Offshore International Banking (OBO's IB) Account

Who can open

• Resident Bangladeshi individuals and corporate entities including Type-A, Type-B and Type-C industrial enterprises operating in EPZs/EZs/HTPs having bona fide relations with non-residents.

Required Documents to Open Account

• Accounts opening forms
• NID/Passport/Citizen Certificate
• Company registration certificate in case of institutional account.
• Two copies of passport size photographs of the opener and nominee.
• Facilitation undertaking/instruction /agreement from the remitter
• Proof of present/permanent address

Benefits

• Investment facility in Bangladeshi beneficial sectors as FDI.
• Attractive Interest rates on term deposit
• Transfer to on-shore bank accounts and abroad including interest and profit
• Meet up local expense and covert to Taka at any time.
• Free remittable abroad of balance including interest /profit without any charge.
• Income is Tax-free

Interest Bearing

• Yes (Depends on tenor)*

Source of Fund

• Through SWIFT/Legal channel except cash.

*Condition applicable