Receiving a trade license is the initial step of beginning a business. Doing business in Bangladesh requires formal authorization from Dhaka City Corporation or the Municipality’s important office (Union Parishad, Pouroshava, Upozilla or Zilla Parishad) to work. This authorization is given as a Trade License. This writing talks about the trade license process and cost in Dhaka Bangladesh.

INITIAL STEPS:

To get a Trade License in Bangladesh the lawful premise of this prerequisite is being presented in Bangladesh under the City Corporation Taxation Rules 1983 and Municipal Taxation Rules 1986. It is issued when a business visionary is connected through the license form/structure. Working in business without an exchange permit is unlawful in Bangladesh. To effectively acquire an exchange permit, the business visionary must utilize the fitting structure and apply it through the significant expert’s office. For example, Dhaka City Corporation is separated into two sections, North and South. The candidate will be required to pick the right structure contingent upon the territory where the business is found. To begin, the lawful authorization and trade permit from the City Corporation or City Council of the relevant business zone must be obtained. The expense of getting a business permit is BDT 2000.

PROCEDURE:

The procedure is overseen by the City Corporation or city committee where the business exists. A permit is issued solely for the sake of the licensee and such permit is not transferable. The licensee will not utilize the permit for some other purposes, with the exception of the reason and nature of calling, trade or calling it was issued. The concerned staff of the zonal tax collection office gives a renewed Trade License. An expense for an exchange permit must be kept at any Bank as demonstrated on the Trade License form/structure.

The List of archives required for acquiring a trade permit is as follows:

1. Application Form from Dhaka City Corporation (North Form) or (South Form)
2. National ID card of the entrepreneur
3. A recent receipt or ownership proof
4. A recent passport-size photo of the entrepreneur
5. Work Permit from Board of Investment
6. Statement of Bank Solvency&TIN Certificate

ADDITIONAL REQUIRED DOCUMENTS FOR TRADE LICENSE:

• In the case of a general Trade License – An attested Copy of the Rent Receipt or Rental Agreement and also a copy of the Holding Tax payment receipt.
• In the case of Trade licenses for industries – Everything mentioned in serial no. 1 plus:
• No objection declaration on the surrounding
• Location Map
• Copy of fire certificate
• Declaration on the non-judicial stamp of tk 150/to abide by the rules & regulations of DCC.
•  In the case of Clinic/Private Hospital: permission from the Director General of Health.
•  In the case of Limited Company: Memorandum of Articles Certificate of In-Corporation
•  In the case of Printing Press & Residential Hotel Permission from DC
•  In the case of Recruitment Agencies – a License from Manpower Manpower Export Bureau.
•  In case of Arms and Ammunition – A copy of the Arms License.
•  In the case of Drugs and Narcotics – A copy of the Drug/Narcotics License.
• In the case of Travailing Agency – Approval from the civil aviation authority.

PROCESSING TIME LIMIT:

The estimated Processing Time for issuing the license is 3-4 working days, however, may vary depending on the nature of the type of business.

RESERVED ADMINISTRATION PAYMENT:

• The submission fee is BDT 10.00.
• License fee varies between BDT 100.00- 40,000.00 subject to the nature and type of business.
• For a Limited Company, the License fee is determined based on paid-up capital.

RENEWAL OF BUSINESS CERTIFICATE (COMMERCIAL COMPANIES): Business Licenses are compulsory to be renewed yearly. The papers required are a License Book which is provided at the time of issuance of the Trade License, a challan Book, rent and receipt of ownership proof and a TIN Certificate.

STRATEGY FOR RENEWAL: The candidate is required to store the planned charges at the assigned bank. After getting the charge receipt, the City Corporation or Municipality’s pertinent zonal office will finish the restoration procedure if the various necessities are met.

TRADE LICENSING AT CLP: The Barristers, Advocates, and lawyers at CLP in Gulshan, Dhaka, Bangladesh are highly experienced in assisting clients with trade licensing. For queries or legal assistance, please reach us at:

E-mail: info@counselslaw.com
Phone: +8801700920980 | +8801947470606
Address: House 39, Road 126 (3rd Floor) Islam Mansion, Gulshan 1, Dhaka.