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[Process]
Special Application process in stead of BIDA Waiver 7 Process
【Normal Process】
1st month
No. | Steps | Concern Authority | Time | 1 | 2 | 3 | 4
1 | Receiving Sales in Bank Account | Bank | 1 week
2 | Applying waiver 7 and Getting Approval | BIDA | 2 weeks
【Special Case】
1st month | 2nd month | 3rd month
No. | Steps | Concern Authority | Time | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4
1 | Application BIDA to issue Letter to Credit the Fund in Fujita's Bank Account | BIDA | 1.5 months
2 | Receiving Sales in Bank Account | Bank | 1 week
[Documents]
【Required documents for BIDA letter】
No. | Documents name | Notes
1 | Application to BIDA
2 | Board Resolution
3 | Explanation for crediting fund in Fujita Branch office Bank Account
4 | Supporting documents of Income (e.g. Agreement, Invoice, Bill)
5 | Agreement with client for proof of income
6 | Supporting documents of relationship Fund Transferer and Fund Receiver
*BIDA may ask extra documents submission. We cannot know in advance all as this is special application.