Bangladesh Investment Development Authority (BIDA)
Ref No: OPN-22Jul2025-00002 Date: 03 August 2025
Representative Director,
Yokogawa Bridge Corp.
C/o LOCUS, Tower-52, Level-4, Road-11, Banani Block-C, Banani, Banani
Dhaka-1213
Sub: Permission for opening of Branch Office
Dear Sir,
With reference to your applications received on 22 July 2025 & 03.08.2025 on the above subject, this is to inform you that according to the decision of 404
Interministerial Committee meeting held on 30.07.2025, the Bangladesh Investment Development Authority of Bangladesh has been pleased to allow you to
open Branch Office in Dhaka for a priod of 3 years with effect from 01.08.2025 on the following terms and condition:-
1. The activities of your Branch Office shall remain confined to New Steel Bridge Project, Steel Bridge Maintenance Project, Construction Business, Bridge
Related Products, Civil Engineering and Construction of Buildings, Import, Export, Supply, Trading, Maintenance & Repair; Survey, Technical Consulting
Etc..
2. You shall have to report to Bangladesh Bank within 30(thirty) days of obtaining permission from Bangladesh Investment Development Authority to establish
in Bangladesh a branch office or liaison office or representative office or any other place of business for carrying on any activity of a commercial nature and the
same reported letter shall have to submit to BIDA for recording.
3. In case you intend to continue your office beyond the period approved in this order, you shall have to apply for necessary renewal in the prescribed form at
least 2(two) months before expiry of present term.
4. Ministry of Home will issue security clearance in favour of your office after verification.
5. If you intend to employ any foreign national(s) in your office, prior government approval should be obtained from this Authority. In this context, you are to
ensure appointment of 5(five) local people at your office preferably in executive position under appropriate pay structure against l(one) foreign national.
6. While operating, your business programme in this country, you shall have to abide by the rules, regulations, orders and instructions issued by the Government
of Bangladesh from time to time.
7. All operational, functional and establishment costs including salaries of the expatriates and local employees in your office will be met on receipt of
remittance from abroad.
8. No outward remittance of any kind (except profit) from Bangladesh sources will be allowed.
9. If your office earns profit locally and wants to meet the necessary expenditure of the company in Bangladesh with that profit, you can apply to this Authority
with proper justification and sufficient supporting documents for exemption of condition-7 & 8.
10. You shall have to open an account with any scheduled Bank of Bangladesh for receipt of remittance to meet the expenses mentioned in condition -7 & 8
above.
11. Quarterly return of income and expenditure out of remittance receipt from abroad shall have to be submitted to this Authority, Deputy Commissioner of
Taxes, Companies Circle-17 or clrcle-59(as applicable) and Bangladesh Bank.
12. Any change of your present address should be intimated to this Authority for necessary action before the change is actuated.
13. The permission issued under this order does not exempt you from the responsibility for obtaining clearance from any other Govt. agency if required under
the existing Laws/Rules of the country.
14. You are not entitled to open any other business establishment beyond what has been sanctioned under the coverage of this order. If you intend to open any
business establishment other than this, you have to apply separately.
15. Income tax shall have to be deducted at source while paying house rent, salaries, bills for supply of goods, services and contract work & subsequently to be
deposited to the government accounts as per provisions of Income Tax Ordinance, 1984.
16. The permission issued under this order may be revoked, suspended and altered either in part or whole and new condition be added at any time without
assigning any reason thereof.
17. The Company shall have to bring inward remittance of at least US$ 50,000.00 within 2 (two) months from the date of issue of permission letter as
established cost and 6 months operational expenses failing which the Company shall have to remit 5% additional amount for each month.
Your Faithfully
( Syed Mohammad Shorfuddin )
Deputy Director
Phone: 44826785
Email: shovonshorfuddin@gmail.com
Copy forwarded for information and necessary action (Not according to seniority):
1. Bangladesh Bank, Motijheel C/A,Dhaka (Attention: The Governor).
2. Ministry of Foreign affairs, Segunbagicha, Dhaka (Attention: Foreign Secretary).
3. Ministry of Home Affairs, Bangladesh Secretariat, Dhaka (Attention: The Secretary).
4. National Board of Revenue, Segunbagicha, Dhaka (Attention: The Chairman).
5. Registrar of Joint Stock Companies & Firms, TCB Bhaban, Karwan Bazar, Dhaka (Attention: The Register)
6. Yuzuru NAKAMURA, Representative Director, Yokogawa Bridge Corp., Dhaka
Bangladesh Investment Development Authority, Plot # E-6/B, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207.
Phone : PABX 88-02-55007241-5, Fax : 88-02-55007238, E-mail : info@bida.gov.bd, Web : www.bida.gov.bd
To verify the authenticity of the approval copy, please scan the QR code & log on to https://bidaquickserv.org. Document Generated Time: 8/3/2025, 5:59:57PM