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Date: 20 Dec 2022
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 7 of BIDA Branch Office permission letter.
Dear Sir,
We are very pleased to introduce ourselves that Asia Projects Engineering Private Limited (APECO)
is a Japan-based company set up a Branch office in Bangladesh by taking permission from your office
(BIDA Permission Ref No: OPE-28Aug2022-00001) effective from 01.09.2022.
But as per condition 7 of the permission letter, this branch is obligated to pay all operational, functional
and establishment costs including salaries of the expatriates and local employees in the branch office
by receipt of remittance from abroad. But the company is generating income from the local source, and
we want to bear all operational expenses from the Branch office income. Hence the management of the
company takes the decision to apply for a weaver of condition 7 in pursuance to condition 9.
It is requested to take the necessary steps to provide the approval for the weaver of condition 7 in
pursuance to condition 9 of the permission letter.
Sincerely yours,
______________
Jaspreet Singh
Branch Manager
Asia Projects Engineering Private Limited
(Bangladesh Branch Office)
Attachment:
1. Certified true copy of Board Resolution;
2. Copy of BIDA permission letter; (all)
3. Copy of Bangladesh Bank Intimation U/S 18B of Foreign Exchange Regulation (Amendment)
Act, 2015;
4. Bank Statement;
5. Copy of TIN Certificate;
6. Copy of BIN Certificate;
7. Tax clearance certificate / Acknowledgement Receipt of Tax
8. Latest Audit Report
9. Copy of Encashment Certificate;
10. Copy of Office rental Agreement;
11. Copy of agreement/invoices with customers.
12. Cheque / BEFTN copy as proof of income.