MIURA SINGAPORE CO PTE.LTD.
Bangladesh Liaison Offic
Level - 11, Sanmar Tower - 2, Plot # 38A, Road - 35, Gulshan - 2,
Dhaka-1212, Bangladesh
Phone no: +88 02 48810577
Date: 15th June 2025
The Deputy Director,
Foreign Exchange Investment Department,
Bangladesh Bank, Head Office,
Dhaka-1000.
Through: Prime Bank Limited, Plot # 01, Block # CEN(H), Road # 109, Gulshan Avenue, Dhaka-1212.
Subject: Explanation of Non-submission of Documents for the approval of repatriation of the residual Balance.
Dear Sir,
We, MIURA SINGAPORE CO PTE. LTD., Liaison office, all activities on 31st March 2023, and BIDA has issued an approval copy of the Liaison office closure (Ref No: OPC-12Mar2025-00001).
After settling all local liabilities (salaries, taxes, vendor payments, etc.), a residual balance of BDT 46,07,758.46 remains in our account (Prime Bank Limited, Banani Branch, A/C No: 2118113021179).
We have submitted all documents as per Annexure-A of FEID Circular Letter No. 02 (2019) except the following documents:
We are not subject to any restriction from the competent authorities regarding outward remittance. Therefore, the requirement to submit “Approval of competent authorities waiving restrictions” is not applicable to us.
MIURA SINGAPORE CO. PTE. LTD. does not hold any local loans or credit facilities in Bangladesh. Accordingly, the “Credit Information Bureau (CIB) report” is not applicable to the company.
As a liaison office, MIURA SINGAPORE CO PTE. LTD. did not undertake any “project work, receive any awards, or raise any bills” from order givers. Hence, the requirement to submit related documentation is not applicable.
All expenses of the liaison office were fully maintained and funded by the Head Office. No loans were received from the Head Office; therefore, “Approval from the authorities for loans from the Head Office” is not applicable.
We cordially request you to allow us to repatriate the residual balance to Head Office.
Sincerely Yours,
🗸
_______________________________
Mohamad Rizwan Bin Shahabuddin
Country Manager
MIURA SINGAPORE CO PTE. LTD. (Bangladesh Liaison Office)