TRADE LICENSE FEE, PROCESS AND COST IN BANGLADESH TRADE LICENSE PROCESS AND COST IN BANGLADESH

In Bangladesh, receiving a trade license is the initial step of beginning a business.

Doing business in Bangladesh requires a formal authorization from Dhaka City Corporation or Municipality’s important office (Union Parishad, pouroshava, upozilla or zillaparishad) to work.

This authorization is given as Trade License. This writing talks about the trade license process and cost in Dhaka Bangladesh.

INTIAL STEPS:

To get a Trade License in Bangladesh the lawful premise of this prerequisite is being presented in Bangladesh under the City Corporation Taxation Rules 1983 and Municipal Taxation Rules 1986. It is issued when a business visionary is connected through the license form/structure. Working business without an exchange permit is unlawful in Bangladesh.

A business visionary must use the proper application format and submit an application to the relevant authority’s office in order to obtain a valid exchange permit. For example, Dhaka City Corporation is divided into north and south sections.

The candidate will be required to pick the right structure contingent upon the territory where the business is found.

One should begin by obtaining legal authorisation and a business license from the City Corporation or City Council of the relevant business zone. The expense of getting a business permit is BDT 2000.

PROCEDURE:

The procedure is supervised by the City Corporation or city committee in the location where the business is located. A permit is issued solely for the sake of the licensee and such permit is not transferable.

The licensee will not use the permit for anything other than the reason and nature of calling, trade, or calling for which it was issued. A renewed Trade License is given by the concerned staff of the zonal tax collection office.

An expense for exchange permit must be kept at any Bank as demonstrated on the Trade License form/structure.

The list of required archives for obtaining a trade license is as follows:

• Dhaka City Corporation Application Form (North Form) or (South Form)
• National identification card of the entrepreneur Recent receipt or proof of ownership
• Recent photograph of the entrepreneur in passport format Work permit from the Board of Investment Statement of bank solvency and TIN certificate.

ADDITIONAL DOCUMENTS REQUIRED FOR TRADE LICENSE:

• In the case of a standard Trade License, an attested copy of the rent receipt or rental agreement, as well as a copy of the Holding Tax payment receipt, are required.
• In the case of a Trade license for industries – Everything mentioned in serial number 1 plus the following:
• No objection notice on the adjacent Location Map
• Fire certificate copy
• Statement on non-judicial stamp of tk 150/to comply with DCC rules and regulations.
• In the case of a Clinic or Private Hospital, the Director General of Health must grant permission.
• In the case of a Limited Company: Articles of Association Certificate of Organization
• In the event that Printing Press and Residential Hotel Permission is Required from DC
• In the case of Recruitment Agencies, a license from the Manpower Man-power Export Bureau is required.
• In the event of Arms and Ammunition – Arms License Copy.
• In the case of drugs and narcotics, please provide a copy of your drug/narcotics license.
• In the case of Travailing Agency – Civil aviation authority approval.

PROCESSING TIME LIMIT:

Projection of Processing The license is typically issued within three to four business days; however, this may vary depending on the nature and type of business.

RESERVED ADMINISTRATION PAYMENT:

The fee for submission is BDT 10.00.

The license fee ranges from BDT 100.00 to BDT 40,000.00 depending on the nature and type of business.
License fees for Limited Companies are based on paid-up capital.

RECERTIFICATION OF BUSINESS (COMMERCIAL COMPANIES):

Licenses for conducting business must be renewed annually. The required documents are the License Book, which is issued upon issuance of a Trade License, the Challan Book, proof of rent and ownership, and the TIN Certificate.

The candidate is required to store the planned charges at the designated bank as part of the renewal strategy. If the various requirements are met, the relevant zonal office of the City Corporation or Municipality will complete the restoration process after receiving the charge receipt.

Obtaining a business license is the first step in starting a business. Working in Bangladesh necessitates a formal authorization from an important office of the Dhaka City Corporation or Municipality (Union Parishad, pouroshava, upozilla, or zillaparishad). This permission is granted as a Trade License. This text describes the procedure and cost for obtaining a commercial license in Dhaka, Bangladesh.

LEGAL STEPS:

Bangladesh’s City Corporation Taxation Rules 1983 and Municipal Taxation Rules 1986 stipulate the legal basis for this requirement in order to obtain a Trade License. It is issued when a business visionary is linked via the license structure/form. Working business without an exchange permit is unlawful in Bangladesh.

The business visionary must use the proper application format and submit an application to the relevant authority’s office in order to obtain a valid exchange permit. For example, Dhaka City Corporation is divided into north and south sections.

The candidate will be required to pick the right structure contingent upon the territory where the business is found. Begin by obtaining legal authorization and a business license from the City Corporation or City Council of the relevant business zone. The cost of obtaining a business license is BDT 2,000.

PROCEDURE:

The procedure is supervised by the City Corporation or city committee in the location where the business is located. A permit is issued solely for the licensee’s benefit and cannot be transferred.

The licensee will not use the permit for anything other than the reason and nature of calling, trade, or calling for which it was issued.

The concerned personnel of the zonal tax collection office issues a renewed Business License. A cost for exchange permit must be maintained at any bank, as indicated on the Trade License application/structure.

The list of required archives for obtaining a trade license is as follows:

Dhaka City Corporation Application Form (North Form) or (South Form)
National identification card of the entrepreneur Recent receipt or proof of ownership
Recent photograph of the entrepreneur in passport format Work permit from the Board of Investment Statement of bank solvency and TIN certificate.

ADDITIONAL DOCUMENTS REQUIRED FOR TRADE LICENSE:

In the case of a standard Trade License, an attested copy of the rent receipt or rental agreement, as well as a copy of the Holding Tax payment receipt, are required.

In the case of a Trade license for industries – Everything mentioned beforehand and the following:

• No objection notice on the adjacent Location Map
• Fire certificate copy
• Statement on non-judicial stamp of tk 150/to comply with DCC rules and regulations.
• In the case of a Clinic or Private Hospital, the Director General of Health must grant permission.
• In the case of a Limited Company: Articles of Association Certificate of Organization
• In the event that Printing Press and Residential Hotel Permission is Required from DC
• In the case of Recruitment Agencies, a license from the Manpower Man-power Export Bureau is required.
• In the event of Arms and Ammunition – Arms License Copy.
• In the case of drugs and narcotics, please provide a copy of your drug/narcotics license.
• In the case of Travailing Agency – Civil aviation authority approval.

PROCESSING TIME LIMIT:

Projection of Processing The license is typically issued within three to four business days; however, this may vary depending on the nature and type of business.

RESERVED ADMINISTRATION PAYMENT:

The fee for submission is BDT 10.00.
The license fee ranges from BDT 100.00 to BDT 40,000.00 depending on the nature and type of business.
License fees for Limited Companies are based on paid-up capital.

RECERTIFICATION OF BUSINESS (COMMERCIAL COMPANIES):

Licenses for conducting business must be renewed annually. The required documents are the License Book, which is issued upon issuance of a Trade License, the Challan Book, proof of rent and ownership, and the TIN Certificate.

The candidate is required to store the planned charges at the designated bank as part of the renewal strategy. If the various requirements are met, the relevant zonal office of the City Corporation or Municipality will complete the restoration process after receiving the charge receipt.

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Tahmidur Rahman Remura Wahid TRW Associates is a full-service law firm in Dhaka that provides all types of legal and financial services, including organization registration, obtaining the proper licenses, drafting contracts and notices, and providing annual compliances and litigation services.

Tahmidur Rahman Remura Wahid TRW Associates is comprised of competent Barristers and Advocates with expertise in multiple legal fields, allowing them to provide the required services to a high degree and allowing clients to acquire all necessary and supplementary legal services under one roof.

The Barristers, Advocates, and attorneys at Tahmidur Rahman Remura Wahid TRW in Mohakhali New DOHS, Dhaka, Bangladesh have extensive experience assisting clients with trade licensing matters. For questions or legal counsel, please contact us at:

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