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This is an overall guideline stating the procedure to obtain all types of trade licenses in Bangladesh, from manufacturing to...

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Procedure to Obtain All The Types of Trade Licenses in Bangladesh.

This is an overall guideline stating the procedure to obtain all types of trade licenses in Bangladesh, from manufacturing to trade businesses, this guideline will help you understand the types of trade licenses required for your business and step by step procedure as to how to obtain a trade license in Bangladesh. It shall also lay down the procedure to obtain the suitable trade license for your businesses in Bangladesh.

In this guideline we shall provide you with a step by step procedure for obtaining trade licenses in Bangladesh, starting from explaining what trade license is, and what are the reasons why one must have trade license to do business in Bangladesh and how to obtain trade license in Bangladesh.

What is Trade License in Bangladesh and Why it is Required to Obtain Trade License in Bangladesh to do Business.

What is Trade License in Bangladesh and Why it is Required to Obtain Trade License in Bangladesh to do Business.

Businesses in Bangladesh let it be a Sole-Proprietorship, Partnership or a Limited Liability Company, all need a trade license to operate. Upon successfully incorporating/registering a company in Bangladesh, one must obtain trade license to proceed with the businesses in Bangladesh.

One can obtain Trade License from the respective City Corporation Offices in Bangladesh or City Council offices in Bangladesh of the respective district. The legal basis as to how to obtain Trade Licenses in Bangladesh is found in Local Government (City Corporation) Act 2009 and Municipal Taxation Rules, 1986.

In order to obtain the Trade License that is suitable and the right one for your business, it is important to choose the correct application form depending on the location of the businesses. Moreover, the process of obtaining a trade license is different for manufacturing and commercial business entities along with the checklist requirements of the business.

Types of Trade Licenses in Bangladesh.

There are few different versions of trade licenses in Bangladesh, the types of trade licenses available in Bangladesh are mentioned below:

1. General Trade License

This is the category of trade licenses that can be used for businesses of all most all types except the Commercial or Manufacturing businesses.

2. Commercial Trade License

This trade license is required for an individual or a separate legal business entity that wishes to conduct commercial businesses, such as retail stores etc.

3. Manufacturing Trade License

The manufacturing trade license is required for businesses who are involved in manufacturing businesses. Such businesses usually have factories or industries.

The Step by Step Procedure as to how to for Obtain a Trade License for General Businesses in Bangladesh

Followings are the step by step procedure as to how to obtain trade licenses in Bangladesh for General Businesses, as follows:

Step 1:

Collecting the required Application Form from the City Corporation or Municipality Office.

Step 2:

Fill in the Trade License application form

Step 3:

Arrange the copies of the required documents.

Step 4:

Submit the filled-in application form and required documents to the concerned office.

Step 5:

Verification of the application and supporting documents by the Licensing Supervisor.

Step 6:

Next, the Required fees shall be deposit at the concerned office.

Step 7:

If the Concerned Authority is satisfied after verification, it shall issue a Trade License Certificate to the applicant.

Step 8:

Collection of Trade License Certificate form the City Corporation/ Municipal Corporation.

Required Documents for Obtaining General Trade License in Bangladesh.

→ Prescribed Trade License Application Form.
→ A National ID Card of the Owner.
→ 3 Copies of the Passport Size Picture of the Owner.
→ A Holding Tax Payment receipt.
→ A company Incorporation Certificate.
→ A certified copy of the Memorandum of Association
→ Tax Clearance Certificate (TIN).
→ An Agreement of Partnership.
→ opy of Passport if the director is a foreigner.