Trade License Service in Kolkata- Overview

• Applicants should be above 18 years of age.
• Should be doing a business activity that is legally permissible.
• Should not have any criminal records.

1. Raise Credibility

We know that a trade license is mandatory for all businesses generating revenue through their product and services. Such a license gives an assurance to the customers that the organization is abiding by the laws and is practising proper business ethics. This increases the credibility and visibility of the business entity which attracts the trust of consumers.

2. Better exposure to financial support

The trade license ensures better exposure to secure funds from financial institutions, banks etc without many constraints. A trade license can act as a substantial gateway that ensures the seamless inflow of financial aid which promotes the growth and development of the enterprise.

3. Enhance Goodwill in the market

Acquiring a trade license increases the goodwill of the business entity as people will recognise it as a law-abiding business unit. This implies that the business or person having a trade license has permission from the authority to carry on such trade or profession. This will enable them to achieve the trust of customers. This would further help them secure a firm foothold in the market in the long run.

4. Further investments

Authenticity and credibility are very vital for any business. By acquiring a trade license, a business can secure significant investments from outside entities for additional funds to reap fiscal benefits.

5. Ensure less confrontation with legal affairs

Business entities that ensure 100% conformity with compliances are less likely to face any troubles in terms of compliance adherence. Bur for those businesses not having a trade license can end up paying fine or even closing down of the business.

6. Encourages ethical practices

Every business that holds a trade license is under the obligation to apply ethical business practices. The organization that indulges in unfair practices such as exploitation of workers, avoiding tax liabilities, generating misleading invoices, and causing any sort of environmental pollution like disposing of waste in water, the release of pollutants air, is more likely to get penalized by the concerned authorities.

The documents required for Trade License Registration are as follows:

• Address proof and PAN of Directors / Partners/Owner of the Business
• Address Proof of Business
• Certificate of Incorporation and PAN card of the business
• Bank Statement / Cancelled Cheque of the Entity (latest)
• GST Registration Certificate (optional)
• Memorandum and Articles of Association; Declaration in Form No. 32; Form No. 18; Proof of occupancy (in case of companies)

Following is the online trade license registration process.

Step 1: Visit the official website of KMC

Step 2: Click on New Application under Trade License

Step 3: The application form will pop up on the screen

Step 4: Fill in the form correctly with required details

Step 5: Select the nature of business

Step 6: After that, you have to attach the required documents

Step 7: Then submit the form online and pay fees

Step 9: Authority will then conduct an inspection of the business premise

The Certificate of Enlistment is issued by the respective authority only after satisfactory verification of all the information.

The fees vary depending on the nature of the business.