Investment

Proclamation No.769/2012 Investment Proclamation

PART EIGHT

INDUSTRIAL DEVELOPMENT ZONE

33. Establishment of Industrial Development Zones

1/ In order for the industrial sector to have a leading role in the economy of the country the federal government shall establish industrial development zones in regions.

2/ Without prejudice to the provision of Article 6 of this Proclamation industrial zone development shall be undertaken by the federal government or, where deemed necessary, by joint investment of the government and private sector.

34. Administration of Industrial Development Zones

1/The organ responsible for administering and supervising industrial development zones shall be determined by regulation to be issued by the Council of Ministers.

2/ The organ to be designated by the Council of Ministers in accordance with sub-article (I) of this Article shall, in conformity with the procedures provided under this Proclamation and regulation issued hereunder, and the approved plans and agreements of the country, submit recommendations to the Council of Ministers for reduction or expansion of industrial development zone.

3/ Where the recommendation specified under sub article (2) of this Article is approved a leasehold land within or adjacent to industrial development zones may be possessed by negotiation or decision for the purpose of:

a) incorporating the land with existing industrial development zone;

b) getting passage to enter in to industrial development zones; or

c) maintaining natural resources, heritages and places required by law to be preserved.

35. Regulations Related to Industrial Development

1/ An organ to engage in the federal government development activities of industrial development zone shall be established by regulation of the Council of Ministers.

2/ Matters concerning designation, allocation standard, boundary delimitation of industrial development zones, the rights and duties of investors engaged in, the services expected from the government and supervision thereon, completion of construction activities and supervision thereon, incentives other than those under this Proclamation and the implementation of this Part of the Proclamation, shall be determined by the Council of Ministers regulation.

3/ Unless otherwise it is to be governed by this special Part and regulations based on the provisions of this special Part of this Proclamation, the provision of this Proclamation and regulations issued hereunder shall be applicable 10 industrial development zones.

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10 replies »

  1. Hi sir, I am a consultant,& I asked to prepare feasibility study of investment projects. 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

  2. Dear, first I very grateful for all your devotion to make laws ….. accessible.
    would mind please to send me federal and Oromia RNS proclamation, regulation, directives, if any, concerning Investment other than this proc. 769/2012.
    And please any literature, thesis, journal articles on Expropriation of Investment in general and Foreign investment in particular.

    with best regards,

  3. 1st of all i would like thanks for ur help . it is known that an invester is exmted from stamp duty charge when he get bank loan but am a little bit confiused i do have one coustomer how have investment license and retaile business the loan loan is used for both. my qustion is the customer can pay stampduty charge or not. if it is possible pls send me you reply on my email

  4. please send to me the newly issued or Draft -proclamation For Financial Statments Prepration- which was proclamed in June 2014. Thank you!

  5. Sir Abrham . I would like to wonder you for all your efforts, that you make known the current laws of Ethiopia to every one . Through this opportunity i will ask your contribution regarding the requirements of registration and license as you give me some explanation .

    • I was asked to deliver some speech on newly enacted proclamation of investment and the current need of ethiopia for economic development please can you send me your opinion with best regards

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