Professional Consulting & Advisory Firm (Company Law & Tax)
Every business entity in Bangladesh requires a formal permission from Dhaka City Corporation or Municipality’s relevant office (Union Parishad, Pouroshava, upozilla or zillaparishad) to operate. This permission is given in the form of Trade License. In order to obtain a Trade License in Bangladesh the legal basis of this requirement is found in Dhaka City Corporation Ordinance, 1983 and Municipal Taxation Rules, 1986. Operating business without a trade license is illegal in Bangladesh. For successfully obtaining a trade license, the entrepreneur is required to use the appropriate form and apply through the relevant authority’s office. For instance, Dhaka City Corporation is divided into two parts, North and South. The applicant shall require choosing the correct form depending on the area where the business is located.
Application Form from Dhaka City Corporation (North Form) or (South Form)
National ID card of the entrepreneur and Work Permit from Board of Investment
Recent receipt or ownership proof and Holding Tax payment receipt
Statement of Bank Solvency and TIN Certificate
Recent passport size photo of the entrepreneur
Declaration on non-judicial stamp to abide by the rules & regulations of City Corporation /Municipality/Union Parishad
Memorandum of Association and Articles of Association
Certificate of Incorporation and Agreement of partnership
Applicant is required to obtain the designated Application Form from the City Corporation or relevant Municipality’s Office. Then, the applicant is required to submit filled-in Application Form from the taxation officer together with prescribed supporting documents which will be inspected by the Licensing Supervisor. Upon payment of scheduled fees at the City Corporation or Municipality’s relevant office, the applicant shall receive the trade license provided that all the requirements are met.
Estimated Processing Time for issuing the license is 3-4 working days, however, may vary depending on the nature of the and type of the business.
Trade Licenses are required to be renewed annually. The documents required are License Book which is provided at the time of issuance of Trade License, challan Book, rent and receipt of ownership proof and TIN Certificate.
The applicant is required to deposit the scheduled fees at the designated bank. Upon receiving the fee receipt, the City Corporation or Municipality’s relevant zonal office shall complete the renewal process if all the other requirements are met.
Estimated processing time for renewing the License is 1-2 working days, however, may vary depending on the nature and type of business.
The partnership deed and filled up Form I should be filed with RJSC. These documents will be reviewed by the officials of the RJSC. When the officials are satisfied with the points stated in the partnership deed, he shall record an entry of the statement in a register called the Register of Firms and issue a Certificate of Registration.