Proclamation pursuant to article 5514 of the fdre constitution. The legal regime on industrial parks in ethiopia gets law. Container deposits must be made with the ethiopian revenue and customs authority export and other goods facilitation branch office by the shipper. Ethiopia, by the ethiopian investment authority eia and the ethiopian commission on science and technology ecst. Overview of investment treaties signed by ethiopia although bilateral treaty based protection of investment is a recent phenomenon,5 the emergence of protection of investment begins with merchant conces. An employee or official of the ethiopian postal services, acting on behalf of the ethiopian customs authority who administers this proclamation. The ethiopian investment commission is tasked with the coordination of the service delivery by these entities. In line with this, the investment proclamation guarantees adequate compensation corresponding to the prevailing market value of property and such payment to be effected promptly. The ethiopian trading businesses corporation is the public enterprise established on 22nd december, 2015 by the council of ministers pursuant to article 5 of the definition of powers and duties of the executive organ of the federal democratic republic of ethiopia proclamation no. As a result of the implementation of the above mentioned policies and. Ethiopian investment law, house of peoples representatives, industrial zone, investment incentives, investment proclamation.
How to obtain a tax payer identification number tin in. Tax invoice has the meaning assigned to it under article 22. Republic of ethiopia, it is hereby proclaimed as follows. Ethiopian legal information portal find laws, cases. Definitions in this proclamation, unless the context otherwise requires. Take note that this article was prepared by amare molla, information hub coordinator for absf, and as such does not necessarily reflect the views and opinions of the institutions involved in funding or managing the agribiz. For further information read ethiopian investment guide 2015 or visit vestethiopia. Investment regulations in ethiopia ethiopian business portal. Ethiopia proclamation on investment investment laws.
Short title this proclamation may be cited as the 7692012. This page contains a guide to the existing investment proclamations and regulations. Commission drafts new investment proclamation to attract. Federal democratic republic of ethiopia proclamation no. How to establish sole proprietorship in ethiopia entag. The legal status of stateowned share companies in ethiopia. Shifts made by the new investment proclamation part i. On january 30, 2020, the house of peoples representative approved a draft investment proclamation new proclamation that replaces the investment proclamation no. The second element requires establishment under the proclamation. The highlights of investment proclamation and guideline bellows are compiled from investment proclamation no. This proclamation may be cited as the federal income tax proclamation no. Ethiopian federal government procurement and property administration proclamation no. For the last five years till last june 2004 valuation and classification of goods was done by a. To take advantage of a good understanding of the investment climate gained from entrepreneurs social networks.
Draft investment proclamation ethiopia ethiopian legal brief. Categories of taxpayer 1 for the purposes of this proclamation there shall be the following categories of business taxpayers. On opportunities and potential in ethiopia for production. Federal democratic republic of ethiopia ministry of industry. Regulatory space in the treatment of foreign investment. A foreign investor can engage in any sector listed under the investment proclamation no. This proclamation may be cited as the federal government of ethiopia financial administration proclamation no. The ethiopian human rights commission and its contribution in the protection of human rights and building of good governance.
In simple terms custom duty is tax tax imposed on goods entering and leaving the country. The article is written with utmost care by referring available and reliable information sources on the agribusiness and investment situation of ethiopia. Pdf determinants of foreign direct investment in ethiopia. Successful construction requires flawless functioning of the project. The ministry of economic development and cooperation shall establish the format for the multiyear public investment programme. Documents required vehicle identification number vin vehicle documents must include engine number, chassis number, make, model, year of manufacture, and number of cc, etc. Each project is unique and has its own specific design to be constructed on a particular site within a definite timeframe, cost, materials, equipment and labor.
If they opt to be considered as domestic investors they must apply to the then ethiopian investment authority eia and fill a form which is taken as a promise not to be considered. Proclamation from an amount received by the person. Benchmarking indepth desk research on best practice. The new proclamation becomes effective as of the date of its publication in the official nagarit gazetta. Part nine establishes the ethiopian investment authority. Ethiopian foreign trade data contd valuation of goods as it is stipulated in the customs proclamation the customs valuation method is inline with the wto valuation agreement. The legal regime on industrial parks in ethiopia gets. Challenges and prospects mohammed abdo the nature of the environment in which national human rights institutions nhris operate determines their effectiveness in building a human rights culture. Reporting of remissions remissions granted under this proclamation or any other proclamation during fiscal year shall be reported in the public accounts for that year. A police officer or official of the ethiopian police force, acting on behalf of the authority under this proclamation.
The proclamation anticipates that further details regarding the services and operation of the onestop shop will be provided by a regulation to be issued by the council of ministers. The survey finds that the social networks of chinese investors function as a significant factor in making their investment decision in favor of ethiopia. Because you have chosen one of the right business forms open for foreign investors like you. Are you opening a new agribusiness enterprise to invest in ethiopia. Remissions of amounts paid, under this proclamation or any other proclamation shall be paid out of funds appropriated specifically for this purpose. List of proclamations and regulations enacted in the. Part one this proclamation may be cited as the investment proclamation no.
Democratic republic of ethiopia, it is hereby proclaimed as follows. If so, you need to prepare to be a proud tax payer. The objective behind the amendment under proclamation number 8492014 is said to be aimed at further facilitating and encouraging investments in ethiopia. Federal negarit gazeta ethiopian chamber of commerce. It may be necessary to collect information from the ethiopian investment commission eic about investment requirements, incentives, and such other useful matters. Such a new move was undertaken by the power given to the ethiopian privatization agency hereafter epa, recently substituted by privatization and public enterprises supervising agency hereafter ppesa. To get there, you should first obtain a tax payer identification number, tin in short. Major positive changes regarding foreign investments have been introduced through investment proclamation no. Ethiopia trade and investment priorities claudius preville. Investment opportunities in industrial park investments. The investment proclamation has come into effect as of 2 nd of april 2020. History of investment law in ethiopia allaboutethio. Investment commission to be established by regulation of the.
Federal income tax proclamation 2016 ethiopian business portal. Have you determined to establish sole proprietorship to start foreign agribusiness investment in ethiopia. Ethiopias primary law concerning foreign investment is the investment proclamation. Ethiopia investment policies and incentives and opportunities. 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. Council of ministers 15 linvestment board means the ethiopian. A new marketoriented economic policy was provided by new mining proclamations and regulations to encourage the participation of private capital in mineral prospecting, exploration and. The ethiopian human rights commission and its contribution.
Per ethiopias 1996 investment proclamation and subsequent amendments, assets of a domestic investor or a foreign investor, enterprise or expansion cannot be nationalized wholly or partly, except. Overview of economic, geographic, social, and political outlook. Article 35 of this proclamation 15 council means the federal government. This article contains a checklist of standard steps and quick guides on how to obtain a tin continued.
On opportunities and potential in ethiopia for production of. Addis ababa ethiopian investment commission eic has drafted a new investment proclamation to modernize the service delivery and attract more foreign direct investment fdi ease of doing business is among the prior agenda of the government and eic announced that a discussion was held thursday to collect input from the concerned bodies regarding issues which are taken as challenges for. Nov 12, 2018 the ethiopian investment commission is tasked with the coordination of the service delivery by these entities. Another large firm that runs substantial ethiopian operations is ayka addis, the ethiopian subsidiary of the turkish textile giant ayka textiles. Icsid investor state dispute system as its bilateral investment treaties are pointing to it.
List of proclamations and regulations enacted in the period. Ethiopian legal information portal find laws, cases, legal. Definitions a term used in this proclamation that is defined in the tax administration proclamation shall have the meaning in the tax administration proclamation unless defined otherwise in this proclamation. However, the nomination of the chief commissioner took place only in july 2004 and of the other two commissioners a year later.
The requirements for their formation, operation, structure, and exit are embodied in the proclamation. The proclamation sets the legal framework for entities established by the state for the purpose of economic activities for gain. Proclamation from august 2010 private investment in the mineral sector of ethiopia was opened in 1991 as a result of the political change in the country. Proclamations enacted by the house of representatives of the federal democratic republic of ethiopia during 1988 e. The delay in the enactment of the legislation and appointment of.
916 1181 277 169 904 420 56 1187 1144 579 440 1369 1097 993 1272 118 1345 450 59 1291 421 420 246 1582 234 440 1185 888 1143 710 859 1248 496 793 796 773 838 90 480 705