Application

Date: June 22, 2022 Ref.: TOA-BGD-BRN-2022094 To The Director (Commercial) Bangladesh Investment Development Authority (BIDA) Prime Minister's Office People’s Republic of Bangladesh E-6/B, Agargaon, Sher-e-Bangla Nagar, Dhaka 1207, Bangladesh. Subject: Application for waiver of condition no. 8 of BIDA Branch Office permission letter Dear Sir, We are very pleased to introduce ourselves that TOA CORPORATION is a Japanese-based company set up a Branch office in Bangladesh by taking permission from your office vied letter Ref No: OPN-03Nov2019-00001 dated 05 January 2020. I would like to inform you that, TOA CORPORATION is working in Procurement of Land Development Works for Bangladesh Special Economic Zone Development under Foreign Direct Investment Promotion Project (FDIPP). It is mentionable that TOA CORPORATION is earning profit locally and the necessary expenditure of the company in Bangladesh is settling with that profit. As per condition no. 8 of the permission letter, outward remittance of any kind from Bangladesh sources will not be allowed. But the headquarter of TOA CORPORATION is willing to take the profit which is generated by the Branch Office. Hence, we need the waiver of condition no. 8 of BIDA Branch Office permission letter. Therefore, it is highly requested to send take the necessary action to provide the approval of waiver of condition 8 in pursuance to condition 9 of the permission letter. Sincerely yours, ______________________ Mitsuhiro Torii General Manager Bangladesh Office TOA CORPORATION Attachment: 1. Forwarding letter; 2. Audit report; 3. Acknowledgment receipt of return of income (AY 2020-2021) and Non-submission of Clearance certificate; 4. Bank Statement of the FY; 5. Encashment certificate (all); 6. Agreement with vendor (Proving the source of income); 7. Office permission (All); 8. Approval letter of BIDA waiver condition 7; 09. TIN; 10. 18B intimation.