What are the three main licenses and the difference between them?
While applying for a license the nature of the business activity plays an important role. The business activity defines which license needs to be undertaken, below are the three main categories of licenses that are issued:
1. Commercial License – Issued to a business that may engage in trading activity and/or general trading.
2. Industrial License – Issued to a business that may engage in manufacturing, production and/or industrial activities.
3. Professional License – Issued to service providers, professionals- such as medical practitioners, teachers, artisans, craftsmen and so on.
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