Page Last Updated On: Sat, September 17, 2011
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The Souther Nations Nationalities and Peoples Regional State(SNNPRs) of Ethiopia and Investment Related Issues
  1. The General Features of Our Region (SNNPR)
  2. Over view of Investment Activities in SNNPR
  3. The Investment Expansion Process
  4. Organizational Norm



4. Organizational Norm

Vision

To see the region become leading investment area through strong one stop shop service delivering organization in investment promotion.

 Mission

To improve the well being of the people by Studying and promoting investment potentials of the region, Delivering investment licenses, supporting investors to obtain land, Following and settling encountered problems by using different approaches which makes the region ideal for investment

Values

  1. Government policies and strategy are our fundamental principles
  2. Fair justice, cooperative and democratic leadership are our identity
  3. Our human resource is our primary resource
  4. Our work starts from our common understanding and consensus
  5. Costumers respect ion and giving priority for them are our norms
  6. Listening our costumers’ problems and benefiting from their grievances, and learning from our mistakes are our basic institutional cultures
  7. punctuality is our fundamental norm
  8. Service quality, service delivering speed, accountability, transparency and credibility are our “The Five Fundamental Work Principles”  
  9. Innovating, learning and adapting new ideas, and changing our “status-quo” are our work principles  
  10. Hard working is our prime institutional custom, our success is our endeavor outcome and it is our noble achievement reward

Service Offerings

  • Offer new investment license
  • Renew investment license
  • Allow different investment development motivation rewards
  • Offer investment license’s change, replacing or canceling services
  • Offer investment information, consulting and other supporting services
  • Provide investment project files
  • Provide land for investment projects, measuring and transferring it with land ownership plan for investors
  • Monitoring and supporting investment projects, identifying their projects problems, analyzing and providing solutions, offering consulting and training services
S/N
Type of Service
Number of service procedure
Amount of Service waiting time
(In Minutes)
1 Evaluating investor’s business plan 1 450
2 Acquiring investment license 5 20
3 Investment license renewing 3 20
4 Acquiring investment development motivation reward service 1 15
5 Obtaining investment license’s change service 1 10
6 Obtaining investment license’s replacing service 1 10
7 Obtaining investment license’s canceling service 1 10

 

S/N
Type of Service
Service fee ( ETB)
1 Earning new investment license 600.00
2 Renewing investment license 200.00
3 Investment diversification certificate 300.00
4 Renewing Investment diversification certificate 100.00
5 Investment application format Free
6 Replacing investment license 100.00
7 Acquiring investment information and consulting services Free

 

Customers’ Complying preconditions and Obligations to acquire our services

I. Acquiring New Investment License  

  1. For Private Investor
    • Business plan
    • Application format which is filled by business owner or legal representative
    • If the application format is filled by investor’s agent, provide a legal representative letter
    • Photo copy of business owner’s ID card or Photo copy of domestic investor’s certificate  
    • Three recent passport size photos
  2. For Trade Association
    • Business plan
    • Trade Association foundation minute
    • Application format which is filled by director of Trade Association or its legal representative
    • Trade Association’s formation article and photo copy of its bylaws;
    • If the Trade Association is a newly established, provide photo copy of its members’ ID card or Photo copy of domestic investors’ certificate
  3. For Government Business Ownership Company
    • Business plan
    • Application format which is filled by CEO/director of the company
    • Organization’s formation article and photo copy of its bylaws
  4. For Cooperative-Work Association
    • Business plan
    • Application format which is filled by the director of association
    • Association’s formation article and photo copy of its bylaws

 

II. For Investment License Diversification

  • Business plan
  • Investment license diversification application format which is filled by business owner or legal representative
  • If the business is owned by Trade Association, provide business foundation article and photo copy of its bylaws
  • Photo copy of certified work permit license

III. For Coffee Industry ( Washing and Filtering)   

  • Including the above in number#1&#5 is mentioned, provide recommendation letter from regional state rural development office or zone’s office

IV. For Investment License Renewing

  • Original investment license certificate
  • If the investment license renewing is presented by legal representative, provide a legal representative application letter
  • Fill investment license renewing format

V. For Investment Development Motivation Reward Beneficiaries

  1. Tax Free Motivation Reward
    • Holding investment license and having renewed it,
    • The investment project operates within the area of “awarding investment development motivation project”,
    • Provide commercial invoice, catalog (if necessary), foreign exchange license and importing goods’ bills
  2. Income Tax Refunding Motivation Reward
    • Finalized investment project construction and acquired work permit license
  3. Land Leasing Tax Relief Reward
    • Application letter which is presented by business owner or legal representative
    • Investment performance report
    • Finalized investment project erection and acquired work permit license

VI. To change Private business to Association

  1. Application letter,
  2. Amend or reform formation article and proven association’s bylaws,
  3. Original registration certificate,
  4. Investment license card,
  5. If the application letter is presented by business owner’s representative, provide a certified legal representative document which is verified by an authorized treaty and certification agency  

VII. To sell or award ( donate) Investment License

  • Application letter,
  • Selling or awarding(or donating) treaty document which is certified by treaty and certification agency,
  • Original registration certificate,
  • Investment certificate,
  • Recent passport size photo of buyer or awarded ( or recipient),
  • If the project is an agricultural project, provide a certified document which shows the project is on process of business development,
  • If anybody borrowed money by using the license’s name and is registered as organizational level, provide a lender or legal representative suggestion or recommendation   

VIII. To Cancel Investment License

  • Application letter with reasoning for the causes of canceling,
  • Investment license certificate,
  • registration certificate,
  • verified documents which show holding investment license benefits and complying their obligations according to holding investment license benefits’ regulations

 XI. Acquiring Investment Land (For Rural Investment Land )

  • fill rural investment application form ,
  • Show a 35% of total project capital of bank account,  
  • Determine the total amount of investment land for the project,
  • Before doing a treaty of land leasing contract, make a 50% prepayment of half year land leasing fee,
  • Make a treaty of land leasing contract

Authorities and Main Tasks

  • Identify and Provide regional investment potential resources for investment operations, manage and motivate investment expansions and inflows
  • Offer new investment license, renewing, banning and/or canceling it
  • create new idea for suitable investment policies and strategies for sustainable investment development in the region, and implement it after its approval
  • Carry out investment expansions and motivation researches, and provide trainings
  • Provide consulting and supporting services for investors
  • Receive demarcated investment land and transfer it for investors
  • Collect regional potential resource data, provide investment project profiles and distribute them
  • Provide investment promotion documents and documentary films, and distribute them
  • Monitor investment projects, follow up and ratify investors’ complying their obligations
  • Provide different investment development motivation rewards, (if necessary), carry out new investment development motivation reward researches, propose them for higher decision makers, and implement them after their approval
  • Measure rural investment land , provide land ownership plan, and offer it for investors
  •  Motivate and provide especial supports to increase the productivity of export goods
  • Offer technical and consulting services for investment
 
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