BIDA Application for Waiver 7

Date: 15th May 2023 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 SANYO ENGINEERING & CONSTRUCTION INC. is a Japan-based company set up a Branch office in Bangladesh by taking permission from your office (BIDA Permission Ref No: OPE-23Feb2023-00002) effect from 20.03.2023. I would like to inform you that, SANYO ENGINEERING & CONSTRUCTION INC. is working on the TOA Corporation (BSEZ Electrical Support Service Maintenance and Land Development Project of BSEZ Under FDI promotion Project); Ship Aichi Medical Service Limited; Embassy of Japan Bangladesh TOWA Personal protective Device Bangladesh Ltd.; Bangladesh Honda Private Ltd. Shimizu Corporation; OSJI Joint Venture and generation profit locally. 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 the weaver of condition 7 in pursuance to condition 9 of permission letter. Sincerely yours, _______________ Yuichi Akagi, Country Manager SANYO ENGINEERING & CONSTRUCTION INC. (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