Question: What is a BO Account?
Answer: BO Account stands for Beneficiary Owners Account. This is the account that holds your
shares like an inbox holding all your emails. All shares from new IPO’s and most of secondary
market shares are in electronic form and a BO account, owned by the investor, holds the electronic
shares. Any NRB can open a BO account through Mika Securities Limited by filling required forms
and submitting required documents.
Question: Who can open a BO account?
Answer: Bangladeshi Residents, institutions originated in Bangladesh, Foreign
Company/Institutions and NRB (Non-Resident Bangladeshi) can open a BO account providing
required valid documents.
Question: Can anyone open a BO account?
Answer: Of course, if you are above 18 years of age and have your National Identity Card or
Passport, you can open a BO account.
Question: How do I open a BO account?
Answer: To open a BO account, you have to submit all required documents along with a duly filled
up form. You also need to pay the BO account opening fee. Then, your documents and information
will be verified. After that, your BO account will be opened within 2 working days.
Question: What are Mandatory Requirements for opening a BO Account?
Answer: The requirements of opening a BO account are as follows: