The NRB property-buying guide: from Dubai to Dhaka, safely

Every year, thousands of non-resident Bangladeshis buy property from abroad — and a surprising number hit the same three walls: money that can't be repatriated, titles that aren't clear, and a caretaker who stops answering calls. This guide compresses ten years of NRB buying mistakes into a checklist.

1. Move money through NITA, not friends

Open a Non-Resident Investor's Taka Account (NITA) with an authorized dealer bank. Funds that arrive through NITA — and only those — carry a documented trail for later repatriation of rental income and sale proceeds. Money moved through friends or hundi cannot be legally taken back out.

2. Due diligence before the token money

• Verify the seller's title at the sub-registry (dip into the mutation and khatian records).
• Check the property against the building's holding number and city corporation assessment.
• Confirm no government acquisition order is pending on the plot.
• Ask for the last utility bills — unpaid dues become yours after transfer.

3. Power of attorney that actually works

An NRB usually buys through a general power of attorney (GPA) holder. A GPA registered in Bangladesh is enforceable here; a notarized document from abroad must be attested by the Bangladesh mission before it carries weight. Keep the original deed and its certified copy in separate places.

4. Plan the exit before you enter

Repatriation works when the trail is clean: rental income is sent via NITA, TDS is deducted and deposited, and the annual return is filed with the NBR showing the income. Owners who skip the return find their remittance blocked at the bank's compliance desk.

How KRTaker helps from abroad

KRTaker stores deeds, ECs and NITA details per property; KR reminds you before compliance deadlines, tracks rental income against your NITA account, and keeps your local team accountable with a visible activity log — so "the caretaker stopped answering" stops being a risk.

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