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Date: 27th November 2022
The Director (Commercial)
Bangladesh Investment Development Authority (BIDA)
Prime Minister's Office
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 TOA CORPORATION is a Japan-based company set up a Branch office in Bangladesh by taking permission from your office (BIDA Permission Ref No: OPE-11Sep2022-00002) effect from 15.11.2022.
I would like to inform you that, TOA CORPORATION is working on the Procurement of Land Development Works for Bangladesh Special Economic Zone Development under Foreign Direct Investment Promotion Project (FDIPP).
As per condition 7 of the office permission letter, a branch is obligated to bear all expenses by receipt of remittance from abroad. 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 has taken the decision to apply for waiver of condition 7 in pursuance to condition 9.
It is requested to take necessary steps to provide the approval for weaver of condition 7 in pursuance to condition 9 of permission letter.
Sincerely yours,
🗸
_______________
Mitsuhiro Torii
General Manager
TOA CORPORATION
(Bangladesh Branch Office)
Attachment:
Declaration for Waiver 7
Copy of BIDA permission letter.
Bangladesh Bank Intimation 18B
Bank Statement
Copy of TIN certificate.
Copy of BIN certificate.
Tax clearance certificate/ Ack. Receipt
Latest Audit Report
Copy of Encashment Certificate.
Copy of Office rental agreement.
Copy of agreement/invoices with customers.
Cheque / BEFTN copy as proof of income