Trade License Fee in Bangladesh, the Updated fee is here. If you plan to do business in Bangladesh, you’ll need the blessing of local authorities in the form of a trade license.
This essential document permits you to operate legally within the country. Failure to obtain one could result in fines and legal troubles. Here’s all you need to know about the Trade License Fee in Bangladesh for 2024.
Trade License Fee in Bangladesh
A trade license is a legal permit issued by government agencies that authorizes a business establishment to operate legally.
In Bangladesh, this license is not just a legal requirement; it’s your business’s identity. Operating without it can lead to government prosecution and penalties.
The cost of a trade license in Bangladesh varies depending on the type of business.
Fees can range from Tk 100 to Tk 40,000, contingent on the business category or entity. The trade license category and fees for various business types are as follows:
Trade License Categories in Bangladesh:
- Commercial Trade License
- General Trade License
- Manufacturing Trade License
Examples of Trade License Fees:
- Hospital or Clinic: Private hospitals and clinics pay 40,000 BDT at the district level and 25,000 BDT at the upazila level.
- Residential Hotel and Restaurant: For a three-star hotel, it’s 20,000 BDT, and for a five-star establishment, it’s 50,000 BDT.
- Medicines and Drugs: 3,000 BDT within the municipal area and 1,500 BDT outside the municipal area.
- Travel Agencies: 10,000 BDT
- Limited Company: Producers and Distributors pay 4,500 BDT
All Trade License Fee in Bangladesh
There are various types of trade licenses.
If you want to know all types of trade license fees, then follow the pdf form below.
In the pdf form, you can get all kinds of trade license details fees. So, download the Trade License pdf form and learn about your trade license fee.
Trade License Application Process
To obtain a trade license, follow these steps:
If you are a municipality resident, apply at the mayor’s or councilor’s office of the municipality. For city corporation residents, apply at the mayor’s office, and for union council residents, apply at the chairman’s office.
- Collect a trade license application form from the respective office.
- Accurately complete the form and submit it along with the required documents.
- The Licensing Supervisor will inspect your business.
- Pay the prescribed fee for the trade license based on your business type.
- After a certain processing time, collect your trade license.
If you want to apply for a trade license, Please visit the Trade License Application step-by-step Process.
Required Documents for Trade License
The necessary documents for obtaining a trade license in Bangladesh include:
- Trade license application form.
- National ID card or Smart card of the business owner.
- Holding tax payment receipt.
- Recent passport-size photograph of the business owner.
- Declaration on non-judicial stamp paper to comply with rules and regulations of the City Corporation and Municipal Corporation.
- A certified document of Memorandum and Articles of Association.
- Tax Identification Number (TIN) Certificate.
- A copy of the certificate of incorporation.
- Partnership agreement.
- Bangladesh Investment Development Authority Work Permit.
- A certified document of the registered office lease agreement.
- Statement of Bank Solvency.
Additional documents may be required depending on the type of business:
- Approval from the Director General of the Department of Health for clinics or hospitals.
- Permission letter from the District Commissioner for printing houses, residential hotels, and restaurants.
- A map of your institution’s location.
- Fire Extinguisher Training Certificate.
- Copy of your drug license for medicine and drug establishments.
Trade License Fee in Bangladesh – FAQs
Here are some frequently asked questions and answers about Trade Licenes Fees in Bangladesh.
What is a trade license, and why is it important in Bangladesh?
A trade license is a legal permit issued by government authorities that grants permission for a business to operate legally in Bangladesh.
It’s not only a legal requirement but also represents the identity of your business. Operating without a trade license can result in legal consequences, fines, and penalties.
How much does a trade license cost in Bangladesh for different types of businesses?
The cost of a trade license in Bangladesh varies depending on the type of business. Fees can range from Tk 100 to Tk 40,000, depending on the business category or entity.
For example, private hospitals and clinics may pay 40,000 BDT at the district level and 25,000 BDT at the upazila level, while three-star hotels are charged 20,000 BDT and five-star hotels 50,000 BDT.
Are there different categories of trade licenses in Bangladesh?
Yes, there are different categories of trade licenses in Bangladesh, including Commercial Trade License, General Trade License, and Manufacturing Trade License. The specific category you need depends on the nature of your business.
Are trade license fees subject to change in Bangladesh?
Yes, trade license fees and regulations in Bangladesh can be subject to change, often influenced by the economic conditions of the country. Therefore, it’s essential to stay updated on any potential updates or modifications to the fee structure.
Where can I get more detailed information about trade licenses in Bangladesh?
For more detailed and specific information regarding trade licenses in Bangladesh, you can explore our other articles and consult with local authorities or relevant government agencies.
Final Thoughts
Understanding and complying with trade license fee regulations is crucial for entrepreneurs in Bangladesh. Keep in mind that the economic conditions of the country may lead to updates or changes in the fee structure.
This guide aims to provide you with a clear understanding of trade licenses and their associated fees, making it easier for you to navigate the process. For more detailed information, explore our other articles.
