Trade License Renewal Rules, Timing and Penalty
What is usually needed for renewal
- Copy of the previous trade license or the license number
- Up-to-date holding tax receipt (where applicable)
- Relevant documents if there is any change in address/ownership/type of business
- Renewal fee, VAT and applicable source income tax
Fees, documents and timelines vary by City Corporation/Pourashava/Union and change from time to time — before applying, confirm with the relevant office or the official portal.
- Log in to the official portal or go to the zone/office.
- Select the renewal option using the license number.
- Update the information and provide the necessary documents.
- Pay the renewal fee and applicable taxes.
- Collect/download the renewed license.
FAQ
How long is a trade license valid?
Usually one fiscal year (July–June). It must be renewed every year; late renewal may incur a penalty/surcharge.
What happens if I renew late?
Renewing after the due time may incur a penalty or surcharge, and if not renewed for a long time, legal action may be taken.