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Date: 19th October 2022
The Director (Commercial)
Bangladesh Investment Development Authority (BIDA)
Prime Minister’s Office
E-6/B Agargaon,
Sher-e-Bangla Nagar,
Dhaka-1207.
Subject: An application for waiver of BIDA condition no. 8. (Seeking approval of sending outward remittance).
Dear Sir,
We, JGC Corporation having a Branch Office in Bangladesh (BIDA permission Ref No: 03.219.344.00.00.0000.2567.15102019). We are doing business in Bangladesh since 2019. As a Branch Office we have made some profit against our sales. Hence, we have decided in our Board Meeting that the profit of JGC CORPORATION (Bangladesh Branch Office) will be shared with our parent company which is located in Japan. It is mentionable that the board of directors have confirmed that there is no objection about this matter.
Therefore, it is humble request to you to accept this application as a formal notification for the waiver of BIDA condition no. 8 and take essential steps to approve the waiver of BIDA condition no. 8.
Thanking you.
√
________________________
Takaya Matsuoka
General Manager
JGC CORPORATION
(Bangladesh Branch Office)