How to obtain E-Trade License in Bangladesh?
Trade license is issued by 2 city corporations in Dhaka, North, and South City Corporation. Application process of trade license in North City Corporation is still in manual system. But DNCC will be digitalized soon as South City Corporation is already been applied digitalization. In district cities, trade license application procedure is manual system and local council, and city corporation offices provide license book. Without having trade license on one is permissible to do business in Bangladesh, legally. Trade License obtaining is must for Limited Liability Company, Proprietorship and Partnership businesses. Although, foreign shareholders are not permissible to do proprietorship and partnership business by law. There are regional offices of city corporations situated in Dhaka where application is submitted with supporting documents and license is provided.
The process of trade license application
There is a prescribe form must fill up and sign by applicant if you are inside of Dhaka North City Corporation. E-Trade License application must submit by online if your business address is in South City Corporation. Necessary information must fill up as: –
- Business Name
- Name of applicant
- Parents name
- Business address
- Present address (applicant)
- Permanent address (applicant)
- National ID Number
- Nature of business
- Tentative date of commence of business
- Investment capital
- Shop/ office is rent/ own
- Office is situated on government land/ private land
- Shop/ office at the floor of 1st, 2nd, 3rd, 4th etc.
- Contact number of the applicant
- Signature of the applicant
Documents are enclosed with application:
- 3 copies color picture of owner/ director
- No Objection Certificate (for new enterprise)
- Certified copy in case of limited company (MoA, AoA)
- Tenancy agreement
- Holding tax payment receipt (if necessary)
- Fire license and factory setup license in case of industry
- National ID copy
In case of online application must sign up and fill up necessary information and submit to city corporation office. The form must submit to the officer in charge of issuance trade license or his/ her assistant without broker.
Fees of trade license
Tarde License fee vary upon nature of business. There is a fixed fee imposed by government and 15% VAT additional must count while applying. Further information, unless pay speed money application will be proceeded slowly. Expected fees of trade license start from Taka 7000 to Taka 12000.
Renewal of trade license in Bd
Tarde license must renew every year by the month of June to avoid penalty of Taka 200 for delay of every month consequently.
If trade license is lost
In case of loosing trade license must apply to police station (General Diary) and a copy of GD submit to City Corporation with application.
Ownership changing of trade license
In terms of changing ownership must submit supporting papers and application of changing same. Your update information will be written in a blank page of trade license about new ownership.
Frequent Ask Questions
Only one. Yes, one person is required to form sole proprietorship business.
You can apply by manual in North City Corporation and online in South City Corporation.
Yes, you need to rent office in commercial building as law.
5-7 working days unless any issue is raised.
No, you are not permitted by law to do business without having trade license.