Ethiopia - Renewal of Microfinance Bank License

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Procedure

Apply In-Person:

1. Application for renewal of Microfinance Bank 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 is 1,000 Birr for application form and 300 Birr for license renewal.
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 7 days by visiting the office or via post.
   

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Required Documents

Documents required for this procedure to complete are:

• ID Proof
• Address Proof
• Proof of Trade Name Registration
• Existing Microfinance Bank License
  

Office Locations & Contacts

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

Eligibility

Companies that are registered under the Companies Act as a Micro Finance Bank whose main object is to conduct foreign exchange bureau business.

Fees

• Fee for applying for renewal of license is 1,000 Birr.
• Fee for license renewal is 300 Birr.
  

Validity

Valid for 1 year.

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Processing time for this procedure is 7 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.
• Applicant should follow all details provided by the concerned authorities properly.
  

Required Information

• Name of Applicant
• Address of Applicant
• License Number
• Tax Clearance Certificate
• Proof of Provisional Tax Payment
  

Need for the Document

Renewal of a Microfinance Bank License has to be done every year as per Ethiopian laws.

Information which might help

The National Bank of Ethiopia holds the right for renewal of a Microfinance Bank 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