Investing in Bangladesh through Dhaka stock exchange makes the investing process easy.
Starting a business abroad needs investments and these investments are not easily transferred into any account in a foreign land. There are many capital related things you need to keep in mind before starting. Investing through stock exchange is a good option as it cuts down the amount of pressure then in following the whole steps separately.
Investing in Bangladesh through Dhaka stock exchange makes the investing process easy. These are the few things you need know about banking, capital and investments.
These are 3 steps you need to keep in mind to start the investment process.
Step 1: Find a local brokerage firm who deals with foreign investors
A local brokerage firm will help you through the steps, will give you insights of the situation and will help you with the whole process. The Dhaka stock exchange has sanctioned license to many brokerage companies. This is a good way for foreigners to initially start with. Investing through a stock exchange firm is productive and assisting. Some of the brokerage firms are.
Step 2: Find a Guardian Bank
A guardian bank will help you in opening various other accounts which is needed to begin trading with the Dhaka stock Exchange. You can opt for any bank as your guardian bank. These are few banks on the list.
Step 3: 4 Different Bank Accounts
The broker will help you with this process as you need 4 different accounts in banks as they play different parts in trading. This is a list of accounts you need to have to start your trading business.
Account 1: Foreign Currency Account (F/C)
This account will be used as your savings account, the money will be sent to this account from your original account from your country and then you can retrieve the money from this account.
Account 2: NITA Account
This is an account every non-resident has to have. This bank will help the non-residents to convert the currencies into local currency i.e. taka
The earnings that you receive from the investments will also be sent into this account.
Account 3: BO Account
Beneficiary owners are the people who enjoy the benefits of ownership. The ownership related benefits like securities are saved in this account.
Account 4: Trading Account
A trading account is used as platform to holds the money from the broker and buying and selling securities and other trading related capital.
These are the few things to keep in mind before investing in a foreign business through the Dhaka Stock Exchange.
