Trade License
Introduction
STEP 2:
STEP 3:
PROCESS STEPS:
STEP 4:
STEP 5: PAY PREDETERMINED FEE AND COLLECT TRADE LICENSE.
PROCESS STEPS:
Trade License is mandatory for every form of business entity
in Bangladesh. It is issued by the local government of the respective areas.
Every business entity must obtain Trade License from each local government
where it operates. If a business entity has more than one place of business, it
must obtain Trade License from each local government. It is issued for
one year and have to be renewed annually. Trade License attracts some
government fees, which usually depends on the types of business.
Below, we
have described the process of obtaining Trade License for businesses that
operate within Dhaka City Corporation area. Other local government have similar
rules.
You are advised to contact the respective local government for more information.
You are advised to contact the respective local government for more information.
TRADE LICENSE FOR A
COMMERCIAL FIRMPROCESS STEPS:
STEP 1:
PROCURE THE
PROPER FORM FROM THE PROPER OFFICE.
Dhaka
City Corporation (DCC) has two forms for a trade license depending on the type
of business. A commercial firm must use the “K” Form. Even though the ten zonal
offices use the same K Form, a business must buy the form from its respective
zonal office. A seal and the initials of the officer selling the form is what
distinguishes it from that of other zones. The form costs Tk. 10.
GET
CERTIFICATION FROM THE LOCAL WARD COMMISSIONER.
After the
form is completed it has to be submitted to the local ward commissioner for
validation.
COLLECT
LICENSE BOOK BY TK. 50 AND SUBMIT APPLICATION WITH SUPPORTING DOCUMENTATION TO
DCCS ZONAL OFFICE.
For the K
Form, a rent receipt for the premises where the business is operating from or,
if owned, the municipal tax payment receipt has to be provided. Supporting
documents include:
3 copies of PP size photo of owner. Rent receipt or premises ownership proof
Step 4:
Await enquiry by the Licensing Supervisor (LS).
Upon submission of the form, the LS usually goes to the business entity for a visit to verify the information provided.
3 copies of PP size photo of owner. Rent receipt or premises ownership proof
Step 4:
Await enquiry by the Licensing Supervisor (LS).
Upon submission of the form, the LS usually goes to the business entity for a visit to verify the information provided.
STEP 5: PAY
PREDETERMINED FEE AND COLLECT TRADE LICENSE.
After
inspection by the LS is concluded, the business is asked to go to the DCC
office to pay the predetermined fee and collect their trade license. The fee
schedule depends on the business category under which the application was filed.
STEP 6: SIGNBOARD FEE
When
collecting the trade license, a signboard fee has to be paid as well. For all
types of business the signboard fees will payable 30% of the License fee.
TRADE LICENSE FOR A MANUFACTURING
FIRM
PROCESS STEPS:
STEP 1:PROCURE THE
PROPER FORM FROM THE PROPER OFFICE.
The “I”
Form will have to be purchased for Tk. 10 from the DCC zonal office where the
manufacturing firm has to submit its application.The completed
form has to be validated by the local ward commissioner. STEP 2:
GET
CERTIFICATION:
Get the certification from local ward commissioner.
STEP 3:SUBMIT
APPLICATION WITH SUPPORTING DOCUMENTATION.
Supporting
documents include:
- · 3 copies of PP size photo of owner
- · Rent receipt or premises ownership proof
- · No objection certificate from the neighborhood
- · A written undertaking on a Tk 150 non-judicial stamped paper
- · Fire License from the local fire department Environmental Certificate from DOE
AWAIT ENQUIRY
BY THE LICENSING SUPERVISOR (LS).
Upon
submission of the form, the LS usually goes to the business entity for a visit
to verify the information provided.
STEP 5: PAY PREDETERMINED FEE AND COLLECT TRADE LICENSE.
After
inspection by the LS is concluded, the business is asked to go to the DCC
office to pay the predetermined fee and collect their trade license. The fee
schedule depends on the business category under which the application was filed.
STEP 6: SIGNBOARD FEE
RENEWAL OF TRADE LICENSE
RENEWAL OF TRADE LICENSE
When
collecting the trade license, a signboard fee has to be paid as well. For all
types of business the signboard fees will payable 30% of the License fee.
The
renewal process is comparatively routine and no inspection is required. When
the trade license comes up for renewal the business has to go the LS.
PROCESS STEPS:
STEP 1: PICK-UP DEMAND
BILL FROM THE LICENSE BOOK (THIS BOOK IS VALID FOR FIVE YEARS)
Upon
checking the expiring trade license, the LS fills in the particulars in a
demand bill and gives the booklet to the business. The demand bill is a four
page booklet similar to a bank deposit slip. The same information is filled
into all the pages: one page is for the bank and one is for the business.
STEP 2: PAY
RELEVANT FEE AT DESIGNATED BANK
Deposit
designated bank through demand bill and it will automatically renew the
license.
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