATURES
- NRB investors are eligible to invest in the Bangladeshi capital market from around the world.
- Zero percent tax on capital gain for individual and 10% for company from investment in stock market
- NRBs can apply for IPOs as 10% quota is allotted to them
- NRBs can repatriate full capital and dividend gains
ELIGIBILITY
- Non-Resident Bangladeshi
- Minimum age 18 years
| Particulars | Criteria | Amount in BDT |
|---|---|---|
| Minimum Deposit | 1,000,000 | |
| Documentation Fee | One off | 500 |
| Management Fee | Calculated daily, charged quarterly on market value | 0.25% |
|
Transaction Fee (a+b) a) Settlement Fee 0.35% b) Brokerage Commission 0.15% |
On each transaction | 0.50% |
| Annual CDBL Fee | Yearly | At Actual |
| Particulars | Silver | Gold | Prime |
|---|---|---|---|
| Deposit | >500,000 but <1,000,000 | >1,000,000 but <2,500,000 | >2,500,000 |
| Management Fee* | 1.50% | 1.25% | 1.00% |
| Transaction Fee (a+b) | 0.50% | 0.50% | 0.50% |
|
a) Settlement Fee 0.35% b) Brokerage Commission 0.15% |
a) Settlement Fee 0.35% b) Brokerage Commission 0.15% |
a) Settlement Fee 0.35% b) Brokerage Commission 0.15% |
|
| Documentation Fee (One off) | 500/- | ||
| Annual CDBL Charge | At Actual | ||
STEPS TO INVEST IN BANGLADESH STOCK MARKET
With Prime Bank Limited
- Investor needs to open Foreign Currency Account (FC) to remit foreign currency into his/her account.
- Investor needs to open Non- Resident Investment Taka Account (NITA) in order to make financial transaction in local currency (BDT) for purchasing and selling of shares.
With Prime Bank Investment Ltd.
- Investor needs to open a Portfolio Management Account for stock trading facilities at Dhaka & Chittagong Stock Exchange, Primary Market Investment in equity, bond & mutual funds and availing IPO application facility.
DOCUMENTS CHECKLISTS FOR ACCOUNT OPENING
- Six copies of passport size photographs of an account holder attested by the introducer.
- Six copies of passport size photographs of the nominee attested by the account holder.
- Four copies of passport size photographs of the operator attested by the applicant.
- Photocopy of passport.
- Photocopy of employee statement/ business document.
- Residence permit.
- Bank account certificate/ Bank statement (last six months).
OTHER SERVICES OFFERED BY PBIL
- Issue Management Services
- Underwriting Services
- Corporate Advisory Services