Trade License

The criteria for obtaining a Trade License may vary depending on local municipal rules, but the general requirements include:

• Business Nature: The applicant must clearly define the nature of the business.
• Business Location: The premises should comply with zoning regulations and be suitable for the intended trade.
• Age: The applicant must be at least 18 years old.
• Compliance: The applicant must not have any criminal record.
• Documentation: Necessary documents typically include identity proof, address proof, proof of business premises (rental agreement or ownership documents), and supporting certifications (if applicable).
• Fees: Payment of the prescribed application fee is required during submission.

Importance of a Trade License for Self-Employed Individuals
For self-employed individuals, a Trade License is crucial for establishing credibility, gaining legal recognition, and building trust among customers. It ensures your operations are lawful, safeguards against penalties for non-compliance, and provides the foundation for accessing additional benefits like bank loans, business insurance, and government schemes.