Online Trade License Registration

Looking to start a new venture? Have you ever heard of trading licenses? If you don’t want to stay out of trouble, you certainly need to! A Trade License acts as a government certificate of authentication that an individual or organization has the right to initiate a business venture. Such a document is necessary in order to start any business in India and is an attempt to standardize and legalize the country’s trade. This license assists the government in maintaining checks and balances on vendor activities in India and ensures that companies follow such rules and regulations.

A trade license is necessary for any company that performs business or commercial needs. A trade license shall only be valid for one year.

Who can apply for a trade license:

Except for those who: Are under 18 & Those having criminal records against them.

Different types of trade license:

There are three types of trade licenses that a company or individual can apply for based on the type of trade or business they carry out.

Shop License

This license is needed for anyone who wants to open a shop. The shop can be of any retail type.

Industrial License

This type of license is needed for any company that wants to open a small or mid-sized industrial unit.

Food Establishment License

Any establishment that plans on getting into the food and beverage industry needs this license. The license applies to restaurants, cafes, meat shops, bakeries and vegetable shops.

Documents Required:

When applying for a trade license, one needs to show the following documents:

• Form 353 duly filled
• A letter of consent from the owner or neighbor
• The city survey map of your property
• Tax receipts
• A blueprint of the premises in case the business deals with explosives, timber, and dangerous goods.
• Other documents that the Ward Officer may demand at the time of registration.

Procedure for Trade Registration

Once the trade license type is finalized, it is necessary to fill in Form 353 with all the necessary details. All of the above documents must be sent to the local municipality of the area’s ward office.

If more information is required the authorities can request additional details after the application is submitted. If all of the descriptions are considered appropriate, the license will be given for trade. The trade license is valid for one year, and the acquisition of one takes around 2–3 weeks. It will be sent via courier.