Trade license consultant in Dhaka

A trade license is essential for businesses in Bangladesh to operate legally. It shows credibility and compliance with local laws. However, the process can feel overwhelming due to paperwork and regulations.

That’s where Ziva DRA steps in. We simplify the process, ensure timely approvals, and provide hassle-free service.

Overview of a Trade License

A trade license is an official permit required for businesses to operate legally in Bangladesh. It ensures businesses comply with local regulations and helps maintain public safety. The city corporations, including Dhaka North and South, govern the regulatory framework for trade licenses.

There are three main types of trade licenses:

• Individual License: For businesses owned and operated by a single person.

• Partnership License: For businesses managed by two or more partners.

• Company License: For businesses registered as corporations or limited liability companies.

Importance of a Trade License

Having a trade license is vital for staying compliant with the law, preventing legal penalties, and avoiding business shutdowns. Also, it boosts your business’s credibility, which helps build trust with clients and partners.

Moreover, a trade license is often required to open a business bank account, apply for loans, or obtain other necessary permits. Without it, your business could face delays or difficulties accessing vital services.

The Procedure for Obtaining a Trade License

Getting a trade license involves several steps. Here’s a simple guide:

Collect the Application Form

Visit your local city corporation office (such as Dhaka North or South) to get the trade license application form. You can also check their website for availability.

Get Certification from the Local Ward Commissioner

Submit your application to the local Ward Commissioner for verification and certification. This step confirms your business’s legitimacy.

Collect the License Book

After certification, collect the license book by paying BDT 50. This book records your trade license details.

Prepare Necessary Documents

Gather the required documents, which include:

• A copy of your National ID Card.

• Proof of your business address (utility bills, lease agreement, or ownership documents).

• TIN Certificate.

• VAT Registration Certificate.

• Passport-size photographs.

• Other documents as needed per trade license type, etc.

Submit Application with Documents

Submit the completed application form and required documents to the city corporation office. Ensure everything is accurate to avoid delays.

Pay the Fee and Wait for Approval

Pay the applicable fee based on your business type and size. Typically, fees range from BDT 100 to BDT 40,000. The costs depend on factors like:

• Type of Business: Sole proprietorships usually pay less than companies.

• Business Size and Location: Larger businesses or prime locations may incur higher fees.

Signboard Fee

A signboard fee, which is 30% of the trade license fee, is required if you display a signboard for your business. The fee varies based on the signboard’s size and type, and it must be paid alongside the license fee.

Obtain the Trade License

Once approved, you will receive your trade license. The process generally takes 5-10 working days, depending on the workload and accuracy of your submission.

Renewal of Trade Licenses

Trade licenses must be renewed annually to remain valid. Renewing on time avoids penalties and keeps your business compliant.

Steps for Renewal

• Pick Up the Demand Bill: Collect the demand bill from your license book, which remains valid for five years.

• Pay the Fee: Visit the designated bank to pay the renewal fee mentioned in the demand bill.

Documents Needed

• Original trade license book.

• Challan book.

• Updated TIN and VAT certificates, if applicable.

Failure to Renew

Missing the deadline can result in late fees, temporary suspension, or legal action. Moreover, operating without a valid license can damage your reputation and disrupt business operations. That’s why renewing on time ensures uninterrupted operations and compliance for your business.

How Ziva DRA Simplifies the Process

Choosing Ziva DRA means you’ll benefit from a hassle-free experience. Our services are designed to save you time and effort while ensuring accuracy and compliance.

Personalized Consultancy Services

We understand every business is unique. That’s why we offer professional and expert advice to meet your specific needs. Our consultants evaluate your requirements before providing clear guidance throughout the process.

End-to-End Support

From listening to your needs and filling out your application to securing approval, we handle everything. We also manage follow-ups with authorities to prevent delays. On top of that, we make sure your trade license is renewed on time, to keep your business fully compliant.

Expertise in Regulatory Compliance

Navigating Dhaka’s complex regulatory system can be tricky. Our team has in-depth knowledge of local and national trade license regulations. That way, we streamline the process, minimize errors, and avoid unnecessary obstacles.

Why Ziva DRA is Your Trusted Partner

Choosing Ziva DRA means choosing ease and efficiency. With our expert-level consultancy, we simplify complex regulations. Besides, our client-friendly service focuses on your needs and provides you clear communication and timely updates. Plus, we offer cost-effective solutions, saving you time and money.

Ready to Trade Without Trouble?

A trade license is your ticket to legal and hassle-free business operations. But it is also true that navigating paperwork and taking care of the lengthy process isn’t fun. That’s where Ziva DRA shines!

We simplify the process while maintaining everything by the book. So, why stress? Consult Ziva DRA today and let us take care of the rest!

Trade License Fees in Dhaka

Fees vary based on the business type, size, and location. Here’s an approximate fee structure:

Note: Fees may change based on DSCC/DNCC guidelines, and consultants ensure accurate calculation during submission.

Frequently Asked Questions

How much time does it take for a trade license?

It generally takes 7–15 working days, the duration can vary depending on the type of business and the backlog of the city corporation.

Is it possible for a foreigner to obtain a trade license in Dhaka?

Yes, but they need to have a working business setup (like branch office or joint venture) and relevant local papers, in place.

Is it necessary to have physical verification?

The city corporation does send an inspector to inspect your business premises?”

What are the trade license consultants charges?

Fees vary from BDT 3000-15000 depending on your nature of business and the services required.

Can I apply online?

Yes, Zivadra via the DSCC or DNCC’s One-Stop Service Portal, but we strongly advise you to have professional consultant services for first-time applicants.