Starting a business in Bangladesh? Whether you’re opening a cozy coffee shop or launching your digital startup, one document you must secure before getting started is a Trade License. It’s not just a formality it’s a legal requirement that validates your business in the eyes of the government.
What is a Trade License?
A Trade License is an official document issued by your local City Corporation or Municipality. It’s proof that your business complies with zoning laws, safety regulations, and local governance. Operating without it? You could face penalties, including fines or business closure.
Who Needs It?
Anyone running a business big or small needs a trade license. This includes:
- Retailers
- Service providers
- Factories
- Freelancers working from a fixed location
Eligibility Checklist
To apply, you’ll need:
- Be at least 18 years old
- Have a valid NID or passport
- Possess an e-TIN (electronic Tax Identification Number)
- Have legal ownership or rental documents of your business premises
Different businesses may need specific additional permits too. For example, restaurants often need hygiene certifications.
Application Steps
- Choose the right authority: Apply to your local City Corporation or Municipality.
- Fill out the application form: Include your business name, address, type, and owner details.
- Prepare your documents:
- Photocopy of your e-TIN certificate
- NID/passport
- Rental deed or property ownership documents
- Pay the license fee: This varies depending on your business type and size.
- Inspection: In most cases, officials will visit your business location to verify the setup.
Once approved, your license is usually valid for a year, after which it must be renewed.
Start the process early! Delays in paperwork or inspections can set back your launch plans. And remember, a valid trade license isn’t just a document—it’s a signal to customers and partners that your business plays by the rules.
📚 Reference: Read the original article on The Daily Observer
