Trade License
Trade license is mandatory for starting a business in India. It is an official document that grants permission to run a business in a specific area or location. The license ensures that the business follows safety standards and regulations, and does not engage in unethical practices.
A trade license is required for all businesses, including:
manufacturing industries, shops, food businesses, health care shops, hazardous businesses, marriage halls, and retail shops.
The license is issued by the Municipal Corporation of the area where the business is located. You can apply for a trade license online or offline.
Benefits of a trade license include:
Establishing credibility: A trade license helps build trust with suppliers and partners.
Facilitating negotiations: A trade license can help with rental and lease agreements, and lead to favorable rental terms.
Collaborating with other businesses: A trade license can help businesses form collaborations with other licensed entities.
