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Offshore Banking (OBU) Account


Eligibility

  • Corporate Entities as per Offshore Banking Circulars of Bangladesh Bank
  • Companies/Firms registered & Operated abroad/ Juristic Person not resident in Bangladesh
  • Foreign Institutional Investor & Custodian
  • Any Entity Outside Bangladesh

 

Key features

  • Account can be opened in  USD/EURO
  • Interest Bearing Account on daily balance available in the account
  • Minimum initial deposit of USD 1,000 or equivalent for fixed deposit products
  • Foreign currency deposited in this account is freely convertible into Taka
  • Deposited foreign currency is freely remittable abroad through banking channel
  • Fund credited by inward remittances received through official channels only
  • Balance of these accounts are exempted from any Tax
  • Balance held in the deposit account can be used for
    • Transfer to on-shore bank accounts for meeting necessary payment and various investments
    • Making outward remittances of balance amount including interest/profit as and when necessary.
    •  Off-shore Transfers, onshore Transfers, Outward Remittance will be allowed for payment and investments.


OBU Current Account


Any corporate entities, as per offshore banking circulars of Bangladesh, are eligible to open OBU Current Account in either USD or EURO currency. This account can be operated either singly or jointly or as per constitution of each corporate.

EBL Offshore High-Performance Account


This is a Interest Bearing Account on daily balance available in the account. Any eligible corporate entities can open this High Performance Account in either USD or Euro Currency. The interest will be credited semi-annually.

EBL Offshore Term Deposit


From the linked Offshore High Performance Account or Offshore Current Account, eligible corporate entities can open Fixed Deposits for tenor 3 months, 6 months, 9 months, and 1 year. No tax is payable on the interest.

  • For more information (Charges, Rates, and Others), please contact cmu@ebl-bd.com