Obtain A Trade License In Bangladesh For Your Legal Business Entity

We have a strong and capable team that can expedite the process of acquiring a Trade License in Bangladesh. Our legal professionals have a solid working connection with government organizations such as BIDA (Bangladesh Investment Development Authority) and RJSC (Registrar of Joint Stock Companies), making any certificate easy to obtain.

Foreign companies need a trade license in Bangladesh to legally conduct business activities in the country. Obtaining a trade license ensures compliance with local regulations and demonstrates the company’s commitment to operating within the legal framework. OutsourcingBD can assist foreign companies in navigating the complexities of obtaining a trade license in Bangladesh by providing expert guidance on the application process, regulatory requirements, and necessary documentation. Our specialized services streamline the licensing procedure, saving time and ensuring smooth entry into the Bangladeshi market.

Here are the documents that are needed for a foreign entity to manage businesses in Bangladesh:

Trade License

Types of Trade Licenses a Company Can Get in Bangladesh

In Bangladesh, companies can obtain various types of trade licenses according to their specific business activities. That includes commercial, industrial, import-export, service, food, health, and professional licenses. These licenses cater to different sectors and are essential for regulatory compliance. Consulting local authorities or industry experts such as OutsourcingBD can be helpful for your foreign entity in terms of getting the trade license without any hassle. Let’s know about 3 trade license you can acquire in Bangladesh for business:

1. Manufacturing Trade License

Obtaining a manufacturing trade license is essential for companies to demonstrate adherence to industry standards and regulations, enabling them to conduct their manufacturing operations smoothly and within the legal framework.

2. General Business Trade License

General business trade licenses in Bangladesh are vital for companies engaged in a wide range of business activities, including trading, buying, and selling goods. These licenses serve as a fundamental requirement for businesses to operate legitimately.

3. Commercial Trade License

Commercial trade licenses are important for retailing, wholesaling, or distribution. In Bangladesh, obtaining a commercial trade license is essential for companies looking to engage in buying and selling goods as part of their operations.

For Obtaining Your Trade License In Bangladesh We Ready These 12 Documents

1. Application form.
2. 3 copies of passport-size photos of the owner.
3. A national ID card of the proprietor.
4. Occupying tax payment receipt.
5. A company incorporation certificate.
6. Proclamation of the non-judicial stamp to abide by rules & regulations of the city corporation and also parishad’s office.
7. Copy of the bank sufficiency certificate of the company.
8. Agreement of partnership.
9. Tax clearance certificate.
10. A certified copy of the memorandum and also articles of organization.
11. Work permission from Bangladesh Investment Development Authority(BIDA).
12. Copy of passport if the director is a foreigner.

Process Duration & Work Flow

Bangladesh Investment Development Authority’s timeline is 3-4 weeks upon submission of the license and other compliant procedures will take about 2 weeks. Normally a workflow permit is conferred to operate for three years which is then renewable for the therewith terms.

Why We Are Different From Others?

OutsourcingBD boasts a team of seasoned professionals with in-depth knowledge and experience in navigating the intricacies of obtaining trade licenses in Bangladesh. Our expertise allows us to provide effective guidance and support specific to the diverse licensing requirements in the country. We prioritize efficiency and timeliness in assisting businesses with acquiring trade licenses. Our streamlined processes and proactive approach ensure a swift and smooth licensing experience, saving our clients valuable time and resources. Unlike others, we understand that each business has unique needs and challenges when it comes to trade licensing. We offer customized solutions tailored to the specific industry, size, and requirements of our clients, ensuring a personalized approach to license acquisition.

Step-by-Step Process Of Acquiring Business License from BD For Foreign Company Entity

Step -1

Gather formal applications from the city corporation, municipal corporation, and union parishad.

Step-2

Submit the application form including corroborative documents to the anxious section.

Step-3

Arrange copies of the requisite documents and prepare them compliantly.

Step-4

Substantiation of the application and also corroboration by the licensing supervisor.

Step-5

Requisite fees to deposit at the anxious office with the help of our financial experts.

Step-6

When anxious authority is content after verification they shall issue a trade license certificate.

Step-7

Obtain trade license certificate from city corporation or union parishad’s office.

Conclusion

To know the whole process in detail you can contact our experts we are here to help.

Why Choose OutsourcingBD For Obtaining a Trade License In Bangladesh?

Our Service Helps to Make the Process Easy for Customers:

1. Regulatory Compliance Focus: Our commitment to staying abreast of evolving legal requirements ensures that clients operate within the bounds of the law during the licensing process.

2. Transparent Communication Practices: We maintain open lines of communication, providing regular updates and addressing queries promptly to keep clients informed throughout the licensing journey.

3. Tailored Approach: Our personalized solutions are designed to cater to the unique needs and challenges of each business, offering a bespoke experience for trade license acquisition.

4. Efficient Processes: By prioritizing efficiency and timeliness, we ensure a swift and smooth licensing experience, optimizing the acquisition process for our clients.

5. Trusted Partnership: With OutsourcingBD, businesses can rely on a trusted partner with a proven track record of successful outcomes in facilitating trade license acquisition in Bangladesh.

FAQs For Business Trade License In Bangladesh

What are the requirements for a trade license?

To obtain a trade license in Bangladesh, as well as you must be 18 years old or older. Basically it is not allow to have a criminal record . At last a lawyer needs to be capable of executing legal tasks, like submitting income and expense reports.

For online service providers of trade license in Bangladeshthat do not have a physical presence in Bangladesh, the GST registration process will require either a Clearance certificate issued by the Government of Bangladesh or a business license issued by the country from where they operate.

If the person does not meet the basic eligibility criteria, then all efforts to obtain a license would be in vain. To apply for a permission for trade license in Bangladesh, you must meet the following criteria:
1. The applicant must be at least 18 years old
2. An applicant should not have any criminal records
3. It must be legal to operate the business

The implications are that unjust trade practices as well as committing any activity harmful to the local community or people are controlled. The trade license in Bangladesh gives businesses the assurance that they can meet all the requirements of legal business, as well as pursue safety measures.

A trade license in Bangladesh must be renewed after a year of issuance. Moreover, they are renewed every year from January to March. An annual renewal of a trade permit is required.

Best Business Trade License Solution In Bangladesh