A Trade License is a mandatory registration required to legally start and operate business activities. It is issued by the State Government and is typically valid for one year, with the option for annual renewal. The license is specific to the trade or business activity for which it is obtained and does not confer ownership rights.
There are various categories of Trade Licenses, including:
1. Industry License
2. Shop License
3. Food Establishment License
This licensing system ensures businesses comply with local regulations and operate within the legal framework.
Ensures the business operates within the framework of state regulations, avoiding legal issues and penalties.
A registered trade license enhances the business's credibility and fosters trust among customers, suppliers, and authorities.
Provides legal authorization to carry out specific trade or business activities without interruptions.
Ensures adherence to safety standards, creating a secure environment for employees and customers.
PAN and Aadhaar card of the applicant.
Passport size photograph of the applicant is required.
The photos of the respective Directors , shareholders and designated authorities should submit for the clarification and proof of the concerned person.
Address proof of the business premises along with No objection certificate from the owner.
Sworn Affidavit declaring the nature of trade and where the trade is to function in Rs.20/- non-judicial stamp paper attested by a Notary Public.
Our team of experts would guide you with the set of other documents based on the nature of the business.
The applicant must be 18 years or more for applying trade license.
It will generally take 8-10 days to complete the process.
The documents are to be uploaded in the website www.chennaicorporation.gov.in
Every person engaged in trading activities are required to register.
Yes, with the supporting evidence we can claim for damages.For further queries contact Taxteam.
Yes , it can be renewed even after the expiry of time period. For further queries contact our Taxteam.