Bangladesh Investment Development Authority (BIDA)
Ref No: WPE-04Aug2024-00010 Date: 19 August 2024
The President & COO
HANKYU HANSHIN EXPRESS Co., Ltd.
Crystal Palace, 3rd Floor, House # SE(D) 22, Road # 140, Gulshan South Avenue, Gulshan, Gulshan
Dhaka-1212
INVESTMENT IS PRIORITY
Subject: Extension of work permit of the foreign national
Dear Sir/ Madam,
Please refer to your application received on 07 August, 2024 & 19 August, 2024. I am pleased inform you that
Bangladesh Investment Development Authority (BIDA) has extended the work permit of the following foreign national as
per the decision of the 381st meeting of the Inter-Ministerial Committee held on 14 August, 2024 to the following foreign
national on conditions mentioned below:
Remuneration Details:
13 November, 2024 Effective From
:
Passport No : TZ1283109
Nationality : Work Permit Duration: 2 years Japanese
Designation : Country Manager
Name : NAOKI ISHIHARA
Date Of The First Appointment: 14 November, 2022
Payable amount Payment mode Description of salary and allowances
Monthly BDT 351000.00 Basic salary
Monthly BDT 25000.00 House rent
Monthly BDT 2500.00 Conveyance
Monthly BDT 10000.00 Medical allowance
The following terms and conditions must be followed:
1. The remuneration of the foreign worker must be paid with the remittance received from abroad. This condition is not
applicable for the foreign national appointed in a foreign bank, foreign insurance company, foreign airlines, and local
company;
2. The appointing authority must apply to BIDA with proper justification and sufficient supporting documents for
exemption of conditions no. (1) for paying remuneration to the foreign national from the profit generated locally by the
activities of the appointing authority;
3. The appointing authority must maintain a 5:1 ratio of local workers to foreign workers. Also, an appropriate pay
structure must be maintained for both local and foreign workers;
Bangladesh Investment Development Authority, Plot # E-6/B, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207.
Phone : PABX 88-02-55007241-5, Fax : 88-02-55007238, E-mail : info@bida.gov.bd, Web : www.bida.gov.bd
https://bidaquickserv.org. Document Generated Time: 8/19/2024, 11:38:21AM
Page 1 of 2
INVESTMENT IS PRIORITY
Bangladesh Investment Development Authority (BIDA)
Date: 19 August 2024 Ref No: WPE-04Aug2024-00010
4. Income tax must be deducted at source from the remuneration of the expatriate and must be deposited to the
appropriate government account as per the Income Tax Ordinance, 1984;
5. The work permit holder must submit an income tax return to the appropriate tax authority every year without fail.
Furthermore, the work permit holder shall submit an income tax certificate/income tax exemption certificate as per Section
no. 107 of the Income Tax Ordinance, 1984 at the time of leaving Bangladesh;
6. The date of departure of the work permit holder must be reported to BIDA within 7 (seven) days from the date of
expiry of the work permit. The appointing authority shall be held responsible for the illegal stay/employment of the work
permit holder after the expiry of the work permit;
7. The appointing authority and the work permit holder shall follow the Foreign Exchange Regulation Act, 1947 and
associated regulations and guidelines enacted under this act;
8. The Security Services Division will issue security clearance of the work permit holder after necessary verification and
due process;
9. BIDA reserves every right to take any action as it deems fit if the work permit holder involves in any subversive and
disciplinary activities and breaks any law or order of the country.
Please scan for verification
Copy forwarded for information and necessary action (not according to seniority):
1. Governor, Bangladesh Bank, Motijheel, Dhaka
[Attention: General Manager, Foreign Exchange Policy Department]
2. Chairman, National Board of Revenue, Segunbagicha, Dhaka
3. Senior Secretary/Secretary, Ministry of Foreign Affairs, Segunbagicha, Dhaka
4. Senior Secretary/Secretary, Security Services Division, Bangladesh Secretariat, Dhaka
5. Director General, Department of Immigration and Passport, Sher-e-Banglanagar, Dhaka
6. Deputy Commissioner of Taxes, Companies Circle 221, Taxes Zone 11, 9 Segunbagicha, Dhaka
7. Officer-in -Charge, Immigration, Hazrat Shah Jalal International Airport, Dhaka
8. Mr/Ms Kazuhiro Tanimura, President & COO, HANKYU HANSHIN EXPRESS Co., Ltd., Dhaka
( Faizur Rabbee )
Deputy Director
Phone: +880244826785
Email: faizur@bida.gov.bd
Your Faithfully
Bangladesh Investment Development Authority, Plot # E-6/B, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207.
Phone : PABX 88-02-55007241-5, Fax : 88-02-55007238, E-mail : info@bida.gov.bd, Web : www.bida.gov.bd
https://bidaquickserv.org. Document Generated Time: 8/19/2024, 11:38:21AM
Page 2 of 2
Bangladesh Investment Development Authority (BIDA)
Prime Minister's Office
Ref No: WPN-21Nov2022-00015 Date: 30 November 2022
To
The President & COO
HANKYU HANSHIN EXPRESS Co., Ltd.
Ataturk Tower, Flat #11/A (Lift # 10), 22 Kemal Ataturk Avenue,, Banani, Banani
Dhaka-1212
Subject: Work Permit for Foreign National
Dear Sir/ Madam,
With reference to your letter of 21 November 2022 & 30 November 2022 on the above mentioned subject, this is to inform you that according to
the decision of 340 Inter-ministerial Committee meeting held on 28.11.2022, the Bangladesh Investment Development Authority has been pleased to
issue work permit for the following foreign national employed in your company/office for the period shown against his name on the terms, conditions
Remuneration Details:
14 November 2022 Effect From : Passport No : TZ1283109
Nationality : Work Permit Duration : 2 years Japanese
Designation : Country Manager
Name : NAOKI ISHIHARA
Payment Category Payment Payable Amount
BDT 282500.00 Monthly Basic salary
BDT 25000.00 Monthly House rent
BDT 2500.00 Monthly Conveyance
BDT 10000.00 Monthly Medical allowance
Terms and Conditions:
1. The expenditure in this connection would be borne out of foreign exchange remittance received from abroad. This condition is not applicable in case of appointment
of foreign nationals in Foreign Bank,Insurance, Airlines, Bangladeshi Company etc.
2. If your Company earns profit locally and wants to meet the necessary expenditure of the company in Bangladesh with that profit, they can apply to the Authority with
proper justification and sufficient supporting documents for exemption of condition-1.
3. Appointment of Bangladeshi national as per ratio i.e. One Foreign national: Five Bangladeshi national [1:5] with suitable and appropriate pay structure shall have to
be ensured.
4. Income tax payable to the Government shall have to be deducted at source and to be paid as per provisions of Bangladesh Government I.T Ordinance 1984.
5. The Foreign national(s) is/are required to submit Income Tax Certificate/Income Tax Exemption Certificate according to the provision of section 107 of Income Tax
Ordinance, 1984 before the concerned Income Tax Office at the time of leaving Bangladesh as notified in Office memorandum File
No.Zarabo/Kar-7/A:A:B:/16/2002/38 dated 18/03/2002 of the NBR.
6. The date of departure of the expatriate(s) must be intimated to this Board within 7(seven) days from the date of expiry of the work permit. The company will also be
held responsible for the illegal stay/employment of the foreign national, after expiry of the work permit.
7. Ministry of Home Affairs will issue security clearance of the expatriate after verification.
8. All the salary and allowances must have to pay in the bank account of the investor/employee in Bangladesh
Copy forwarded for information and necessary action (Not according to seniority):
1. Secretary, Security Service Division, Ministry of Home Affairs, Bangladesh Secretariat, Dhaka
2. Secretary, Ministry of Foreign Affairs, Segunbagicha, Dhaka
3. Director General, Department of Immigration and Passport, Sher-e-Bangla Nagar, Dhaka
4. Companies Circle-221, Taxes Zone-11, 9, Segunbagicha, Dhaka
5. General Manager, Foreign Exchange Policy Department, Bangladesh Bank, Dhaka
Your Faithfully
( Faizur Rabbee )
Assistant Director
Phone: 55007231
Email: faizur@bida.gov.bd
Bangladesh Investment Development Authority, Prime Minister's Office, Plot # E-6/B, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207.
Phone : PABX 88-02-55007241-5, Fax : 88-02-55007238, E-mail : info@bida.gov.bd, Web : www.bida.gov.bd
To verify the authenticity of the approval copy, please scan the QR code & log on to https://bidaquickserv.org. Document Generated Time: 11/30/2022, 1:49:09PM