Benefits are as follows:
- 10% of all issued IPO are reserved for NRB – may be increased very soon for at least very large issues.
- No capital Gain Tax.
- Can also trade in the secondary capital market while abroad through Nominee in local currency. Availing custodian services for individuals are difficult and expensive. So, investment amount should be transferred either to Nominee or Brokers trading account and then trade on secondary market either by nominee or personally by phone calls, fax, email etc.
– remember, the buy sale order will have to be faxed in within 24 hours in account is operated personally.