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A new business should take care to obtain all necessary licenses from the relevant ministries. There are dozens of licenses specific to particular business activities, ranging from restaurants to solid waste management. It is the business owner’s responsibility to obtain the proper licenses, failure to do so can result in fines and even the closure of the business. For example, if you want to set up a restaurant business then you will first need to register the business then apply for a tourism license, a permit letter from the Ministry of Health, a permit letter from the Fire department plus maybe other licenses which are relevant to your business.
The cost of these licenses depends on how big the business is. There are many types of licenses and permits, so finding out what you need is important before opening your business. Businesses that are in the agricultural sector need special licenses and permits, and these licenses/permits will cost you thousands of dollars to obtain. Import and export licenses are especially needed for larger businesses, and along with the licenses you will need special permits in some cases. For example, importing and exporting medicines/drugs require a special license from the ministry of health and it can be very difficult to obtain and nearly impossible as a foreigner.
Importing and exporting garments need a special permit called the “Certificate of Origin” before you can export. Importing and exporting jewelry and silver require special permit letters.
At LBC, we have the experts who can offer you high level of consultation on Trademark Registration. Stay free of problems. Let us serve you with our utmost pleasure.