Ethiopia - Renewal of Forex Bureau License

Advertisement

Procedure

Apply In-Person:

1. Application form for renewal of Forex Bureau License is available in the National Bank of Ethiopia contact link
2. Applicant should provide all necessary information that is requested in the application form.
3. Applicant must carry all related documents which are mentioned under “Required Documents” section of this page (both photocopies and originals).
4. Applicant should attach photocopies of documents (whichever is necessary) along with the application form.
5. Fee for this procedure has to be paid as per authority’s request.
6. Applicant should attach photocopies of documents along with the application form while submitting.
7. If all the above-mentioned procedures were followed properly, the procedure will be completed within 21 days at the office or via post.
   

Advertisement

Required Documents

Documents required for this procedure to complete are:

• ID Proof
• Address Proof
• Certificate of Incorporation
• Memorandum and Articles of association
• References of shareholders and proposed director’s statuses
• Resolution of Board for renewal
• Bank statement
• Work Permit for all Non-Ethiopians
• Business Plans
• Financial Plans
  

Office Locations & Contacts

National Bank of Ethiopia,
Addis Ababa, Ethiopia.
Contact No: +251115517438
Contact link
Location link

Eligibility

• Companies that are operating under Forex Bureau and registered under companies’ act are eligible.
• Forex Bureau applicant must have Ethiopian Nationality and own a business in Ethiopia.
  

Fees

Fee for this procedure has to be paid as per authority’s request.

Validity

Valid for 1 year.

Documents to Use

link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Processing time for this procedure is 21 days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must be aware of renewal guidelines for making sure that their application wouldn’t fall under withdrawal category.
• Applicant should follow all details provided by the concerned authorities properly.
  

Required Information

• Name of Applicant
• Address of Applicant
• Location of Foreign Exchange Bureau
• Previous Forex Bureau License
• Tax Clearance Certificate
• Proof of Provisional Tax Payment
• Utility Bill Receipt
• Turn Over and Net-Worth of business
  

Need for the Document

Renewal of a Forex Bureau License must be done yearly for continuing their business.

Information which might help

The National Bank of Ethiopia holds the right for renewal of a Forex Bureau License of companies in Ethiopia.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

External link

Others

More information which might help