This page contains a guide to the existing investment proclamations and regulations. A proclamation to provide for lease holding of urban lands whereas, it is provided by article 40 of the constitution of the federal democratic republic of ethiopia that land is the property of the state and the peoples of ethiopia and that its use shall be subject to specific regulation by law. Managing director of premier human resource supply and investment consultants. The investment proclamation has come into effect as of 2 nd of april 2020. There are four categories in ethiopian investment law. Investment plans and programmes and watel rehoul ces development actlvlty ot any person, \hdll be based on the countrys water resources poiily, the. Ethiopian ministry of revenues mor is the body responsible for collecting revenue from customs duties and domestic taxes. Proclamation 1790 are spelled out, but domestic capital formation is underscored. Box 113 addis ababa, ethiopia in collaboration with. The objective behind the amendment under proclamation number 8492014 is said to be aimed at further facilitating and encouraging investments in ethiopia.
Ethiopia trade and investment priorities claudius preville. Shifts made by the new investment proclamation part i. The ethiopian government has formulated and started the implementation of the second five year growth and transformation plan gtp to carry forward the important strategic directions to maintaining a fast growing economy in all sectors. Ethiopia proclamation concerning rights of foreign nationals.
Fikadu asfaw and associates law office is a fullfledged corporate and commercial law firm in addis ababa, ethiopia with highly professional attorneys providing legal advice and services to clients throughout the surrounding areas of ethiopia as well as all around the world. Investment guide for ethiopia business environment investment policy investment areas incentivesguarantees taxation investment opportunities investment procedures addis ababa, ethiopia january 2004 published by. Current as of september 2019 download print version pdf this describes the legal framework of nonprofit organizations also known as nongovernmental organizations or ngos in ethiopia, along with translations of legislative provisions relevant for a foundation or advisor undertaking an equivalency determination of a foreign grantee under irs revenue procedure 9294. Nbe issues directive that allows the diaspora to buy. An investment guide to ethiopia import duty exemption on import of capital goods, construction materials, spare parts with a value up to 15% of the total value of capital goods 100% of total value. Investment plans and programmes and watel rehoul ces development actlvlty ot any person, \hdll be based on the countrys water resources poiily, the lelevant basn master plan studes dnd wale1 resources laws 3 the sipervlsng body shall ensure and admlnatel that the managment of any water resource is put to. Amendment the public servants pension proclamation no. It seizes and takes legal action on the people and vehicles involved in the act of smuggling while it facilitates the legitimate. It contains the full text of the laws and offers userfriendly tools for searching and filtering for selected provisions that are specifically relevant to foreign investors. The investment procedures in ethiopia are as laid out in the proclamations and regulations. Another large firm that runs substantial ethiopian operations is ayka addis, the ethiopian subsidiary of the turkish textile giant ayka textiles. Pdf determinants of foreign direct investment in ethiopia. The directive manner of equity investment by foreign nationals of ethiopian origin in banks directive number sbb7320202 allows. Before planning to invest in ethiopia and begin the investment procedure, it is.
Ethiopias primary law concerning foreign investment is the investment proclamation. Ethiopia amendment of the investment proclamation a new amendment has been made on the previous investment proclamation number 7692012. Federal negarit gazeta ethiopian chamber of commerce. The investment laws navigator is a comprehensive and regularly updated collection of national investment laws. Ethiopian investment law, house of peoples representatives, industrial zone, investment incentives, investment proclamation. This proclamation may be cited as the public \ servants pension amendment proclamation no. Republic of ethiopia, it is hereby proclaimed as follows. Federal negarit gazeta establishment proclamation resources. In addition to raising revenue, the mor is responsible to protect the society from adverse effects of smuggling. Nbe issues directive that allows the diaspora to buy shares.
An employee or official of the ethiopian postal services, acting on behalf of the ethiopian customs authority who administers this proclamation. For further information read ethiopian investment guide 2015 or visit vestethiopia. The new proclamation acknowledges the key role of a skilled and disciplined workforce to ethiopias industrialization efforts and improve its global competitiveness by expressly stating in its preamble the need to create a favourable environment for investment. In this proclamation, unless the context otherwise requires. List of proclamations and regulations enacted in the. Foreign investment and forex regulation in ethiopia. Prevention and suppression of terrorism crimes proclamation. These procedures have been taken out of investment proclamation no. Agriculture ethiopia is a conducive investment destination for commercial farming. Investment regulations no 270 of 2012 pdf click to download. Draft investment proclamation ethiopia ethiopian legal brief. Benchmarking indepth desk research on best practice. Investment procedures in ethiopia ethiopian business portal.
Short title this proclamation may be cited as the insurance business proclamation no. Investment recognizing that increasing the role of private sector investment in all sectors of the economy including in productive. Ethiopia proclamation on investment investment laws navigator. This page uses frames, but your browser doesnt support them. Proclamation no 1972000 ethiopian water resources management proclamation whereas, t has become necessary to issue a wlter resources management, protecrlon and urlaton. Ethiopia proclamation on investment investment laws. Defination of powers and duties of the executive organs of the fdre. Ethiopia investment policies and incentives and opportunities. Basic categories of insurances under ethiopian law. This proclamation may be cited as the investment amendment proclamation no. The revised export trade duty incentive scheme establishing proclamation no. Regulatory space in the treatment of foreign investment. Overview of economic, geographic, social, and political outlook. Investment regulations in ethiopia ethiopian business portal.
A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Ethiopian investment policy the ethiopian constitution and the investment law guarantee protection of private property and investment in addition, ethiopia is a signatory of 29 bilateral investment treaties and 6 multilateral investment agreements that stipulate. Identification card eligibility l 2 3 4 any person fulfilling the criteria set out under article l of this proclamation, shall have the right. Hate speech and disinformation prevention and suppression proclamation. The responsible organ for collecting the data on foreign direct investment fdi is the statistic and information technology service, which is part of ethiopian investment authority eia.
Establishment of the secretariat of the house of peoples representatives and of the house of the federation proclamation. A 2014 amendment to the investment proclamation restructured the existing regulatory investment body, the ethiopian investment agency eia under the ministry of industry, to a separate governmental body, the eic, with the ethiopian prime. List of proclamations and regulations enacted in the period. Ethiopia amendment of the investment proclamation fikadu. The ethiopian investment commission eic is an autonomous government institution responsible for promoting, coordinating and facilitating private investments in ethiopia as defined in the investment proclamation no. Administrative procedure proclamation ethiopia covid19 workplace response protocol ministry of labor ethiopia. Investment opportunities in industrial park investments. Ethiopian parliament today approved revised labor proclamation of the country, which increased the current employee probation period from 45 to 60 days. Ethiopian legal information portal find laws, cases, legal. The highlights of investment proclamation and guideline bellows are compiled from investment proclamation no. Expanded investment administration organs and clarification of mandates.
Establishment of the secretariat of the house of peoples representatives and of the. A police officer or official of the ethiopian police force, acting on behalf of the authority under this proclamation. Ethiopian legal information portal find laws, cases. Ethiopia investment guide 20172018 aln ethiopia mesfin. Article 35 of this proclamation 15 council means the federal government. The ethiopian investment commission is obliged to receive an application for an investment permit and issue the permit upon examination of the intended investment activity in light of the proclamation, regulation and directives, and receipt of the appropriate fee. Ethiopian business development services network ebdsn p. The highly anticipated directive that enables the diaspora community to invest in the banking business in the country is issued by the national bank of ethiopia nbe on thursday and become effective as of friday february 28. Tax invoice has the meaning assigned to it under article 22. Definitions in this proclamation, unless the context otherwise requires. The new proclamation provides clarity on the composition and mandate of. Basic categories of insurances under ethiopian law fikadu.