Extend trade licence tenure to five years: MCCI

The government should make the process of getting trade licence easy and extend its tenure to five years, the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) said today.

Every business needs to take several licences and the process of getting licence and its renewal is a complex task for the entrepreneurs, it said.

"There is no binding to renew a trade licence every year anywhere in the world. So, we urge the government to extend the time for the renewal to five years," said MCCI President Md Saiful Islam.

In the rural areas, the process of getting a trade licence or renewing it becomes a nightmare, he said while talking to journalists at a programme at his Motijheel office.

For the ease of doing business, the government can issue all the licences for five years, he said adding, the government can continue inspection and can cancel the licence anytime in case of non-compliance.

But the licensing process should be made easy and business-friendly, he added.