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LICENCE APPROVALS

A  trader  must  obtain  Licence  Approvals  for  regulated  goods  before  he/she  can  import  or export these goods. The Licence Approval gives the trader the right to import or export goods for a certain period of time and/or for a certain quota.

PERMIT APPROVALS

A trader must obtain Permit Approvals before he/she can import or export certain classes of goods. The application must be made before the import or export of the good(s).

The same Permit or Licence can be used for multiple shipments as long as it is still valid and the approved quota is not exceeded.

 

Traders Licence

A trader’s licence is a licence that allows traders to conduct trade legally.  It is paid annually and expires on the 31st of December each year irrespective of the month it was issued.  The payment of a trader’s licence depends on the value of the present stock value.  The breakdown is as follows:

Stock valued at less than $1,000.00                                     -    $20.00
Stock valued at more than $1,000.00 - $10,000.00             -    $50.00
Stock valued at more than $10,000.00 - $100,000.00         -    $100.00
Stock valued at more than $100,000.00 - $1,000,000.00    -    $250.00
Stock valued at more than $1,000,000.00                            - $1,000.00

A credit voucher will then be issued by a consumer affairs officer based on your present stock value.  The credit voucher is paid at the Treasury Department and the treasury receipt is returned to the Department of Trade.  Upon receiving the receipt the Department will issue the trader’s licence certificate which must be displayed at all times on the business premises in a conspicuous place, to be seen by a consumer affairs officer upon his or her visit.

Any person who carries on trade without a valid traders licence is guilty of an offence and is liable to:

(a)    A fine of two thousand five hundred dollars ($2,500.00) or
(b)    The confiscation of his goods on the premises

The Department of Trade is located on the 3rd Floor of the Administrative Centre. The department can be reached via telephone number (784) 4562442/(784)4561111 Ext 315/519 and e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..