Starting Share Business - Open BO Account

The Share Market is one of the most prominent money market in Bangladesh. New investors want to come in the market with their capital to gain some profit.  Now a days, the young generation feels to invest in the share market rather doing 9 to 6 jobs.

Bangladesh Solution Diary wants to assist those new investors to enter in the market to write their own future. In this part solution diary will give the solution of opening a BO (Beneficiary Owner Account) A/C for the share market investment.    

·         Open an account at a bank if you don't have one already.

·         Select a suitable Stockbroker or Brokerage House with whom you would do your share business. You need to make sure that the Stockbroker you are going to select is a registered member of DSE and CSE.-- Few Stockbroker/Brokerage House addresses

·         Collect a BO Account Opening Form from the Brokerage House and fill it up.

Documents needed to open a BO Account:

You need following documents to submit along with the filled up form

·         If you are an Individual Applicant

1.     Two copies of passport size photograph

2.    National ID Card. Or, Photocopy of Passport/Bank Statement/Driving License/Nationality Certificate

3.    Two copies of passport size Photograph of nominees

·         Joint Applicant

1.     Two copies of passport size photographs

2.    National ID Card. Or, Photocopy of Passport/ Bank Statement/ Nationality Certificate

·         Sole Trader/Proprietor

1.     Trade License

2.    Partnership Agreement/ Resolution of Partners to operate the BO account

·         Corporate Account

1.    Photographs of the Directors

2.    Photocopy National ID Card. Or, Photocopy of the Passport/Driving License/Nationality Certificate.

3.    Board Resolution

4.    Memorandum and Articles of Association certified by RJSC

5.    Signature and Photograph of the authorized person if any.

6.    Now you need to pay the brokerage house an account opening fee (different brokerage house charges different amount from Tk. 600 – Tk. 1000) and submit your documents to them.

Your account will be opened within 3 days to 1 month. (How long it will take depends on the brokerage house).