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Date: 24th April 2025
The Director,
Foreign Exchange Investment Department,
Head Office, Bangladesh Bank.
Dhaka.
Through: Eastern Bank Ltd., Gulshan Branch, 100 Gulshan Avenue, Dhaka-1212.
Subject: Apology letter for late submission of attached document for “Notification on the opening of Establishment Representative Office under Section – 18B of Foreign Exchange Regulation (Amendment) Act, 2015”.
Dear Sir,
I would like to inform you that we Sun Co., Ltd. have obtained first time BIDA permission on 30th December 2024 for two (2) years from Bangladesh Investment Development Authority (BIDA Ref No: OPE-07Dec2024-00002) in order to set up a Representative Office to undertake the work as mentioned in the BIDA permission document.
We sincerely apologize for not submitting the required documents to the bank within the given timeline. The delay was caused by an internal documentation mistake, and we take full responsibility for the oversight.
We understand the importance of timely communication and regret any inconvenience this delay may have caused. Please be assured that we have taken steps to improve our internal processes to ensure such mistakes do not happen again in the future.
I acknowledge that this is a violation rule and I apologize for the mistake.
It is a request to accept our apology as well as accept this letter as intimation in your record according to the Foreign Exchange Regulation (Amendment) Act, 2015.
Sincerely Yours,
🗸
__________________
Shumpei Nakasone
President & CEO
Sun Co., Ltd.
(Bangladesh Representative Office)