Trade Licenses

A 貿易執照 is a means to govern certain businesses from a specified location. It is regulated to guarantee that the citizen is not harmed by a health hazard or a nuisance caused by the incorrect conduct of a trade. It is a method of ensuring that the way and location in which the business is conducted adhere to the necessary regulations, regulations, and safety requirements. The State government establishes the issue of a 貿易執照 in order to monitor and control trade inside a city. It is granted by the municipal corporation of the location of the company. A 貿易執照 is a permit to conduct a certain trade or business in the location for which it was issued.

Any unlicensed commerce is an offence that can result in a large fine and eventual punishment. If a trade licence is necessary in a specific location, company owners must apply for it as soon as possible. Before the activity can begin, an application must be submitted. However, some state governments provide you 15 to 3 months to apply for a commercial licence. Once obtained, a licence must be renewed on a yearly basis. Renewal applications must be submitted at least 30 days before the license’s expiration date. The procedure of obtaining a trade licence is frequently time-consuming and costly.

A trade licence is a licence or permit granted by a municipal corporation to conduct a certain business at a certain address. It guarantees that residents are not harmed by health hazards and annoyance caused by unethical trade practises.

Why 貿易執照?

To protect the general public from the health risks and nuisances that a trader or business may cause. A trade licence is a technique of regulating commerce and ensuring compliance with government-issued rules and safety requirements.

Commercial Premises

Only if the business is conducted in the permitted region may a Trade License be obtained. I.e. a Commercial, Local Commercial, Notified Commercial, Mixed Land Use, or Residential area with no more than 20 square metres of retail space on the ground level.

Objective of Trade License

The goal of a Trade License is to manage business sites by prohibiting people from operating certain sorts of enterprises from their homes in order to establish a distinct business environment and protect the localised environment.

Licensing Authority

Trade License(s) are granted by a municipal corporation’s authorised department in cooperation with other specialised departments such as the fire department, health department, and engineering department that have authority over the business.

Who Need Trade License?

A trade licence is necessary for each merchant who engages in general commerce within the geographical borders of any municipal entity. The type of trade licence varies by state and is determined by the nature of the firm.

State Wise Application

While some states make obtaining a trade licence necessary, others make it voluntary. The kind of licence and the licencing price can vary by state. Some states levy a monthly fee, while others levy a percentage of the turnover.