Bangladesh Investment Development Authority (BIDA)
Ref No: WPN-24Dec2025-00030 Date: 08 January 2026
The President and Chief Operating Officer
Nippon Signal Company Limited
LEADS Tower (9th Floor), M-20, Main Road 1, Section 14, Mirpur, Mirpur
Dhaka-1206
INVESTMENT IS PRIORITY
Subject: Award of a new work permit to the foreign national
Dear Sir/ Madam,
Please refer to your application received on 24 December 2025 & 08 January 2026. I am pleased to inform you
that Bangladesh Investment Development Authority (BIDA) has issued a work permit as per the decision of the 414
meeting of the Inter-Ministerial Committee held on 30.12.2025 to the following foreign national on conditions mentioned
below:
24 December 2025 Effective From : Passport No : MZ2145473
Nationality : Work Permit Duration : 1 year Japanese
Designation : Country Manager
Name : Yoshizawa Toshiyuki
Remuneration Details:
Visa Type : E Type Visa
Payable amount Payment mode Description of salary and allowances
Monthly BDT 300000.00 Basic salary
Monthly BDT 30000.00 House rent
Monthly BDT 5000.00 Conveyance
Monthly BDT 15000.00 Medical allowance
Other fringe benefits: Accommodation provided by co, annual bonus, and reimbursements as per co-rules. Income tax
will be deducted by the company at the time of payment of salary as per Income Tax Act 2023
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: 1/8/2026, 2:48:04PM
Page 1 of 2
INVESTMENT IS PRIORITY
Bangladesh Investment Development Authority (BIDA)
Date: 08 January 2026 Ref No: WPN-24Dec2025-00030
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 Act 2023;
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. 243 of the Income Tax Act 2023 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 Ministry of Home Affairs will issue security clearance of the work permit holder after necessary verification and
due process;
9. Expatriate must apply for a security clearance through BIDA’s OSS portal within 21 working days of the issuance of
the work permit by BIDA. If the application for security clearance is not submitted within the specified timeframe, this
work permit will be invalid without prior notification.
10. 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, Ministry of Home Affairs, 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 HIDEHIKO TSUKAMOTO, President and Chief Operating Officer, Nippon Signal Company Limited,
Dhaka
( Syed Mohammad Shorfuddin )
Deputy Director
Phone: 44826785
Email: shovonshorfuddin@gmail.com
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: 1/8/2026, 2:48:04PM
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