How to get Trade License in Bangladesh:
Required formal permission for every business identity in Bangladesh from Dhaka City Corporation or Municipality’s relevant office (Union Parishad, Pouroshava, upozilla or Zilla Parishad) to establish a business. Operating a business without a trade license is illegal in Bangladesh. For successfully obtaining a trade license, the entrepreneur is required to use the appropriate form and apply through the relevant authority’s office. For instance, Dhaka City Corporation is divided into two parts, North and South. The applicant shall require choosing the correct form depending on the area where the business is located.
Required documents for obtaining a trade license are:
- Application Form from City Corporation/ Municipality’s/Union Parishad
- National ID card of the entrepreneur
- Holding Tax payment receipt
- Deed of Agreement (Office/Shop/Factory)
- Recent passport size photo of the entrepreneur
- Declaration on non-judicial stamp to abide by the rules and regulations of City Corporation/Municipality/Union Parishad
- Memorandum of Association and Articles of Association (For Private/Public Ltd Company)
- Certificate of Incorporation (For Private Ltd /Public Ltd / Partnership Company)
- Agreement of partnership (Only For Partnership Company)
- Form- 12 (For Private/Public Ltd Company)
- Work Permit from Board of Investment (For Foreign Company)
- Company TIN Certificate (For Private Ltd /Public Ltd / Partnership Company)
- Personal TIN Certificate (For Proprietorship)
Procedure
The applicant is required to obtain the designated Application Form from the City Corporation or relevant Municipality’s Office. Then, the applicant is required to submit a filled-in Application Form from the taxation officer together with prescribed supporting documents which will be inspected by the Licensing Supervisor. Upon payment of scheduled fees at the City Corporation or Municipality’s relevant office, the applicant shall receive the trade license provided that all the requirements are met.
Time Limit
Estimated Time of Processing 3-7 working days.
Government Fee
- License fee depending on the nature and type of business.
- For Limited Company, License fees is based on paid-up capital.
Renewal of Trade License
Trade Licenses are mandatory to be renewed annually. The documents required are the License Book which is provided at the time of issuance of the Trade License, challan Book, rent and receipt of ownership proof, and TIN Certificate.
Procedure for Renewal
The applicant is required to deposit the scheduled fees at the designated bank. Upon receiving the fee receipt, the City Corporation or Municipality’s relevant zonal office shall complete the renewal process if all the other requirements are met.
Time limit
Estimated Time of Processing 3-7 working days.
Government Fee
- License fee depending on the nature and type of business.
For a Limited Company, the License fee is determined based on paid-up capital.