Application

Date: 27th March 2023 The Director (Commercial) Foreign Exchange Investment Department, Head Office, Bangladesh Bank. Motijeel C/A, Dhaka-1000, Bangladesh. Subject: Application for waiver of condition no. 8 of BIDA Branch Office permission letter Dear Sir, We are very pleased to introduce ourselves that TOA CORPORATION is a Japan-based company has a Branch office in Bangladesh and extended permission from your office (BIDA Office permission Ref No: OPE-11Sep2022-00002) on 15.11.2022 and valid for 2 years. I would like to inform you that, TOA CORPORATION is working in Bangladesh and engaged in two different projects funded by JICA and one private project namely: Land Development works for Bangladesh Special Economic Zone under Foreign Direct Investment Promotion Project (FDIPP); Bangabandhu Sheikh Mujib railway Bridge Construction Project and Construction of Production Facility for Singer Bangladesh Ltd. at Bangladesh Special Economic Zone at Araihazar, Narayanganj It is mentionable that TOA CORPORATION (Branch office) is earning profit locally 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 resend 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 TOA 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 permission letter. Therefore, it is highly requested to send take the necessary action to provide the approval of waiver of condition 8 in pursuance to condition 9 of the permission letter. Sincerely yours, 🗸 ______________________ Mitsuhiro Torii General Manager Bangladesh Office TOA CORPORATION Attachment: 1. Forwarding letter; 2. Audit report; 3. Latest Tax Certificate; 4. Bank Statement; 5. Encashment certificate (all); 6. Agreement with the clients (Proving the source of income); 7. Supporting documents (e.g. Cheque/Pay Order etc) regarding credits for the last two years