- START A BUSINESS
- MANDATORY REGISTRATION
- NEED BASED REGISTRATIONS & LICENSES
- INCOME TAX & GST
- TRADEMARK / PATENT
Trade license is a certificate or a document issued by the municipal corporation for the people who wish to start their own business or trade in a particular area or a location, this license allows a person to carry out business or trade operations within the local limits of a particular region. However, such a certificate does not provide any right of ownership over the property neither it allows to commence any other business or trade other than that for which the certificate has been issued. Trade licenses are issued in order to regulate the businesses in an effective manner and to ensure that the activities of the business do not cause any health-related hazard to anyone. Every state requires a business to issue such a certificate at least 30 days before the commencement of the business and the certificate must be renewed periodically once obtained.
The different types of trade licenses are shop licenses, industry licenses, and food and establishment licenses. The rules and regulations prescribe the eligibility criteria for trade license which states that the applicant must have attained the age of 18 years, the business or trade to be carried out must be legally permissible and the applicant must not have any criminal records. Throwing some light on the fee structure, it can be stated that these licenses are not for free, a certain amount of fee is required for a trade license, it can either be:
The trade license issued by the concerned authorities is valid for a period of one year and is required to be renewed annually. The application for the renewal of the license must be submitted within 30 days from the date of the expiry of the license. Although the application for trade license must be filed within 30 days from the commencement of the business, the processing time varies from place to another, i.e. in metro cities, it takes around 7-10 days while in other cities it can take longer than usual.
This whole idea of a trade license is to ensure that no illegal activity is carried out within the environment and maintaining a healthy environment. In case of non-registration of trade license or non- fulfillment of any prerequisites of trade license, the person in violation will be liable to pay the penalty, and the authorities are allowed to take legal action against him.
Valcus Pvt ltd ensures that all the registration proceedings are conducted with the observance of all the ethical standards along with professional expertise.
Fill our simple registration form
You need to fill your information and easy information in the registration form
Registration for Trade License
You need to provide all the related details for Registration of Trade license. It will take 10-12 days maximum
Submission of Documents
We at Valcus Pvt Ltd collect all the needed documents and application form and after that, we will submit the form along with the required documents.
The work gets completed
Once your Trade license registration approved, we will send you the certificate of trade license registration.
If a business a trade license then it will have higher credibility. Due to credibility in the market, the business will manage to attract investors and customers.
It will make sure that the business operation is functioning with require safety measures and legal compliance.
The trade license is necessary to legalize the business to make sure that clients are not negatively influenced by health issues and complications because of illegal operation of trade.
It safeguards the company owner from some extent of liability
The organization can smoothly run operation and pull towards finances from other business sources and investment institutions.
Business without trade license can get the penalty and fine by Government. Moreover, the government can ban the business and it will result in the shutdown of such organizations.