If you wish to sell or cease your business there are some processes you need to consider.
Trade & Business Licences cannot be transferred from one Sole Trader to another person. Each person is required to submit their own T&B application.
In the case of Registered Companies, the Trade & Business Licence is not issued in the name of a person, but to the registered entity. Therefore the licence remains assigned to the Company even if Members or Shareholders change.
There are specific steps and documents required however whenever changes occur relating to shares or control of the Registered Company.
To cease a Trade & Business licence you would be required to provide the following:
For a Sole Trader
For a Registered Company
You may submit these documents either via email to email@example.com or deliver to the DCI business licensing counter located on the ground floor of the Government Administration Building.