Trade License
What is Trade License ?
Trade license was introduced in Bangladesh through City Corporation Tax Provision – 1973. These licenses are issued on the basis of the application of the entrepreneurs. The first and integral document of business is the trade license. There are many successful entrepreneurs/businessmen in our country who are doing business without a trade license but it is completely illegal and against the law. So, the first steps for entrepreneurs/businessmen to get a trade license from the competent authority.
Trade means business and license means permission, that is, trade license means business license. This trade license is issued by the Government of Bangladesh under the City Corporation Taxation Rules, 1983. Since this trade license is issued from a government organization, this trade license is a symbol of the legitimacy of your business. Trade Licenses in Bangladesh are found in the Local Government (City Corporation) Act 2009 and Municipal Taxation Rules, 1986.
Documents Required for Trade License Registration
Trade license fees are determined based on the type of business. You will need some documents when you go for Trade License registration. The documents that will be required are-
- National Identity Card
- Photo
- Mobile number
- Business Card