A trade license is an essential certificate for doing business. Trade license provides legality to the business, and lack of it is subject to litigation in various cases.
That’s why a trade license is an important issue in any business and must be done. Today we will discuss how we can get a trade license, and all the information for a trade license is presented here.
All About Trade License Application Bangladesh
A trade license is a state-approved permit to operate a business. This license is issued based on the application of a business entrepreneur.
There are separate licenses for a sole proprietorship, partnership business, and joint venture business registered in the name of an individual or organization. And separate trade license is mandatory for each separate business.
An applicant for a trade license must first decide under which local government his business will operate. Local Government means City Corporation, Municipality, Union Parishad, District, or Upazila Parishad.
A trade license for an office can do business nationwide. However, a separate trade license must be obtained for a branch office to be established under another local government for business expansion.
In the case of Dhaka city, which area-based business activities will be conducted should be selected. Dhaka North and South City Corporation each has ten zones. The application form for a trade license is available from the regional office, and the trade license is finally issued from there.
According to the gazette of 2016, trade licenses are issued in a total of 294 categories in Bangladesh. These categories apply to all city corporation areas of the country.
The Necessity of a Trade License
Legally you can never start a business without a trade license. You must take a trade license if you want to carry out commercial activities in the city corporation area. He can be prosecuted if someone starts a business without a trade license.
It’s not just that you need to get a trade license for legal obligations; trade licenses are required for various business activities.
Trade License Application Form Bangladesh
The first thing you need to do to apply for a trade license is to collect the application form. Collect the application form, fill it out well, and submit it to the designated officer. After this, the initial application for your trade license will be completed.
Many people do not find the application form for a trade license application. For them, today, I have presented the application form for applying for a trade license.
Trade License Application Form PDF Download
Now let’s download the application form for the trade license. You can download the application form below.
Below is the pdf of the application form. Download your application form by clicking on the link, complete it, and submit it at the specified place.
Cost of Trade License in Bangladesh
At this stage, we will know about the cost of a trade license. Many people want to know about the cost of a trade license, but many do not know properly. Today’s discussion is for them. From here, you can easily know how much it will cost to get a trade license. So let’s find out.
Just as licenses vary based on the type of business, the costs required for different licenses also vary widely.
To collect a trade license from Dhaka City Corporation, this amount can be as low as 500 to as high as 60 thousand takas. Operating multiple businesses under one name will further increase the cost depending on the type of business.
However, in the case of companies, all types of business can be done with one license at a low cost. The rates of this trade license cost are fixed per the rules of the City Corporation Standard Tax Schedule, 2016.
Apart from this, there is a signboard fee according to shape, cost of license book, and 15 percent VAT on these.
The incidental expenses of the trade license must be paid by depositing it in the banks mentioned in the application form. Download the below PDF link for details about Trade License Costs.
How to Get a Trade License
Many people want to know the answer to the question of how to get a trade license. Let us know how we can get a trade license.
For a trade license, you must fill out the application form after depositing the prescribed fee from the concerned City Corporation Municipal Union Parishad office. Necessary documents must be submitted along with the application form.
From where to Get a Trade License
You can collect your trade license from the City Corporation office if your business establishment is under the City Corporation. You must collect your trade license from the municipal office if your business activities are in the municipal area.
And if your business activities are under Union Parishad, you can collect your trade license from the Union Parishad office.
I hope you learned everything about a trade license from today’s discussion. You can inform us through the comment box if you face any problems or want to know something while doing a trade license. We will try to help you with any problem. Thanks for visiting our site.