Council of Ministers Commercial Registration and Licensing (Amendment) Regulation No. 461 /2020

PRAPRL LREAT ATNCALT (TR b Ll 106 M FEDERAL NEGARIT GAZETTE OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA ve AeNtT oA gTC TR 26" Year No. 11 MAACKE &LBEAT LTNCALT CTAAR ADDIS ABABA 21 January, 2020 A%A AN TCOTE b KA, £ Aot T PRC 0A mAesT fom Content Regulation No. 461/2020 L3 ®PC BENTE 9.9 PNAATCT NG 0N Council of Ministers Commercial Registration and eI SUNS, LR 12092 Licensing (Amendment) Regulation ....Page (U794¢) £ R 1€ PoLLNTCT °hC 0 R3MN RTC SERE/E ~ COUNCIL OF STERS REGULATION No. 461/2020 £17& AT &P L PLLOTCTF °hC 0T COMMERCIAL REGISTRATION AND (144.e) £710 LICENSING (AMENDMENT) REGULATION been found necessary to P UANG AP LA TCT 9ohe 0T WHEREAS, it has CTAAN ADLAL UG Amend, the commercial Registration and licensing L3 krC NI service Regulation No 392/2016; [TO b A POULATCET RGO (L NG AP NOWTHEREFORE, the Council of Ministers APE RPC BETARE AP UER) ool has hereby issued this Regulation pursuant to R Ao-TLA:: Article 52 (1) of the Commercial Registration and LU Licensing Proclamation No. 980/2016. 8. hep o0 1. Short Title LU R PIL WG LPE PULLNTCT This Regulation may be cited as the “Council of Ministers Commercial Registration and Licensing PHCOT (FANL) R RPC SERBENTE (Amendment) Regulation No. 461 /2020.” T Ambh LTAA:: g myune 2. Amendment Commercial ~ Registration and Licensing eI NG LPL R RTC FEAEEND Regulation No0.392/2016 is hereby amended as AR htaa FVTAA:- follows: B/ ORI RIPR E O RHPR(8) leCH 1/ Sub Article (4) of Article 7 of the Regulation Ngh-tam hS0 300 KPR (8) A-Mka - is deleted and replaced by the following new Sub Article (4):

S/ N3 TANC PIL NP0 AIRATA “4/ Where a request is made for an AmPP (w7 28N (FFame- hhA amendment of a company name of a eFLMM PR HAA NATRA. ALY business organization, authenticated minutes the relevant organ shall 0-FNOE PRICCULNY L AR 1N notify the amendment via information ENGNE Ao Ch Noomdby® LaarPA:: communication technology channels. D A © e VT T T BT Y T e VE v &N NP TFT g 1) AL “haodAWE PPT 2/ The expression which provides “statement of e &GN PPCImG Pl R principal business address of applicant and PAa- hPI° LU PULLLINT PALLA branch office, if any in any of the provisions MEIR P A FACH A0 Paa- in the Regulation is deleted and replaced by KA M7 eNIEm e PO AL “the business address stated and signed by NhemAWE PoPA KG 14CTTar C.4LI1T the applicant in the form prepared by the relevant body for this purpose.” ChamdAT 398 ol REGAT n-e.Aa kA B/ PRHE RIPR B V00 AIPR (B) 4RA 3/ Paragraph (f) Sub Article (1) of Article 9 of ‘te (&) FaCr Ntheae RAD 4RA the Regulation is deleted and replaced by the e (&) HhEA:- following new paragraph (f): Yl henAWE Parelr AIC 1L WY (Y “f/ Where the applicant is a foreign national, AHPR WP (e 274 ORIom in addition to those provided in this 4P NHRUIC PCTIMG POLhe s WPy Article, he shall produce an investment AN PAe- DA N7 LHIE 0 license and the business address stated /NN PO AL (hmAWE Po9PA NG and signed in the form prepared for the 12.CMar PLINT VL e K& purpose by the relevant body shall be PRANE 3L 6 h&GNar or taken as his business address.” A0 LKA o/ PR RIPR BTN RIPR(E) teecp 4/ Sub Article (2) of Article 9 of the Regulation N720-tam A%0 30-0 A3PR (€) FhELA: is deleted and replaced by the following new Sub Article (2):

“€aN 0% NerhAS PFIL eun 2/ Where a commercial registration of a sole CONC @lPTE ATl (LAY oA business is made via an agent through a 02 2200 (FEAmae- AhA C1Am ParhAT power of attorney, a power of attorney TINEE wr L TPLA RANT:" authenticated by a legally authorized body shall be produced.” E PRH: AIPR T 300 AIPR (B) &RA 5/ Paragraph (e) Sub Article (1) of Article 13 of té () FACH thrbA@ R8O 42A He- the Regulation is deleted and replaced by the () -bthkac- following new paragraph (e): “w) MIET Gomk ARemll RS Asre- “e/ a bank statement certifying deposit of a TONLE COLPT (LI BEA, (W3 oot minimum of USD 100,000(One hundred ) PAZ2LNT RAC w8 AIC o0P thousand) earmarked for salary and whe 0° oLy (AR3ILLAD O administrative expenses is deposited in A0 haFh C-FOAm T4 the name of the principal or in the name of his representative;” B OPRHE RIPR TE K00 AIPR(8) -FACH 6/ Sub Articles (4) of Article 18 of the Nhtae Kh&a - 300 APR (B) Regulation is deleted and replaced by the kA - following new Sub Articles (4): “4/ The business address stated and signed by “8f AN e PRLAM N7 U04. wamOT the business organization in the form Rdr: RS Pom-bKRLP L3 AL WUy shall be taken as his business address , PTG RAAT TANe CRLMITY e Where the amendment is to be made to ATNCONT (W2 20N (HAma- RhA the memorandum or Articles of LI FA HOh PE PR AR e association, an original copy of the e oC pmeen Wy oge minutes of shareholders decision to PALG Aor WPy w9 ATICOIT amend same, authenticated by a legally‘

w TR0 &ReA TG D RTC T8 TG TE 43 ERIE 99 Federal Negarit Gazette No |1 21" January, 2020, page 12094 Mh? 7280 (FFAma- RhA ¢-FEIm authorized body and where the P4 P 1Oh PE PE ARG PhL A amendment relates to capital or where it AAAe PO AL (lwov-AT (14LCTa is change of business address, the LLMma- 10 Pltonphrla Kheed original copy of minutes of the business eI ol A& organization authenticated by a legally authorized body;” ZRRHE WHPR BB FwCH 0“Lhtae A4S0 7/ Article 21 of the Regulation is deleted and AIPR B HFEA: replaced by the following new Article 21: “BE. £FIL NI PIPONC @lbT NATINLH “21. Cancellation _of Commercial Registration _ Certificate. 8/ 0¥ W0 eeeahc wlédt I/ Application for cancellation of AT WL PCAl FemAWF Po o commercial registration certificate . PrtAl alEPT el shall be submitted by attaching the Pl AAVED-:- following documents with the application form: V) P26 hONPE CD0 o e a) original and necessary copies of Ly TAXCT PSS hnd.An, valid identity card or passport of VT 64 b the manager; Q) TennhFo- ohA eLLn WPy b) where the application is submitted Po-hAS TI0CE PT RS 6 b by an attorney; original and copy POhAS Proe- AOWLPLE P20 of power of attorney, original and a)odf oLy INCT PTo- necessary copies of valid identity AS ANA2, 1RT 64 card or passport of the attorney her: and the manager; ) €32 NI PRONC @l c) certificate of commercial TINCE Registration; @) 0PN UG WP P4 d) in case of business organization, 0N Fa ran (PGOY) AG the minutes of cancellation PALT C7°CT resolution and audit report must be presented. E/ A0 Laor AArADTE P39 9o 2/ the appropriate authority shall notify PONC @b LY ALY G Cancellation of Commercial Registration PUIEDT CAICCOUNT hevyhiis Certificate via information communication FNTOE AarC ewmby® eap-PA::" technology channels.™ L/ CRUF WIPR RE 300 AIPR (E) FOCH 8/ Sub Article (2) of Article 23 of the Regulation L h-taa hL0 300 A3PR (E)FhLac- is deleted and replaced by the following new Sub Article (2): B/ IO 198, IV i LD L PIEONC “2/ Where the license of a sole business is @lb Ty NahAS Ao Fohe issued via a power of attorney, a power 0?7200 hebamm ”WA P-FE21m of attorney authenticated by an Ca-NAS A2 AT TINET TP LA hANTE::” authorized body shall be produced.” BOPRH: WIPR RS 00 AIPR (B) LRA 9/ Paragraph (d) Sub Article (6) of Article 24 of Fés (@) EwCH (1L FA® RE.O LEA 1e- the Regulation is deleted and replaced by the (om) beFhkA:- following new paragraph (d):

® TRAAE KREA 1961 OHm &TC TE C TR 3 ERIE 99 Federal Negarit Gazette No.Il 21" January, 2020...page 12095 ‘oo UL TIUNE PCTIG: foLhe T ey “(d) Where the business organization ope AN Pam- AAs7ANT (90N IEm Pd branches, the business address stated ai AL NhooAWE 74P ARG (14.C™ 10 signed by it in the form shall be taken PRIV PN e RECAme: P its business address;” hoAWE 90 Plampirbar hE oW PCIRG PV e RELTa G- T Lonsa” IeRHE R¥PR @ 30 RIPR () FACH 10/ Sub Article (2) of Article 30 of tl N0 tA@ A%0 300 KPR () -tHhkac- Regulation is deleted and replaced by tt following new Sub Article (2): UL TG WP AL TG “2/ An audit report, if it is a busine organization;” T8/ PRHE KPR @€ 00 RPPR () Fecp 11/ Sub Article (3) of Article 32 of the Regulatic M“%h-dar A80 30-0 RIPR (i) A-ThtAc- is deleted and replaced by the following ne Sub Article (3): i MG ear PUrRLAD (1794 PamamO (i 3/ The business address stated and signed t Rdr@:§ Ponlf26¢ £ AL WYy the business organization in the form sha N4 AOAT VAT ey PRAMNT be taken as his business address , Whei wRLY ACONT W AN (Hdmar the amendment is to be made to tt P AU TN & DAULVI 7 T ¥P T~ 5 memorandum or Articles of association, ¢ AN ear LI A OC emeen original copy of the minutes ¢ hry LU PULLINT shareholders decision to amend sam UMM 0LY authenticated by a legally authorized bod; PhLGE Aot WPY A0 fhor and where the amendment relates to capit: AT (L0028 PO AL “71(4- or where it is change of business addres LI ol REEAE 1o AN PAD AT the original copy of minutes of tt 04C%ar LNMa- 3L ol R&EA business organization authenticated by ChemdAWE P3VL Pl RGN Yo PN legally authorized body.” LKA T8/ PRI WIPR “ib Fwcn (1wh-taa- A40 12/ Article 41 of the Regulation is deleted an RIPR A8 kA replaced by the following new Article 41; 95, PPALTT h2P AR PFPNI0 PRARC “41. Cancellation of the Special Certificat @lPT OATT0LN ofRegi of straHolding tionCompany B/ PUPALTT BOEe AR PRARC 1/ The holding company shall present th alPt AT WA aomAhF following, along with the applicatior o IC PmbEAT B to cancel special certificate ¢ ‘TE LN awPlAl AATF@-:: registration of holding company: V) PPALTY WP AR PYRANC a) special certificate of registration o Y40 the holding company; Q) PPALFD Q9°YPrA DAL (7L b) a notarized minute certificatio ATLOT W2 AANTE (-FAmar showing the dissolution of th AN PHEOIM PR KA holding company; ) PPALTFY AOCEANS DB pree c) original and necessary copies o hOWLE P20 v b e oLy valid identification card or passpor TO7CT PEOS ANLALL IRT of the manager of the holdin (55 3 0 coordinator company.

™ORN Lgea 106t oM 4TC TE TC TE 4 KAIE 990 Federal Negarit Gazette No.ll 21" January, 2020...page 12096 €/ PPALTI APl AAameiy A1) 2/ the appropriate authority shall notify fhamr A~ ALY 9499 Cancellation of the special certificate of PUIEDS PRICCOL TS eyl registration of holding company via FhECE Ao osndye information communication technology g4 PRI channels.” TE eRHUr WIPR B J00 AIPR (B) -lach 13/ Sub-Article (1) of Article 51 of the Regulation Lh-FA@ K50 300 W3PR (B) HFhdA:- is deleted and replaced by the following new Sub Article (1): ‘Bl N AANT (-FAme- RhA Pogd “1/ a cancellation of the franchise agreement PREIFLNGE PREVFLN, @A T96:470 document approved by the appropriate [Uaa& O X o authority;” T8/ PRI WIPR HE Y00 WIPR () FaCH 14/ Sub-Article (3) of Article 52 of the 12t A@ R T00 AYPR: (iF) thbA Regulation is deleted and replaced by the following new Sub-Article (3): Bl RPLXT 0L9 Rheway2T hyect 3/ Producers or importers may retail goods WeeFm eHa ATCFE Hesp of such a nature that cannot be sold AVVEETT PATo- CHT OFCHFE otherwise than by retailing;” Afime L4027 IZ WRHE R3PR HE 034 ABA AR GP 15/ New Article 53 is added After Article 52 T hRHPR HE A0h Res and Article 53 to 55 shall be renumbered as LAT ABRPRIS FHEATO- WAIPR Atrticle 54 to 56: Adh AR 3% Pro- FIOTIPA:: “HE/NY R dhemJode AT T07CT “53/ Notwithstanding the provisions on CE LPLPT RIRbalde Vo identity card and passports under this Pem}E LFL NG havsmip AT Regulation, driving licenses and any PU0m I oe 2T (179l identity cards issued by employers may AT LADA be used for the purposes of getting any services.” i/ 270 P3RS0 21 3. Effective Date LU LM EREA 196 DM D This Regulation shall enter into force on the date of Nt ¢ ERC P05 LPSTA:: " their publication in the Federal Negarit Gazette. A0 KOO vC T8 +73 E0.1E Done at Addis Ababa, this 21* day of January,2020. R/C AL hyaog: ABIY AHMED (DR.) FATERP LREAR ATNEOLE LTAAN mPAL PRIME MINISTER OF THE FEDERAL “LL0rC DEMOCRATIC REPUBLIC OF ETHIOPIA