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The years 2010/2011 have been demanding for the Ethiopian business community. A wave of new proclamations, regulations and directives on taxes, business registration and licensing, price caps, private employees pension scheme, etc have been passed, issued or announced. We have written in this article the procedures on the commercial registration and business licensing in Ethiopia.The Ethiopian Standard Industrial Classification (Download Here) Commercial Registration and Business Licensing Proclamation No. 686/2010 or 686/2002 EC (Download Here) Many…
A valid business license is a business license issued or renewed in a particular budget year or for which the renewal time without penalty has not lapsed. Obtaining a Business License Business license is issued after the issuance of tax identification number and commercial registrations. No person shall carry on any commercial activity without obtaining a valid business license. A business person, who has registered the address of his branch office, shall not be required…
Registration of trade name takes place simultaneously with commercial registrations. When any person is being registered in the commercial register, the trade name shall be included in the commercial registration by verifying that it is unlikely to create conflict with the interest of another business. There are several lists of conditions (commercial registration and business licensing proclamation No 686/2010) that the trade name should fulfill before it gets registered in the central trade name register.…
Business registration is a mandatory requirement to start a business or investment in Ethiopia. No person can engage in any commercial activity without registering in the commercial register. Commercial register is administered by Ministry of Trade, and the Ministry of trade delegates the registrations of any commercial activities to different federal government institutions such as Ethiopian Investment Agency, and regional bureaus. The delegated registering bodies at different levels have responsibility to forward the registered information…
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