TRADE LICENSE

A trade license is a legal document issued by the municipal corporation or local authority that permits a business or individual to engage in a specific trade or business activity at a particular location. It is a regulatory requirement to ensure that businesses comply with local laws, health standards, and safety regulations.

  1. Mandatory Requirement:
    • In most jurisdictions, obtaining a trade license is a mandatory requirement for starting and operating a business. The specific rules and regulations governing trade licenses can vary based on the location and the type of business.
  2. Local Authority Issuance:
    • Trade licenses are typically issued by the local municipal corporation or the relevant local authority. The application process and requirements may vary from one municipality to another.
  3. Types of Businesses:
    • Different types of businesses, including shops, restaurants, manufacturing units, service providers, and others, may require a trade license. The specific businesses that require a trade license are often outlined in local municipal laws.