Trade license fee in bangladesh and trade license renewal fee - Law Firm in Bangladesh

Trade license fee: How to Obtain All Types of Trade Licenses in Bangladesh

This is a comprehensive guide outlining the procedure to obtain all types of trade licenses in Bangladesh, from manufacturing to trade businesses. This guide will help you understand the types of trade licenses required for your business, as well as the step-by-step process to obtain a trade license in Bangladesh. It will also outline the procedure for obtaining the appropriate business license in Bangladesh.

In this guide, we will provide a step-by-step process for obtaining trade licenses in Bangladesh, beginning with an explanation of what a trade license is, the reasons why a trade license is required to conduct business in Bangladesh, and how to obtain a trade license in Bangladesh.
What is a Trade License in Bangladesh, and Why Doing Business in Bangladesh Requires a Trade License? A Trade License or Business License in Bangladesh is a document that certifies that you are permitted to conduct business in the field specified in the trade license. Therefore, it is also known as a business license or business permit in Bangladesh.

In Bangladesh, sole proprietorships, partnerships, and limited liability companies all require a business license to operate. To conduct business in Bangladesh after effectively incorporating or registering a company in Bangladesh, one must obtain a trade license.

One may obtain a Trade License from the respective City Corporation Offices or City Council Offices of the respective district in Bangladesh. Local Government (City Corporation) Act of 2009 and Municipal Taxation Rules of 1986 provide the legal framework for obtaining Trade Licenses in Bangladesh.
In order to obtain the Trade License that is suitable and the right one for your business, it is essential to choose the correct application form depending on the location of the businesses. In addition, the process for obtaining a trade license differs for manufacturing and commercial businesses, as do the requirements for the business’s check list.

Other Licenses Necessary for Your Business in Bangladesh

Types of Business Permits in Bangladesh

There are several variants of commercial licenses in Bangladesh; the variants of commercial licenses available in Bangladesh are listed below.

General Trade License

This is the category of trade licenses applicable to the vast majority of business classifications, excluding Commercial and Manufacturing businesses.
Commercial Trade Permit

This license is required for any individual or legal entity that wishes to engage in commercial activities, such as retail establishments, etc.

Manufacturing Trade Permit

The manufacturing trade license is required for companies engaged in the manufacturing industry. Typically, these enterprises have factories or industries.

The following are the step-by-step instructions for obtaining trade licenses in Bangladesh for General Businesses:
Step 1 | Acquire the necessary Application Form from the City Corporation or Municipality Office.
Step 2 | Fill out the application for a Trade License.
Step 3 | Organize the required document copies.
Step 4 | Submit the completed application form and supporting documentation to the appropriate office.
Step 5 | The Licensing Supervisor verifies the application and supporting documents.
Step 6 | Deposit the required fees with the appropriate office.
Step 7 | If the concerned authority is satisfied with the verification, it will issue the applicant a Trade License Certificate.
Step 8 | Collection of a Certificate of Trade License from the City Corporation or Municipal Corporation.

Documents Required to Obtain a General Trade License in Bangladesh

Application for a Trade License Form
A national identification card
Three copies of the owner’s passport-sized photograph
A Receipt for Holding Tax Payment
A company’s Certificate of Incorporation
A certificate of registration for VAT.
Declaration on non-judicial stamp to comply with City Corporation/Municipality/Union Parishad rules and regulations

Copy of the company’s Financial/Bank Solvency Certificate
Tax Exemption Certificate (TIN)
An agreement to form a partnership
Bangladesh Investment Development Authority (BIDA) Work Permit
Copy of the director’s passport if he or she is a foreigner.

The following are the step-by-step instructions for obtaining trade licenses in Bangladesh for Trade Businesses:

First, the “K” Form must be obtained from the Dhaka City Corporation (DCC) in order to comprehend the procedure for obtaining trade licenses in Bangladesh Commercial or Corporate entities or enterprises. Ten zoning offices utilize the K form, which can be obtained from the respective zoning office based on its location. The initials and official seal of the officer selling the form distinguish it from those of other localities. The form costs as little as Tk. 10.
Step 1 | Obtain the correct form from the Dhaka City Corporation. (Obtain the K form from the respective zonal office)
Step 2 | Complete the “K” Application for a Business License.
Step 3 | Organize the required document copies.
Step 4 | Submit the completed application form and supporting documentation to the appropriate office.
Step 5 | The Licensing Supervisor verifies the application and supporting documents.
Step 6 | Deposit the required fees with the appropriate office.
Step 7 | If the concerned authority is satisfied with the verification, it will issue the applicant a Trade License Certificate.
Step 8 | Collection of a Certificate of Trade License from the City Corporation or Municipal Corporation. The license book must be collected by Tk 50, and the application must be accompanied by supporting documents.
Step 9| Payment for the signboard fee is the ninth step. (must charge thirty percent of the license fee for all businesses)

Documents Required to Obtain a Trade License in Bangladesh for Commercial Entities

Three copies of the owner’s passport-sized photo.
A national identification card
A rent receipt or evidence of property ownership
A Receipt for Holding Tax Payment
A company’s Certificate of Incorporation
A certificate of registration for VAT.
Declaration on non-judicial stamp to comply with City Corporation/Municipality/Union Parishad regulations.
A copy of the company’s Financial/Bank Solvency Certificate.
Tax Exemption Certificate (TIN)
An agreement to form a partnership
Bangladesh Investment Development Authority (BIDA) Work Permit

Copy of the director’s passport if he or she is a foreigner.

The following are the step-by-step instructions for obtaining trade licenses in Bangladesh for Manufacturing Businesses:

Form “I” must be obtained from the Dhaka City Corporation (DCC) zonal office, where the application must be submitted, in order to comprehend the procedure for obtaining Trade Licenses in Bangladesh for Manufacturing entities.
Step 1 | Collect the “I” form from the DCC’s Zonal Office.
Step 2 | Organize the supporting document copies.
Step 3 | Once the application has been completed, it must be submitted for approval to the local ward commissioner.
Step 4 | Then, the Licensing Supervisor will visit the business to verify the information provided.
Step 5 | After the Licensing supervisor has conducted the verification, A predetermined fee shall be paid which depends on the class under which the application was made.
Payment for the signboard fee is the sixth step. (must charge thirty percent of the license fee for all businesses)
Step 7 | Obtain a Certificate of Business License from the City Corporation.

Documents Required to Obtain a Trade License for a Manufacturing Company

Three copies of the owner’s passport-sized photo.
Rent receipt or evidence of property ownership.
A certificate of no objection (NOC) from the neighborhood.
A written promise on non-judicial paper with a Tk 150 stamp.
The local fire department’s fire license and the Department of Energy’s environmental certification.
A Receipt for Holding Tax Payment
A company’s Certificate of Incorporation
A certified copy of the company’s Articles of Incorporation and Memorandum of Association
A certificate of registration for VAT.
Declaration on non-judicial stamp to comply with City Corporation/Municipality/Union Parishad regulations
Copy of the company’s Financial/Bank Solvency Certificate
Tax Exemption Certificate (TIN)
A Contract of Partnership
Work Permit issued by the Bangladesh Investment Development Authority (BIDA).
Copy of the director’s passport if he or she is a foreigner.

Procedure for Obtaining Commercial Licenses in Bangladesh

Dhaka North and Dhaka South provide distinct application forms for businesses based on their location. For example, if the business entity is located in Dhaka South Zone, then the application form shall be collected from the South zone office.
Moreover, depending on the type of business, Dhaka City Corporation offers two types of trade license forms. The process and document requirements for obtaining a Trade License for manufacturing and commercial businesses may vary slightly.

For establishing a commercial enterprise, the K-Form must be collected, whereas the “I” Form is used for manufacturing enterprises. In addition to other documents, a commercial business must provide a rent receipt for the location where the business operates and a municipal tax payment receipt, whereas manufacturing businesses are exempt from this requirement.

In addition, manufacturing companies are required to provide NOC, fire, and environmental licenses as supporting documents, whereas commercial businesses are exempt from such requirements. In addition, the Licensing Supervisor conducts a verification visit to the Manufacturing business, which is optional for corporations.

How TAHMIDUR RAHMAN REMURA WAHID Can Help You Acquire Business Licenses in Bangladesh

The following services are available from TAHMIDUR RAHMAN REMURA WAHID Associates in order to obtain a Trade License in Bangladesh:

TAHMIDUR RAHMAN REMURA WAHID has an exceptional and capable team that can efficiently obtain a Trade License. To register for a Trade License, the legal advisors of TAHMIDUR RAHMAN REMURA WAHID can assist clients through consultations and meetings, in addition to requesting the necessary documents (NID, Incorporation certificate, photographs, MOA/AOA, etc.). Depending on the sort of Company or Establishment, various application documents are collected.
As the procedure for obtaining a trade license for commercial and manufacturing businesses may vary slightly, the legal team of TAHMIDUR RAHMAN REMURA WAHID can assist the client by submitting a trade license application to the appropriate office with the necessary supporting documents.
Legal professionals in TAHMIDUR RAHMAN REMURA WAHID can prepare, acquire, and draft the necessary documentation to obtain a Trade License. The executed documents are then shared with the clients. After consumers execute the documents, they are returned to TAHMIDUR RAHMAN REMURA WAHID along with the other necessary documents.
TAHMIDUR RAHMAN REMURA WAHID completes the application by submitting the application form and all required documentation. Additionally, TAHMIDUR RAHMAN REMURA WAHID pays the required government fees to the relevant authority and coordinates with them to obtain the certified copy of the Trade License.
TAHMIDUR R. R. WAHID A, legal professionals have excellent working relationships with government agencies, such as BIDA and RJSC, making it simpler to obtain any certificate.
TAHMIDUR RAHMAN REMURA WAHID also offers services to renew a license if it expires, by taking the necessary steps at the appropriate time.