Bangladesh Investment Development Authority (BIDA)
Prime Minister's Office
Ref No: WPE-24Aug2022-00047 Date: 15 September 2022
To
The Country Manager
Sanyo Engineering & Construction Inc.
Plot -3,Venture Tower (6th Floor) Bir Uttam A. K. Khandakar Road,,Mohakhali C/A, Gulshan , Gulshan
Dhaka-1212
Subject: Extension of Work Permit for Employment of Foreign National
Dear Sir/ Madam,
With reference to your application of 24 August, 2022 and based on your submitted payment at 15 September, 2022 on the above mentioned subject,
this is to inform you that according to the decision of the 335th meeting of the Inter-ministerial Committee held o n 11 September, 2022, the Bangladesh
Investment Development Authority (BIDA) has been pleased to issue work permit for the following foreign national employed in your company /office under
the following remuneration with the stated terms and conditions:
YUICHI AKAGI Name Work Permit Duration 1 year
Designation Country Manager
15 October, 2022 Effect From Nationality Japanese
Passport No TS1225855
Remuneration Details:
Date Of The First Appointment 15 October, 2016
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Payment Category Payable Amount Payment
BDT 170000.00 Monthly Basic salary
BDT 25000.00 Monthly House rent
BDT 10000.00 Monthly Medical allowance
Terms and Conditions:
1. The remuneration of the expatriate would be borne out of foreign exchange remittance received from abroad. This condition will not be applicable in the case
of appointment of a foreign national in Foreign Bank, Insurance, Airlines, and in a Bangladeshi incorporated company.
2. If the Company can earn profit locally and wants to meet necessary expenditures of the company in Bangladesh with that profit, they may apply to BIDA
with proper justification and sufficient supporting documents for exemption of the condition no 1.
3. The organization will ensure the appointment of Bangladeshi nationals as per the prescribed ratio i .e. One Foreign national is to Five Bangladeshi national
[1:5] with appropriate pay structure.
4. Income tax shall be deducted at source from the remuneration of the expatriate and shall be payable to the Government as per the provisions of Income tax
ordinance 1984.
5. The Foreign national shall submit Income Tax Certificate/Income Tax Exemption Certificate according to the provision of section 107 of Income Tax
Ordinance, 1984 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 this expatriate must be intimated to BIDA within 7(seven) days from the date of expiry of the work permit. The company shall be
held responsible for the illegal stay/employment of the foreign national, after expiry of this work permit.
7. The Foreign Exchange Regulation Act <http://bdlaws.minlaw.gov.bd/pdf_part.php?id=218>, 1947 (amended at 2015), and associated regulation and guidelines
under this act shall be complied with..
8. Ministry of the Home Affairs will issue security clearance of the expatriate with due process and verification.
9. If any activities of this expatriate transpire to be subversive to the state this authority reserve every right to take any action as it deems fit.
Additional Condition: The IMC extended the work permit for the last time considering the importance of the company’s business.
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
( Faizur Rabbee )
Assistant Director
Phone: 55007231
Email: faizur@bida.gov.bd
Your Faithfully
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: 9/15/2022, 3:40:10PM