Starting a business in Bangladesh requires a number of legal steps, including obtaining a trade license and registering your business with the government. The process for obtaining a trade license and registering a business can be complex and time-consuming, so it is important to understand the requirements and to follow the proper procedures.

Trade License

A trade license is a permit that is issued by the local government to allow a business to operate in a particular area. The trade license application process varies depending on the location of the business, but the following documents are typically required:

• Business registration certificate
• Proof of ownership of the business premises
• Proof of identity of the business owner
• Proof of residency of the business owner
• **A recent photograph of the business owner
• **A fee

Business Registration

Business registration is the process of officially filing your business with the government. This process allows the government to track your business and to collect taxes on your income. To register your business, you will need to file the following documents with the Registrar of Joint Stock Companies and Firms (RJSC):

• Memorandum of Association (MOA)
• Articles of Association (AOA)
• Incumbency Certificate
• **A fee

MOA and AOA

The MOA and AOA are the governing documents of your business. The MOA sets out the purpose of your business, the names of the shareholders, and the number of shares that each shareholder owns. The AOA sets out the rules and regulations of your business, such as how decisions are made and how disputes are resolved.

Incumbency Certificate

The Incumbency Certificate is a document that lists the names and contact information of the current directors and officers of your business.

Fees

The fees for obtaining a trade license and registering a business vary depending on the type of business and the location of the business. The fees can be paid in cash or by check.

Once you have obtained a trade license and registered your business, you will be able to legally operate your business in Bangladesh.

Benefits of Trade License and Business Registration

There are a number of benefits to obtaining a trade license and registering your business, including:

• Legal protection: A trade license and business registration provides legal protection for your business. It shows that your business is legitimate and that you are operating in accordance with the law.
• Access to government benefits: A trade license and business registration can give you access to government benefits, such as tax breaks and loans.
• Credibility with customers and suppliers: A trade license and business registration can give you credibility with customers and suppliers. It shows that you are a legitimate business and that you are committed to operating your business in a responsible manner.

Conclusion

Obtaining a trade license and registering your business is an important step in starting a business in Bangladesh. The process can be complex and time-consuming, but it is important to follow the proper procedures to ensure that your business is legally protected and that you have access to government benefits and credibility with customers and suppliers.

If you are considering starting a business in Bangladesh, it is important to speak to an experienced lawyer as soon as possible. A lawyer can help you understand the law, protect your rights, and navigate the process of obtaining a trade license and registering your business.