Without prior authorization from Bangladesh Bank, foreign investors can open a temporary bank account (Non-resident Taka Account: NRTA) to receive the capital remittance from abroad for an encashment certificate.
Investors can open temporary accounts through online arrangements or in person for FDI in Bangladesh as per Circular no 11 of the Foreign Exchange Policy Department of Bangladesh Bank issued on May 17, 2021.
When the company of the investor is registered with the Registrar of Joint Stock Companies and Firms (RJSC), a new bank account can be opened to transfer the capital from the temporary account.
Required documents:
- Bank application
- Draft of Memorandum of the Association
- Board Resolution
- Letterhead pad
- Passport-sized photographs of the shareholders
- Passport copies of the shareholders