Ethiopia amendment of the investment proclamation a new amendment has been made on the previous investment proclamation number 7692012. Trade and foreign direct investment fdi figure in the. Ethiopia trade and investment priorities claudius preville. The draft ethiopian proclamation concerning press freedom by article 19 global campaign for free expression london june 2003 1.
Following this proclamation ethiopia witnessed a proliferation of domestic private banks. The investment proclamation no 2802002 as amended by proclamation no. Major positive changes regarding foreign investments have been introduced through investment proclamation no. Short title part one general this proclamation may be cited as the investment proclamation no. Ethiopia investment policies and incentives and opportunities. The investment laws navigator is a comprehensive and regularly updated collection of national investment laws. Definitions in this proclamation unless the context provides otherwise. Investment proclamation whereas it has become necessary to amend the investment proclamation no 7692012. Duty free, quota free access to the usa and eu markets through agoa and eba, respectively duty free, quota free access to japan, canada, china, turkey, australia and new. Tax invoice has the meaning assigned to it under article 22. Ethiopian investment legal regime have been identified. Establishment of the secretariat of the house of peoples representatives and of the house of the.
It seizes and takes legal action on the people and vehicles involved in the act of smuggling while it facilitates the legitimate movement of goods and people. This proclamation may be cited as the investment amendment proclamation no, 8492014, 2. Definitions in this proclamation unless the context otherwise requires. For further information read ethiopian investment guide 2015 or visit vestethiopia. Federal democratic republic of ethiopia, it is hereby proclaimed as follows. Find details on all publicly known treatybased investorstate dispute settlement cases. This page contains a guide to the existing investment proclamations and regulations. The draft ethiopian proclamation concerning press freedom. In addition to raising revenue, the mor is responsible to protect the society from adverse effects of smuggling. Democratic republic of ethiopia, it is hereby proclaimed as follows. Ethiopian legal information portal find laws, cases, legal. The investment proclamation has come into effect as of 2 nd of april 2020. The highlights of investment proclamation and guideline bellows are compiled from investment proclamation no. 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.
The investment proclamation sets a minimum capital requirement on foreign. Part nine establishes the ethiopian investment authority. Oct 30, 2019 assessment of ethiopian energy sector reform. Explore the worlds most comprehensive free database of investment treaties and model agreements. Ii subarticles 14, i5 and i7 of article 2 of the proclamation are deleted and replaced by the following new sub articles 14, 15 and 17. Agriculture ethiopia is a conducive investment destination for commercial farming. Ethiopia amendment of the investment proclamation fikadu.
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. Box 113 addis ababa, ethiopia in collaboration with. The applicable procedure is the same as that described in question 2. Ethiopian revenues and customs authority announced that it has identified tax free goods and items for passengers both in volume and size to ease customers hustle in and around the airport service. Ethiopian revenues and customs authority establishment proclamation no. Dutyfree, quotafree access to the usa and eu markets through agoa and eba. Ethiopia proclamation on investment investment laws. 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. Hence,i need the current ethiopian proclamations of investment and the current need of ethiopia for economic development please can you send me your opinion with best regards. Short title this proclamation may be cited as the investment amendment. Investment procedures in ethiopia ethiopian business portal.
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 revised export trade duty incentive scheme establishing proclamation no. Investment regulations no 270 of 2012 pdf click to download. Federal income tax proclamation 2016 ethiopian business portal. Short title this proclamation may be cited as the 7692012. On opportunities and potential in ethiopia for production of. Of the federal democratic republic of ethiopia 20th year no. Republic of ethiopia, it is hereby proclaimed as follows. A police officer or official of the ethiopian police force, acting on behalf of the authority under this proclamation.
The survey finds that the social networks of chinese investors function as a significant factor in making their investment decision in favor of ethiopia. Shifts made by the new investment proclamation part i. This proclamation may be cited as the trade competition and consumers protection proclamation no. Short title this proclamation may be cited as the insurance business proclamation no. Ethiopias primary law concerning foreign investment is the investment proclamation. List of proclamations and regulations enacted in the period. To take advantage of a good understanding of the investment climate gained from entrepreneurs social networks. Definitions in this proclamation, unless the context otherwise requires. Nov 12, 2018 the ethiopian investment commission is tasked with the coordination of the service delivery by these entities.
Investment areas reserved for dome stic investors regulation no. The smallscale mining licence regime applies to any mining. 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. The objective behind the amendment under proclamation number 8492014 is said to be aimed at further facilitating and encouraging investments in ethiopia.
Ethiopian ministry of revenues mor is the body responsible for collecting revenue from customs duties and domestic taxes. Introduction in april 2003, article 19, global campaign for free expression issued a briefing note commenting on a draft ethiopian proclamation concerning press freedom. Special issue investment policy responses to the covid19 pandemic read more. Sustainable investments in agroprocessing and light manufacturing sectors.
The legal regime on industrial parks in ethiopia gets law. At present there are fourteen private banks with a total of 394. Partiall y or full y fo reignowned companies m ay sell their shares. Providing foreign nationals of ethiopian proclamation no.
Investment opportunities in industrial park investments. Ethiopian business development services network ebdsn p. A largescale mining licence shall not exceed 20 years, and is renewable provided that the new period does not exceed 10 years article 27 of the proclamation n6782010. As a result of the implementation of the above mentioned policies and. This proclamation may be cited as the federal income tax proclamation no. Federal negarit gazeta establishment proclamation resources. Investors may employ senior expatriate experts provided that it has been ascertained that no equally qualified ethiopian is available to fill the job. Ethiopia proclamation on investment investment laws navigator.
Expanded investment administration organs and clarification of mandates. 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. Assessment of ethiopian energy and power business updates. Investment guide for ethiopia business environment investment policy investment areas incentivesguarantees taxation investment opportunities investment procedures addis ababa, ethiopia january 2004 published by. This legal brief tries to highlight the salient features of the investment. The new proclamation provides clarity on the composition and mandate of. Pdf report on ethiopian foreign investment law and practice. 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. Ethiopia investment guide 20172018 aln ethiopia mesfin. Amendment the investment proclamation no, 7692012 is hereby amended as follows. Overview of economic, geographic, social, and political outlook.