WHAT IS A TRADE LICENSE ?

If you are about to start a business, then you must need a trade license. Additionally, it is vital to carry out several legal activities which we will describe below. A trade license is a class of legal documents. In the same fashion, it gives rights to the holder. In Pakistan, trade license is imperative in various parts of the enterprise. With this in mind, corporates need the permit to:

Prescribe for credit and capital for the concern
Open a business account
Keep caliber when hiring employees

The license is valid for five years. Afterward, you will have to renew it. All companies whether sole proprietorshipprivate limitedpublic limitedpartnershiplimited liability, and one person shall have a trade license, before starting the business. Also, the small industries and shops are obliged to get a trade license to avail the exemptions by the government. </.p>

Spectrum Consultancy provides leading business consultation services throughout Pakistan. We offer all corporate and taxation services for all classes of business. From business startup for private limited, public limited, sole proprietorship, partnership, and one person to the tax filing, here you can find everything. You can set an appointment with our expert legal advisors if you need any type of consultation regarding the trade license and other services.

Must be remembered, trade license has its usefulness and preference. On the other hand, some businesses do not require it. Meanwhile, some initiatives cannot undertake their work without excess. If your business relates to services, manufacturing, and trade, then you must get it.

You should be above the age of 18. Also, you need to have a CNIC. There should be no criminal records. Plus, your business should be legal.

+ HOW TO GET A TRADE LICENSE ?

The license is valid for five years. Afterward, you will have to renew it. All companies whether sole proprietorshipprivate limitedpublic limitedpartnershiplimited liability, and one person shall have a trade license, before starting the business. Also, the small industries and shops are obliged to get a trade license to avail the exemptions by the government. </.p>

Spectrum Consultancy provides leading business consultation services throughout Pakistan. We offer all corporate and taxation services for all classes of business. From business startup for private limited, public limited, sole proprietorship, partnership, and one person to the tax filing, here you can find everything. You can set an appointment with our expert legal advisors if you need any type of consultation regarding the trade license and other services.

+ WHO NEEDS TO CLAIM A TRADE LICENSE ?

Must be remembered, trade license has its usefulness and preference. On the other hand, some businesses do not require it. Meanwhile, some initiatives cannot undertake their work without excess. If your business relates to services, manufacturing, and trade, then you must get it.

+ AM I ELIGIBLE FOR A TRADE LICENSE ?
You should be above the age of 18. Also, you need to have a CNIC. There should be no criminal records. Plus, your business should be legal.