Eligibility: Following parties are eligible to open a BO Account:

(a)    Any individual of 18 years and above.

(b)    Company, Firm, Trust and Association.

2. Joint Account: Any Two Individuals who are eligible to open Individual account can open a Joint Account together.
3. Account opening form must be filled/Completed in Block Letter only.
4. Account: According to the rules of the regulatory bodies an individual can maintain maximum 2 accounts
   (1 individual and another joint account)
5. Required documents:

Individual/Joint Account

1. a) 2 (two) copies recent passport size photographs (Lab Printed) of each Accountholder (s) duly Signed
2. b) Photocopy of Passport/National ID/Driving License/Bank Certificate
3. c) Photograph of nominee (s) attested by the account holder (s). If the Nominee (s) is Minor then 1 Copy of Passport Sized photograph of a Guardian must be submitted along with the Account Opening Form. Note that the Account Holder Cannot be the Guardian of the Nominee (s).
4. d) Bank Statement for last one month
5. e) 2 Copies of Passport Sized Color photographs (Lab Printed) of the POA holder (Attested by the account holder)
6. f) Photo copy of National ID Card of POA holder (Photo copy of National ID Card has to attested with the same signature as on the Original Copy)
7. g) 150/- Stamp must be notarized describing the tasks that POA holder will be eligible to conduct in PFI Securities Limited on behalf of the account holder. (For Individual Account Only)
8. h) In case of Joint Account, if POA holder is any third party then 150/- Stamp must be notarized describing the tasks that POA holder will be eligible to conduct in PFI Securities Limited on behalf of the account holders

Company Account

1. Photo copy of National ID Card of Managing Director or CEO of the Company (Photo copy of National ID Card has to attested with the same signature as on the Original Copy)
2. Attested Photographs of the Signatories
3. Board Resolution regarding opening of the account with PFI Securities Limited and A Power of Attorney (POA) holder to operate on behalf of the Company (Attested by Company Secretary or Authorized Signatory)
4. Memorandum & Article of Association certified by RJSC
5. 2 Copies of Passport Sized Color photographs (Lab Printed) of the POA holder (Attested by the account holder)
6. Photo copy of National ID Card of POA holder (Photo copy of National ID Card has to attested with the same signature as on the Original Copy)
7. TIN (Tax Certificate)
8. Trade license & Incorporation Certificate
9. Photocopy of Company Bank certificate
10. Photocopy of Company Bank statement

For Foreign National
A foreign national residing in his/her own country may invest in the capital market of Bangladesh. He has to take the following steps to invest in the secondary market of Bangladesh:
Opening a NITA Account
It is a cash account where investors can send their respective currencies from their country. After the fund is sent it becomes Bangladeshi Taka in this account. Through this account the investor shall invest in Bangladesh. Thus opening a NITA account is the first step that has be to taken by the investor.
Selecting Custodian
The next step for the investor would be to select a Custodian. The job of a custodian is to execute all sorts of activities on behalf of the Client i.e. Opening a Beneficiary Owners (B.O) account on clients name. Custodian shall comply with all the wishes of the client. A deed has to be signed between the client and the custodian, so the custodian shall have the authority.
Beneficiary Owners Account
The client can open a B.O account directly with the desired broker or with his written order the custodian can open a B.O account with the client’s desired broker. In order to open a B.O account the client or the custodian will have to submit the following documents to the broker as a requirement of Know Your Customer (KYC):

1.   Photograph of the Client
2.   Photocopy of passport
3.   Bank Statement
4.  Salary statement/Pay-slip
5.  TAX Identification Number/ TIN Certificate
6.  Duly filled account opening form
7.  Nominee photograph (If any)( Duly attested by the Customer)
8.  Employer Certificate

Both the client and the custodian is authorized to open a B.O account with the client’s desired broker. This account is required for trading of both physical and dematerialized shares in Dhaka and Chittagong Stock Exchange Limited. The aforesaid documents are required for opening a trading account:
*(All the above documents have to be attested by either the Bangladesh Embassy or notarized by a notary public)

For Foreign Institutions

1.   Memorandum & Articles of Association.
2.   TIN Certificate.
3.   Certificate of Incorporation.
4.   Trade License
5.   Foreign Currency Bank Account
6.   Custodian Bank with Beneficiary Owner account holder
7.   Board Resolution to open BO and Trading Account.

*(All the above documents have to be attested by either the Bangladesh Embassy or notarized by a notary public)