trade-license

Trade License is the basic legal documents that a business is required to possess to carry out its business.  The trade license should be renewed annually, at the end of each financial year, which is July-June. The process and required documents for obtaining a Trade License is given below:

 

Required Documents Remarks
1. Application Form2 Original
2. National ID Card Usually a copy of the original duly attested by a First Class gazetted officer
3. Rent receipt and Rent Agreement (if the the office is rented) or ownership proof (if the office premises is owned)
4. Holding Tax payment receipt (Optional)
5. Recent passport size photo of the entrepreneur, usually the Managing Director/Chief Executive Officer or any other director Three (3) copies, duly attested by a First Class gazetted officer
6. In case of a company, Memorandum of Association and Articles of Association A copy of the original duly attested by a First Class gazetted officer
7. In case of a company, Certificate of Incorporation A copy of the original duly attested by a First Class gazetted officer
8. If foreign directors are involved, Work Permit from Board of Investment A copy of the original duly attested by a First Class gazetted officer in case of foreign investors/ nominated employees

Process Steps

Step 1 Applicant collects the prescribed Application Form from City Corporation/Municipality’s relevant Zonal office
Step 2 Applicant submits filled-in Application Form to the Taxation Officer along with supporting documents
Step 3 Applicant deposits scheduled fees at the City Corporation/ Municipality/ Union Parishad
Step 4 Obtains Trade License from City Corporation/Municipality/Union Parishad office
Official Time Limit Approximate Processing Time for Issuing the License
10-15 working days Time may vary

Fee Schedule:

Application Form BDT 10.00
Licensing Fee For Limited Company, License fee is determined on the basis of paid-up capital (information can be collected from the City Corporation/Municipality/Union Parishad office)

 

 

 

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