Efficient Trade License Solutions for Your Business
Obtain and maintain your trade license with ease, ensuring that your business operates legally and smoothly within your industry.
Services Offered:
- Trade License Application: We guide you through the process of applying for the necessary trade licenses to operate legally in your industry.
- Regulatory Compliance: Ensure that your business is compliant with local, state, and federal trade regulations to avoid fines or disruptions.
- Renewals & Updates: Keep your trade licenses current by handling timely renewals and necessary updates.
- Industry-Specific Trade Licenses: Assistance in acquiring specific trade licenses for industries such as retail, manufacturing, food service, and more.
- Document Preparation & Filing: We prepare and file the required documents to ensure a smooth and hassle-free application process.
- Consultation & Guidance: Expert advice on the trade licensing requirements based on your business type and location.
How to Obtain a Trade License in Bangladesh | Corporate.com
In Bangladesh, every business entity requires formal permission to operate, which is granted in the form of a Trade License. This permission must be obtained from the relevant office of the Dhaka City Corporation or Municipality (such as Union Parishad, Pouroshava, Upojilla, or Zillaparishad). The legal basis for this requirement is found in the Dhaka City Corporation Ordinance, 1983 and Municipal Taxation Rules, 1986. Operating a business without a valid trade license is illegal in Bangladesh.
To successfully obtain a trade license, entrepreneurs need to follow a prescribed application process through the relevant authority. For businesses located in Dhaka, you must choose between North Dhaka City Corporation and South Dhaka City Corporation based on your business location.
- Business License Application: We assist in obtaining the necessary licenses for your business to operate legally in your industry.
- Industry-Specific Licensing: Guidance and support for obtaining specialized licenses required in fields like healthcare, finance, and more.
- Renewals & Updates: Stay on top of licensing renewal deadlines and ensure your licenses are always up-to-date.
- License Compliance Audits: Regular audits to ensure you remain compliant with local, state, and federal licensing regulations.
- Permit Assistance: Help with securing the necessary permits for specific operations or business activities.
- Licensing Consultation: Expert advice on which licenses and permits are needed based on your business model and location.
Documents Required to Obtain a Trade License:
- Application Form (North or South Dhaka City Corporation Form)
- National ID card of the entrepreneur
- Proof of recent receipt or ownership
- Holding Tax payment receipt
- Recent passport-sized photo of the entrepreneur
- Declaration on non-judicial stamp paper stating adherence to City Corporation/Municipality/Union Parishad rules and regulations
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Certificate of Incorporation
- Partnership Agreement (if applicable)
- Work Permit from the Board of Investment (for foreign investors)
- Statement of Bank Solvency
- TIN (Taxpayer Identification Number) Certificate
Procedure to Obtain a Trade License:
- Obtain the Application Form: Collect the designated application form from the Dhaka City Corporation or the relevant Municipality office.
- Fill and Submit the Form: Complete the application form and submit it along with the required documents to the Taxation Officer. The Licensing Supervisor will then inspect the documents.
- Payment of Fees: Upon approval, the applicant must pay the scheduled fees at the relevant office.
- Issuance of Trade License: If all the requirements are met, the applicant will receive the trade license.
Estimated Processing Time:
The estimated time to process and issue the trade license is 3-4 working days, but this may vary depending on the nature and type of business.
Scheduled Government Fees:
- Application fee: BDT 10.00
- License fee: BDT 100.00 – 40,000.00, depending on the nature and type of business.
- For Limited Companies, the license fee is determined based on the paid-up capital of the company.
Renewal of Trade License (Commercial Firms):
Trade licenses must be renewed annually. To renew, the following documents are required:
- License Book (provided when the trade license is issued)
- Challan Book
- Proof of ownership or rent receipt
- TIN Certificate
Procedure for License Renewal:
- Deposit Fees: The applicant is required to deposit the scheduled renewal fees at the designated bank.
- Submission of Receipt: After receiving the fee receipt, submit it to the relevant zonal office of the City Corporation or Municipality to complete the renewal process.
Estimated Processing Time for Renewal:
The estimated time for license renewal is 1-2 working days, although this may vary based on the type of business.
Scheduled Government Fees for Renewal:
- Application fee: BDT 10.00
- License renewal fee: BDT 100.00 – 40,000.00, based on the nature and type of business.
- For Limited Companies, the renewal fee is determined by the paid-up capital.