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JGC CORPORATION JGC CORPORATION Dhaka Branch
2-3-1, Minato Mirai, Nishi-ku, Yokohama 220-6001, Japan
Tel: 81-45-682-1111
Date: 2 nd October 2023
The Director
Foreign Exchange Investment Department,
Bangladesh Bank, Head Office
Motijeel CIA, Dhaka-1000, Bangladesh.
Crystal palace, Office 316, 3'" Floor, House #SE(O)22,
Road#l40 Gulshan South Avenue, Gulshan-1, Dhaka, 1212, Bangladesh
Through: Standard Chartered Bank, Gulshan Branch, 67 Gulshan Avenue, Dhaka 1212.
Subject: Application for waiver
of
condition no. 8
of
BIDA Branch Office permission letter
Dear Sir,
We
are very pleased to introduce ourselves that JGC CORPORATION is a Japan-based company set up a Branch
office in Bangladesh by obtaining pennission from your office (BIDA Permission
Ref
No: OPE-23Oct2022-
00001 Date:) effect from 31.10.2022.
I would like to inform you that, JGC CORPORATION
is
working in Bangladesh Special Economic Zone
Development Project Stage 1 in Phase 1 at Araihazar, Narayanganj.
It is mentionable that JGC CORPORATION (Branch office) is earning profit locally (Net Profit After Tax BOT
44,629,248.00 in the Financial
Year
2021-2022) and the necessary expenditure
of
the company in Bangladesh is
meeting up with that profit. There are some surplus amounts after the expenditures. And we are willing to send
the money to our principal office but 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
JGC CORPORATION is willing to
take the profit which is generated by the Branch Office.
Hence, we need the exemption
of
condition no. 8
of
the Branch Office pennission letter.
Therefore, it is highly requested to take the necessary action to provide the approval
of
waiver
of
condition 8 in
pursuance to condition 9
of
the permission letter.
Sincerely you,
General Manager
JGC CORPORATION
(Bangladesh Branch Office)
Attachment:
"
1. Declaration for Waiver 8
2. Agreement with the clients (Proving the source of income);
3. Supporting documents
of
source
of
income (e.g. Cheque/Pay Order etc.)
4. Audit report for the year ended 30 June 2020 and 2022
5. Annexure B
6. Bank Statement
of
the Last 12 months.
7. Latest Tax Certificate of Assessment Year 2022-2023
8. Acknowledgement of Income Tax Receipt A Y 2022-2023
.
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