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FEDERAL NEGARIT GAZETTE
OF'I'IIE FEDERAL DEMOCRATIC REPUBLIC OF IiTIIIOPIA

f,.(/,f.*n.l?: ,r,h.1. +,tc .t;i

h.g.h h tt tu:\t,;!. .lr9 +,, i.d.r.H llh.l-f.ri! LA/,.4,t: r,..t"rtt-t\.!,X t t,.IA,t, ;16 ycar No ?N
f,h?r.lf .t.d'rfF:I rha: i,:1. \rt4a|l.?!tt, .\rtDrs,\lL\tt.\ I'L.J I)r) of April ti):rl

olcr6t
Conlcnt
)r?,4: .D't'(.' i: i ti.'n: k'fi .1: t!.,r.1 Proclamation No. I lS0/2020
.#
( h.'riifi:r r.o'r:t, h1 ...................',8. .i!in.i:I.iii:
Invcstnlent Proclarnation .............................pa1tc I l-i gi

he.F +rc _{6il.fled.i8 I'ttoct.,\\,tA fIoN \O- | iit/z{}z{l

fLThhta-?t h9F ti\i\rt,:s.t.\Mt( f pnoct .,\ \t,\.l.t0:i

ht"a..I. 7\.; hhlt f, (r,.2iih,l.an.r+ .mhttlf, RI'COGNIZINC rhat incrc.ls jng the rclc oi. pri\ rrc
Lr.t,y" ti' lln. A.9,, I lr.l"i'",t. tx:t;i,I.
9!tA:t nc\i nt-q scctof lnvcsttrcnl in all sccto|s rrl the cciJnotnl/ inciliding
in
nq{A"l 0- tLl.)':t. hi ltar'hi.n.+ (h.t44i, productivc and cnabling scctor.s has bccontc
r.lcccsliirr\,t()
t h.tt<i"r. d"ll- "14.tn't; thli-t.ttt tt|.Ir:I, acccleratc thc ccononlic dcvclol)ntcnt ot u1c coulttt.\.
"?epTr; !nsUfe
lh't(: tt hr t"?,t 27. h+r-., "r,lr|qh? hq fiLtTJt its suslainabilit),. stfcnglhcn dontcstic pfoduction c!plci!J

tl..: A44 "'t ti.tiN hhL4,L .,,,f 1.,, 0.tD.t rtt,I1 and thercby improvc thc living standlr(ls ol.its pcoplc:

(h.t/,..p. l\.lt,i.'t..tr., 9A,t h.l{._,p,l.afir|4r.7. WIIfiIIRAS il has bcconlc ncccss0r\,1() cl.cJtJ iu.i
l,"t..t'4.,1{ti I o(,1r. ?,,t !i., goryhi.4;. fit, h,; ,tt.+ cconomtc tramcwork lhilt Iirst_tr.acks rlrc, ,rlobal
.( Aot (,r"L bl:A g.r.A.,ra:i h,|p,.o.!- tt,t.a.ec. nt:1,-.\, cotnpctltivcncss ol'(hc National cc()n()rn\,. tncretscs
c\lj{)rl
t q 4.obp7al. ,l,nnc? ?,.t.(qa,t,
pcllolmancc, gcncmtcs mofc itnd bctler clnplo\.nlcnl
out1l111 fr4t
opponunitics. and lacilit.ttcs sLtstaindblL, anci i:rlrvincrl
I l\.1{ i"'1.,r- (:'r :t, rn 4,.t :1. !141 h 3. A'r.'
11

linkagc among valious ccononric scclors.

,rt T .rtLdt 2'.-t.+. 'i..ttli

Ncaafll C, P.O.tlox 80001
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Lt z..\ r:r.7. :,tL4t A,tt: ?iit -., .1. iili l.n glt.ill 9.r' Ijcrlcnl NcBrir (;nzcuc No 2t! Apal ?"(r 2020 t).uu

WIIEREAS it has bcconrc ncccssar! Lo Iitrthcr illcrciisc

h.'ritn4-aD'r:I. otr.t', ht t.t'rt:t't:- a"hrt n"?h4.7' and divc|sily lbrcign invcstmcnr intlo\\,lo rccclcnlc in\\ rd

? btn'1"1'. t'hl,A"'J'. lf f ,['h5'A'q '['?'?c hf hcr:Ft lransl'el and dil'llsion ol'knovrlcdgc- skill. rnd lcchnologl:
,'14, r't 4-ti. t ott,1.'t lt.r.,.l'rlt4lI

tkD."t' lf (h'tc tryh+ l1'l-1[fi:l'at l'1.\. Z,nifi1s1 IIECOGNIZINC that it hls bcconc ncccssarr lo
.?.nn(..? "?tr4..1.: ?h..riih7,.,,,.r1. hr:\4? n(;.,r,1.., maximizc linkagcs bctrvccn lirlcign and clonrcstie
invcstmcnts, promotc cquildblc distfibution ol
"'ll'tiat (tt-6t!" lyC)-A !1.',,.n,i'.r ?h't(: invcstr))cnts
^'rtt.tt.y.
df.nT {fnfr,ll.F:l'.', .t. tt,t,1,,:1. ",t4A-I hha.41. .mt',.',
ameng rcgions. dnd levcr.agc li)rcign capital to promotc lhc
corrrpclitivcncss ol' dontcstic invcstors:
tlat"t'r 4lt

h.' rii h :t .ro' r.t'.t.

hr 6y ? h..ri tt :t..,D.r +,r 4"1 !, l. RECOGNIZINC that ir has bcconrc csscntiai to 1.rut in
t t .'o dlt4: .t lrtt:, q 4\).rl: ntr, h., rt.O.f, n ;tr.t h-t tl.tl placc a systcm 01'monitor.in,q and supcr.r,ision to cnsufc thal
."'tt.;.Dttt u'| Anl /.1,1,r, ?"'t.?h'l.A g.l:ffc lf invcstmcnts dclivcl on promisc(l polcntials stirrcd itl
( :t. l. d /. C9 :1. .,t,tt C..) :1.. 4,,tl. .,Dtf\:, National lnvcstDrctrl ObicctiVcs and afc opcriltc(l
tt fi.,b,n 48 it)
accordance with thc law:

|h..tii ;l,n.r:r \:A:t,i .,Dh4,4.:I.t \t 4r,)rl WIIEIfEAS thc invcsllncllt adDinistfation s!slcm ltas t()
"1 4 A,,t h', t.'!t A h.'tii h,l. o.'t l. I'.,Ioo ZJlll p Cj :t bc transparcnt. pr.cdictablc. and clllcictll lo incr.rjit(c
Jrllla\.f.9/t\fi': 4-1",11.i hl 4, Aflri. h'rrr.t1 "l g,Z-t In\ cstmcnl atltilclion. rctunli{ri]. :rnd crparsir,n:
udzha.d't.r

,,rr.t 7 ,14t7
2t"t. lt"14t Aqr:4h i,/-2. 4!. WIIERItAS, to thcsc cn.ls. il hus bccomc ncce ssilr\ lo
.eAn,"t | ,\.'tii h.1.r'D'r:l' ;tfl ot'ti I A t\h8.4.t. rf.f rcvise thc cxisting law on in\cstntcnU

n.'D't'f 4,1

(lh.:l't'^'.('
LAL4t ttlP'tt6, !3, a,.r4lh.t, Afl- NOW, 'l'l I ltRttFOllli. in accor.dancc \\,ith nrticlc
.'o't-t/-l. h.l,pfr. .{4(n) .n,,,,.I. y,t.tt.r.At. 55(l) ol' thc (i)nstitution ol tl.tc l.cdcfal I)ot.rourrljc
iJ'n,'j(':-A,: Itcpublic ol'Uthiopia. jr is hcrcb) pr.oclLlinrccl us lirllorrs:
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2tLq ?::1 6211.4.'li. Fcderol Nesorn (jrzcnc N'o 28 2",'20?0
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rn+44 c tiN t1tt/\ t_

6.h+c cdn l.Short'l'illc

'l'his Proclamation may bc cilcd as thc .,lD\,cslrncnt
l'.tt hl' E "( h;riih.l.au', 7' h{'l: {:r.C i:.6'd.-'s: Lq't.i:lti."
.l'414" d..n4,n J,,:l4rt Pfoclamarion No | | tt0/2020''.
':
9..+cqn 2, Dcfinitions
gtn. ,l'fa'0 1L4 'l.c'Ff' (a.!nm{o. tatrt 0n.t..f,c ln this Proclamation. unlcss tirc colttcxt o!hclrtisc r.equi|es:
0||.r, ]rf,l.:
6/ "tu?dnta"1+ "t A:l- hq.h !<.cE:tr, A"I**r"i l/ "lnvcstnrc t" mcans cxpcnditurc ol capiral in cash ur.

of,r t.t('.(..:F,1.? o".A. Ao..A. t|!,r. Qlt4,A in kind or in both bv an invcsk)r.to cstablish il nc\\

A o"ttt;l.i A"?n.{..1.,1. otf,f A"1tiTa 04nr,lt.?. entcrpnsc. or to acquirc. in trltolc or in part- or kr

ll'l'ttkll ,1,t" ll'| !:r:1. ttf,!. lltt,i,hr- f'r.Al,'t cxpand or upgradc an cxililing cntcr.pl.isc;

rlt' t) )' tt, t,tt. 7 trv L

ut

aV'.('cF'b" "?n.?.d,?.(.'.r: I t't:*.n, !:c€:t. rro.i 2/ "Entcrl)risc" ntcans irn un(lcrtaking cslilblisllccl li)l
profit-makin_q:
i:l "t|C*d" "'l A:t- th,tc .lr.h,t o!,r- ?a."t! .t r ,!l
t.,7.'1.4n{:nr.q.i ?n|rnzrt at!,r" f}r?a\.?A.i. 3/ "Capitaf' mcans local or lbrcign cur|cnc1.
tDnrl, i tt.r8i (,/-t. "lhlLE trc1|,ai
r,o41,.? ncgotiahlc instrumant. n.lachincl), ol. c(lLul)n)cnL.

('t4t4:1. Qo4t:r1 fh r-itI: ,r.01,:t, .n,4t:f building. wofking capiral. pfopcft\ r.ighr. inrcllcctuNl
f,r,, ,
propcrt) [ight. or othcr langiblc oI
t\"4 P'LAhh .n?,.p (l\f,q{h ?I',t !.. t.!l:t, ,.D.t illlullsiblc
business asscts:

!!l ".td'o414." "?A:t h.l.f.*.,e o.hT 1r.r'r,d t,,1. 4!, "ltrvcslor" ncans a I)()D)cs(jc {lr l:rrlcrgn rnrcsLor
who has invcstcd capital iD ljthiopia:
.?'l'A ( h'lC rl-r.h,t' a!,f 9fl,."t} .ldr.al.l, ,0).i

!:t "th'rc @of .trlrr.fl+,' ,l-A:t. h.l.t.*.! f/r-h+ "Domcslic Jnveslor" mcans 0nv onc ol lllc
tt't:).A /-2. 4!, lq'Al lbllorving who has in\/cstc(l c.lpital in tjthiopia:

u) h..l-r.* !! tL)t a) nn Dthiopian Nationali

A) ',D.11. 0/".d. r],1..:r.g.r; lL tL.t 9,t ltt h.,lf.rt ,t, D) An llntcrprisc incorpor.atcd irr l.)thiopia Lrnil
oFnf f .l.:{, jt.,,, .(..(.';9,} : wholly owncd by tithiopian Nalional:

nt) oo'1"1r,';r', c) 'l'hc (iovcrnmentj

.'t') t.n"r,,t p :t. gA.?,I, .s..C1..1. f d) a Public lintclprisc:

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4r,2.^ 1:t/,4'2i,"f t+c ?f;t a'2t1.1' l;i +', g:t,11 +.t .\rul t''d 2o)o t)"tic

tt,) h'?q,lltl' rfn(|r, ,lr'? l'l'**.m lir,,ll/-'l' t-1,. A coopcrativc socicty cstablishurl its pct

tlc" rclcvunt Iuwi

"1t
L) h'ttl4r'l- {l^dr. ,h', ot!,,)" h.:t !'h ! tl?.R4',lirr. A |lorcign National ol [urcign lirtcrpris0 trcirLccl

.rdr$h<l'\: trrorv'r:|. .'D,"al. h?4, tr'l(: or.lt.t' as domcstic invcstor as pcr thc fclcvanl lir\\ or

tl^t'll,l' (,i'+ttrl (.b"n h'lc lL2 t|l'r" intcrnxtional lrelrt\ f tiricd b) l:thiL)fi:,:

-{i{:F.}-i

n) tLt, h'|t,A' 1r?0.0-h?'l'ff' ?: t,s^ .t:t. (tt) g) An llntcrprisc incolpomtcd in lithiopia iointly
hnlt z) lt'l'z,,,Ah'l':t' llolttltor'r" o"tirA. {l)/,- bctwccn any ol thc invcslors spccillccl undcl Sub-
afliclc (5) paragraphs (a) to (l) ol lhis Aniclc:
h.l'l'*,( .rl.h'r 94"Xq /'D !1't:A'7't

fi) f,o l?I: (r.al,r1 ll/-t. 4t, ( lt h) A Forcign National or |ercigrl l)nrcrpr.isc accoldcd
h;liih:l-."'1:1.7 ll,l-./D^h.t" 4ll1 f.i' tnt.t llt,.l' a domcstic invcstor invcsgrlc6l pcrmit as pcr lal.s

)'or-En,- lYI,tL 0;t4 n'l'4{. ;t'r"l' aou,L:l- ?h't[ which rvcrc in cllccr rrtcn thc pr:r'mit rlas issuccl

a.i'!: (.l'.'j.t\nt.
.fr.n.r' rtArr,0.?. Il,.'tiih;l-.'"7:l- but lrfiich havo sincc bccn rcpcalcrl ancl conrirrucs

Irt ht.'1r" h.'l.g'A',e s,.tyt ll/-d. 4!', ?A to opcratc in I.lthjopia. pruviclcd thrr tlris.r|plics
only in fcspcct ol in\ cslmcnts that afc opcr.arionul
?oF"t, h't.: tL:t ot!,r- .(.(is"l'i x1.1,,y.
at thc tin1c ol cnactDtcnt ol this l)l.oclil|nalion:

+l n .v tir'l't; 'rt.h-h'r{,t (ti) 1,.('r\ r.a. (fr) H\At i) Dcscclldant ol l lirlci-qn nationul spcciliccl L nrlcr.
h.'1iinl."'1:1.7 ll{..ro ir.t ,rlitt f.;, lt ,t. .,0.h_ Sub-a{iclc (5) pLl|agraph (h) r)t rhis
h'1,1,A' l'1't/,'1714' 9twE1, 7r'rr' tL2 4'/|4N lnt.a
^flicle.
providccl that tlris .!pplics onl\ in fcsl)cct ol'
invcstnrcnts spccilicd in thc salnc Sub-a{iclu:
'.t,/ "?tu.y qnu'lll.' "?A.1. (o,.,8 lt t:).a d,.R h.,1.9.i..s
6/ "Forcign lnycstor" |lrcans an) onc of thc lbilo\!;lr,q
0"7n't4,?. /-d. 4!, ,?1'AI
who has invcslcd lbrcion capital in Urhiopia:
tl !o''"r! h1C tL2r
a) A lrorcign Nationol:
A) tn'."t! h't(! t'z nq^.,.l-l'l- f.l'44-4.01- b) An l-ntclplise in \4rich u l:olcign Nationll has atr
.q.{;F.1.! owncl-5hip st?|kc;

.rt l"l'|'.fo.y. {tnd'tt,). (I'..'D i?(: ?4.**r,,, c) An Entcrprisc incorporatcd outsidc ol Uthiopia b)
.(.(:1..1'! any rnvcslor:

.'b) lltl.t h'r,t,^' 'rrr.h-h'r4'A' (!) LRI.\ 4.1,. (U).i (A) d) An llnlcrpfisc cstablishcd iointl), by anr ol rhc

utl,f' (,h\ ll{'.n'Atl4j.+ d?qrl1(..,l' qnu4.f':f. invcstors spccilicci undcr Sub-articlc (6)
paragrNphs (a). (b) or (c) ofthis Arlir:10: or
//?"1fi16 1124. C.t **.n S:.:El-. of,,/'l
ttr) h,rs. tu"t! qi.O{t:t. o,,+.nc I A.A,I .,"Alt/,! c) An l;thiopian pqfnrancntl)' rcsiding abrtraei ancl

,qtl7'l' ot."t." h,tc 9tr1 lr.'l.f.A..c? lor.l prclcrrin! trcatntcr)t.rs c I ot.|jigo in!csku:
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..t-.,^ 2tLtt ;k.t'c lilt 62t1..1. lii +, ll?i.:i4 ,r.r Fcdcml NcSarir Ctucuc No.28 l"'' ?o20
").4. ^pril
"(a"?ar-+ f A"t+ .R.cF,},' d:1. A, nl f.,. I,/i''A. 7/ "Pnblic lintclprisc- mcans an cntclprisc sh<rl11

i.' D' r,,t t' 4' rt 40,.1.1.1' g.t..r|t .t1.cF.l"ror. ! orvncd by thc govclnrncnt:

ilJ qn+++' a&f "''r?t7tN" ", A:t' n..qzn,l.?' 8/ "Exparrsion" ol "t-lDgrading" nlcans illcfrjilsin!
r,"t.;i.A ?7ttc .(.cF,l.? (7f 1:t- 11t9,9. h,t;\-lNl. in wllumc. by al lcasr 50 pcrccnt ol the ahllinilblc

t.nh.n:l' h4,.r ..e'rh Or.tr .,,,.t. 0.,t ]n', production or scrricc rcndcring capacilr ol irn
cxisting cntcrprisc. or incrcasing in vlrist\ b\ at
ll"14A'l oty,.2" fr4t: .('(;I:,].? hti.h (11 d!:
Ica-st 100 pcrcont b), inulducing nc\\,producrion
't!"ts h.ta.td".l. .,oh6,,r ot'hrm(: lt(n,.,n,.,D(:
or scrvicc lcncicring linc ol aD cxistinc crlcfp,-isc-
Tt:.lrt o !,r" h't?r-tN'1.'l l.('rh t",,t, n.,o.l.
ot itlcrclDcnt by bolh:
tl,ttr.l' t14(-t a!,f' 0rl.A,tl. "149,.t.t
.kniPr\4i\ !

ial "f+hfar-4 7la1c" -t A7' f'c:t., Aulrz:t a !,.)- 9/ "Transfcr of'l'cchuology" mcans thc lritnsl!:f ol-
l,htnt.l:l. r.C.I.t 4-tttt-q: A"1*t-t ur!,,)- systcmatic knorvlcdgc lor thc Inan lilcturc ()l il
tr"l'ti I a 6p,9" ir,t;r.'iA.,?.? A.r"h.ni, !.,t.afr
product. thc applicatiotr or improvcmcnl ol rl
/-a:'rl' .9dot' rlor'.f'.1. a141'1'46r]- i,t', tt.Z. ploccss of lir cndcring sc,r.vicc.
I includinrr
ls,,/,,(: h.; f 'L-rl,,.rr bot-,I,:l- h.r!,.t.f- yt4lf,:t, managamcnt and tcchnical kl]o!r.-ho$ rs \\cil :t\
t.r,:J, .Eh.itr"Err- !,6,!.AAt f,fr b), r,if,? markcting technologics_ but mal noL c\ic d t()
4l1r 11t'"61' ar!,r. A.'Ilu.r:t pr.x,z,'t', -,,r.i.I:t, fansactions involving mcrc salc or lcitsc oi.
h !, ti(t:'rt" a goods;

.I-/ "tt@..L" ',raF2c n+g!,, ?o.y .EcF+ fltT;r.r\ l0/ "Expot.l-Oricntc(l No -c(luity llaso(l i.i)r.cign
oo,lrb 4f,.tz,sr ?o|.!Ac.lo}. 4.41.0c, nIA:t oo.L
linlcrp!.isc Collallornlion'. nleilns :r h!t.ldrc(i
lloD.t. lttrin. 't-t3' jC U4,,(.( l0."t,. g,Ck1.t, pclcent expon<)|icDtcd contl.iictual] irl]ruu|tcDl
hlr'l(.' or.lt.t .lAO4l:1. .)(: 9,,,t,,(Ac,ttr, ?ot.A bet\.vqcn a domcstic invcstor lncl lirrcign
"t'I'fl:l- tf .i t or."f." .q.1-p,r. n rr'r(.. @.nf qn ,0,l: entcrPlisc in which tlrc lirrcign cnrcr|r.rsc
llflo- . utY,t" llhl,.\ ?,.t.A/lro'. ("t-lt,t-lt.:t, providcs. among othcr$. all or somc {)1 lhe
:1, 4l4lt',1.t
!, Ln,!. d. A i lbllorving:

ol hn.r"|n?7 la-,! ,ttl.( -t4:l- |

a) Cuaiantccd cxlcfnal markd acccss:

nd,.",.! ?11'f 9,^t..,'C0. r.rt t.', (1r"Zl. o) l)foduction knorr-horv ol ploducts li)r r\l)orL
^) market;
llf,, !

c) Il\port busitlcss nlirnagcmcnl knotr -horr

.l) (or.at. 'r"lf-. /'t. ftaot,6 ha..l,.l.,
d) Dxport markctirrg krolv-ho\vi
.'t') lllJJ.6p .ttl .t' ? .'.nt nA+ i
c) Stratcgics lbr thc supply ol'r'a\! n.talcfrrrs tno
."1 A.t'.fiu. r-C"1, ll",t.!he.A't, ,r /- b!,/'1. inlclmcdiatc inputs nccdcd lirl erpor.r
h(; ','tl.,.F:t. ,r.l'(:0'1. nA,7. , prooucts:
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Lr,a.^'i2t'1, ) ,"t +.t'c !;t: @-rll..l. ifi +'t (il-ag j.r, l:.dcral Nqjr (;izctto \_o.28 Ap.il ?"'l 20.]0 pntr!

.i.dl "o'rlt-+" "1A:1. |l,,Aa.i. .n'rnl /-:1. ot!',!'' I l/ "Govcrnmcnt" mcilns thc l:cdcfltl (;o\crnmcnl ot

rhA,l ./,n'l.ri.q-(.' 1dr. ! a llcgional Statc Aclnrinistr.ittion:

-i.!./'hA;r' .n!',r"'ftlr\r\ .'"ar'fri{'c"' "?Al. l2l "Rcgior" or "llcgional St:rtc 7\dmitrislr.l[io||"

0h.'1.f.4..? t,. A1,. 4.l, rt.,t"rv.A. !'t 1,' t'.I A.lr irr't- mcflns an), Rcgional St0tc spccillccl unclcf

.m'r.t/D.1. h'r4,r i!;6) r.t.a,Alt4. ,'I'r4. ayri Articlc 47(l) ol-thc (lonstilution ol rhc l;ccic|al
I)cnlocratio Rcpublic ol llthiopia aud inclLrdqs
tf /,\A r\u'? |ht.h hllrt ttt ,l hh.t t',9.(:, ht
Addis Ababa Cily Adtninisrfiltion a d t)ifc
I L'/-t't,l' h.|."'l htr4.tlACT I,LB,!"/.A I
Dawa City n dnrinisrflti(n.r:

.i.i:/ "oc.e" "rn,]- allt.r, hr:A h't,l,lt ilj .rot"a:r.

li,A'lt (4".tr9:/r,,ut (h.:l-l-A.! ? h.'lii h:l'ct"'17' l3l "Boald" means thc Iithiopiatl InVcstulcnl ll(ufd

1l(.'.|x lo,. i
lcestablished undcr Afticlc 3(J ol Lhi:
Pr 0clatra(ion:

i.lil 'h"ZT?" "rd:l' 0rl.r, lr?A h'1.1'A' /4'r; o"o7.'1.

14l "Conrmission" mcans lhc llthiopian Invcstltrcnt
f.'tt (.!'t,IoDt. t h.:l.t.l; ! t.,Iiih:t a,,,t:,.
Conrmission rccstablishcd unclef AI1iclc _t5 ol
^'r
tu"t.'ti', t,tu,
this l)roclamation:

!.i;/ "'t-q%" "1d.1- 0fr.r, h,r,ff h'1,t,1; :ii 0,,u,e:r l5/ "Council" nrcans thc l:cdcral Co\crnn.tenl iln(l
t,.t'*,k.'u (t,At.A .'b.r.t/-:t. hT rtrl.\.t\ Rcgional Statc Adnrinistr.ltions lrrcstrncnl
.'b i,t ri r.C',I. I h.'tii h4. a,tl :t,tal% Council csttrblishcd under nrliclc 44
7 ttr. t ot this
Proclama(ion:

l.!J "haqil ftttr, ?Iw}frtr4aoa+ aah4! $+" "rA1. l6l "Appropriaic Invcstnlcnt Orgilu" rncarrs rhc
h"r-'dr.i 11.7.'61. llot.ttr\f ,r"A.,t., ll.t.lt.tror. Conrmissiou. a li:dcr.al go\ ul]tmcnl hoit\
f 4-9.1,,tt tto.t.'tt-:1. httNi nr!.!" g h.'rlih7,,,,,r 1. cal),in-q oLll lilnctions clclcgat0rl b) ih,r
U'fi. Ao"lttr:l, or!,r. h..I-i h:1.c,",1:t Conrnrissjon. or thc rclcvanl l.cgiolrili sLat!

h,l-ti(t: t-Ar.rt', g.l.h/nf.'. adnrinistrotion bocly ituthorizcd to i:;sLrc

A"I rhaA .r,n.l.ri.e..(..
invcstnrcnl pcr.mits oI irdnrinistc| invr:stnrcrrrs:
lrltri, 1o-,

i::i.l "Sl\1&n+A z'Ch" t..t At'. n ',t th.'tB.hl,t l7l "Industrirl l"rk', shall htvc inc rrrcanrnc
2'ct:t. hI'E .p.tc ii ia.!:qt.e.'fi.i tir.r,^. g.td/ assigncd to it undcr n fliclc 2/lt ol lhc lnduslrial
l.l-(t.nor:r'l. a:4'1, t, !,tla. Parks Proclamatir)n N(). ilS6/2o li:
.t.il "'l"rT o.f' ll.tt', N. p:lt. (,'l-tn&ol. f:.1,t'1, g1y4-.y,1" l8/ nny cxprcssion in thc nlasculinc gcndcr jncludcs

f,,t,tt,f'64.. thc l'cnrininc.

 !.i d.!:fijli https://chilot. nre
Lf./..^ 7.117. :''/,,at ++c !;i 6.atl.:l' ii. +', !ld.!l 1.r' cnzcuc No.?8 Ap,il 2"'l 2010

f. ?t'4,'i-r.7+ dn.dl Scopc ofAprrlication

f,n htt'E ll'2b9.', (lt.til: {:Ar! ,o(:.rua. xq 'l'his l'roclamation shall apply to all in!cstncnts
titrroz:l- /,2.9''.1. ^l
4!" tro,t.g.z.t. h.'liih't../?''1.1,'.1. caficd out in l]thiopia cxccDt to invcstnrcnts iD thc
0n'l.l'(: {ltt.d.r' ,\-,1'9.* f o}r)f |l@l.tv,f,.
prospecting. exploratior'r and dcvcloprncnt ol- nrinc|als

and petrolcum.
h;liihl.a'r.t".l- 4f,'t-e-E"t. f,tf q A*
!. f/-r\q? hAr\
Jurisdiction
li/ ("'t.lt.l-A.l. h.'t7ih.l-a"r.t
"t hA',.rif,,(.' athz?. ift
I/ 'l'hc administration ol'rhc lbllou,jng in\,cstmcnrs
1,,-A.,f, ttA.{ t-C !,or|i-:t,A. t
shall bc undcr thc.iur.isdicrion ol thq Commission:
ll) ao.4. (1.n. A. ll/n,t 't! .lnu.ll'l. (,1.!U

h;Iiih:t.^rt:1, ,
a) Wholl), forcign o\lncd invcslncnl:

A) lflr'lri o,'ltf Af llnt."t' r11111'11.V:7. 11:.rr,

b) Joint intcstncnt madc bv donrcstic lncl
l'l'.e h.'liih:I'a.'1:l' t lbtcign invcstots:

,rr) flrr.U lr.l,,* h'r{'A. g'rtth-h.r.t,A' (l.:) hl,r,r\

4'r' K) hnh (+) llt.Ar'r.tn" (1,t"2:1. h'rA c) Invcstnont ntadc b) a fblcign nttional. nor

9h'IC tt'h+ tl.l'4l:l' tl4.,I'nl, (l'?.ra.r\.(. Ilthiopianb; ofigin. \\,1() is tfcalcd rs ir

h.:l'g'^'.(I tlNtf, to."Ir h'r:. L." g.r.\'|,y,. domcslic invcstor pursuanl k) Afliclc 2(j)
paragrAphs (l) to (i) ol this pr.oclantarion:
ht
h;iii h'1'a"'1:I'a und

.n)sh.'tiih.1..'D't|' a tl:t.itt 0'?.nr0.?. d) In\ cstlncnl rnadc in arcls cljeible 1i)r

t h..|ii h:t, o,,.1 :1. QD hrt l\.,1 tl4l lt Aor. t t- f.t.d inccnlivcs b), ii donrcslic in\,estof Nh,.) i:,
'l' .'ona,( n:f ?.r.tf,. /-a. t".+!:
oD'r.'t /p rcquircd to obtain a busincss liccnsc tionr it,r
.,tl.n trrl. 4A11.?. (h.tc
tD.ht .l^r.0.l. appropriatc l)cdcul Ilod),.
I or-rtf, g, h.,rii h:t o,,', ! :1.

iit ntLtt h't4'A. 'r0.tt-h.r+A. (ii\ (4.f.r't't./r. t,ccr. 2/ Notwithstanding thc pro\ jsions ol sub-a iclc 1l)
llhf C 'Ta.'ri/-Cl. ?r'tr\.?A-.1.: nh,tLtt:l.at, )f,A ol this Aniclc. thc issuancc. rcnc\\,a1. ancnllmcnt.
u?r,"rt,a,.7' 0 !,rn a!,r- "tht.t[[i ",tit-t,8":1. substitution. rcplaccrncnt and canccllatirrlr ol'
)r,lrn"1A-7.: hq nlt oot.t\'ti., h,lt\.r^",?. .D 1^ t )1. 4 !, investmcnt pcrmirs. nnd thc issuancc ol inrcsLnlcnl
A"I.nuIz. 4Au'(1.1. th.??iAl-,/,u7:t' Lrr-- ( t,hlI|:I.l cxpansion or upgracling pclmits ltrr trr rrilrlljpon
|"2f.ht f"7d4'/\, (uDAtttr.t ti./l'4.1t:t' I f.n,,A/..t| sc[vlccs] thc geocrali(r') ol transmission of
hr; ? I\.'riihl'.n'7.1 "rn4.L! ut t',f q..i4 ! t-rg. distribution ofclcctfic po\.\,c[. and thc provisiou oj.

l.'oh,n:l- p.a,:, x'rt 4,9.t" 4.h,l.4rttdr. (h..l.g,rr! communications scNiccs shall bc cafl.icd oril b).

.ir.A hii.?'ti? tt[/-a..tt'ri rh.}'e.*! h.1c7l. thc lithiopian Civil Aviariolr Arlrhoril\- rhc

.tittA.,r.t hq 9h.;l.g.ri ! fh.,".?.lr'if ? ttA/Da.q., ljthiopian lincfg) nUrhofitl,. irn.l rhc Iillriol)iirn
Communications n ulhorit). rcspccli\ cl\ .
lt"l.'17:, ll.,Dutlta .eltfar.f r,t. r:
reprcscrting thc C0mlnission.
 https://citilrit. rne
Lr.z.^ 72/.7. t .at 't.fc 'lix: .-rll.t' ilji +1 (il..lr" i.'- l,cdcral Nqinril (irucllc i{o ?8 txil 2"" :1010

i:l (h. ,c Ait:r\ hif:f'd'1 tlAt"l^,ttl'I, fh.'l'9'*.e 'l'he Ethiopiun Civil Aviation Authofit),. thc l.itlriopiirn

,\.rc{. q{pA.ut? hc fh.'l.r*'! (ltoo.r,lL'n', l;nergy Authority, and thc l)thiopian Comnlunicirtiors
.lAr"A,'l'r'! Authority shall:

tt) ll.l.(tfittl.n. (ot.r,dq pA ,., r'btt,a.7. I ll.!r.21.ot,? a) Submit to thc Comrrrission a cprancrlr icpolt
h,lA.?Ad,t:l'. PL.'DAlt:r tr|:f 0?'t,h:t .t (: rcgarding scfviccs thcl r'cndcrcd throulrh tltcir

Ah"?. 4f 1"e.1,(.'r1.1. i Dclcgalcd l)o\\'cfs:

A) titn.:ci:li', h[,r" A.'"Ag l- 9"'t..eht.A'r' b) Cooldirrarc with tltc (i{)mmission to undcfLijkc

ff .f-"1'.? ^rl,?'"lttl,L'i tla.'f:-th(.' sludics idcntiliing sccto|zrl potcntials. ilnd sc.tof
th;riih:t-.,t",:1. A"l:t n:t Z..EEg,:t 7 gtn 146, spccillc invcsttnc|rt dctclopmcnr stlatcgics- xlld
lf h.'1iih7'.,.'t:t. t.?..A":t ? (?h.t ?otr
t engagc in invcstmcnt pro|notion \,orks.

/!a.9,-,trl hltt,t..Jit. .:)(: 0(,o,,,C8;r- lltt t!i; A,,,

!?/ rhr\A"?" lr.?4,fl .(4rFor. gh:riih:l.ao'r:1. ftnl,! Appropriatc i|vcstnrant Organs ol ltcgjons shtll lr.l\c
0..t:1. dfl.u h.r,t'A. 'rtt h-tir4,A. (n) Lf (ii) jurisdiction to administcr invcsttncnts othcr tl)iln rlrr)sc
trt. a +.1, ot ",p ,(A. h.'r'iih:t ot'r.t';|.., f ",h.t.rth| specified undcr Sub-articlcs ( t) lnd (2) ot rhis At1iule.
/Da.rt', !,.i l.,lr1, A 4
h$rr Aa+ PAt{f l'\\/o
INVt.tS't'M liN't' olt.ntcl.IVIs
? h-liin4a'rt 14-r*T'

E.tlL?iin+ao7+ 141p+ 5. Invastmcnt Ollicctivcs

'l'hc invgstncnt objccrivc oi thc licclcral
liL:l'tl:.? /..r.z^4.g. .\.1trh1,. .?.1: /'r 4t1.t, l)cnrocra{ic
tih;riih:t.ob'rl. .rtd't t..tt.ri htr;t.4. 7q 4,',ty,1:1. Itepublic o1'lithiopia is ro improlc thc Iiving stanrlu|tl ot-

dI llr,..3 d"11. h't&.f.: thc pcoplcs ol'lrthiopit bv r.calizing u rapid. inclusir c unil
.cAro. ('4.h1".,7. lf
sustainablc ccoromic ilnd socirl dc\ clopn)cnl.
nqka'l t h.;I.C.k.('t t Ort.?1,.: AtE."iIifl\ tf.i I hu

particulars ol thc objcctivc includc thc li)llowing;

Y'l.h'l. A.l"t'ttC1,C'{. !,r|]./' LA.-
iil nNg (hr"6l- hh:lr, fr\,,?.l. c6:T. l/ 'l'o thc compctitivcucss of rhc o.tional
enhancc
L'liin:1',nr1:1=7
^,;
fi.'ttg-t,I,h,4.,t'. ('h.tt.;'6t. cconomy by pfoluoling in\,cstmcnts in prorlLrctivc
4. n, B tl 1,1.1r,,'?.nf h(.' i and cnabling scctot.s:

9.1 Ah.'1't'*'!u,?'1 il,, ht ,ta,.:l' l ot !1-4.69.o 2/ l'o crcalc ntorc and bc cr cnrpi0ynrcnt opportrirrirr lirr
tmt':trc ht li.h,tl,4: bt."t'7, r'I..eht-A,tot.', llthiopians and advancc thc translcf ol kno\ lr:tlqc.
f dd'..1"1'r hr,A".?' hf .I'hfA"E 'ti"n.: "1l.l+i skills and tcchnology rccluircd for lhc dcvclopntcnt ol'
tnc countt);
 iiiir.i:fl{ https:l/chilct.me
'lit' t-t.z.a l)/,4- :rt,."t +1,c '!;:!: .'-rll-l ?li .l'r c,.il.r:g 9.t l:cdcrnl Negifit c.zc(u No ?8 r\l,ri! 2"" 1020

i:l ttv"r' ,.c.t ''1.'t hf hlir"lA"'f' ', ll.ro.n'ri y T" t""r*t. l',""1g"
"*l*,tgi"iing,
b,'- cncouragitrg

i,r r,1:f n,rt,:t.h.rf,.6,!"<. ll"t lll:t. , -'r. tlrc cxpan$ion in volLrnc. r,rrict) ancl qualit) ol thc
^t
fi nt."t! ,''rtl4, 't1:Irt o?^A'1,
counlry's c\pofl Irrt.ltrcts.rrrr.l scrr'icus:

il lrot.,! ?or.1ll. {nc.F.I-', 0h'lc' .D.llf ll"?f,/,:I. '['o save lbfcign cxchangc thfough local pfoduction ol

ln."F f/rtl.., o18.r a

import substitutcs:

'l'o augnrcnt thc rolc ol thc pli\'.ltc scctor in llrc

lil tlh',44: (h.hf"?. r\"?'l' ??d\ tLrr'f i't .'t.t
country's cconomio (lc\ clopnlcnt:
"14A-t l
'l'o cxploit and clclclop natutal. culrural. and otIcr
?.1 9h'tt'l:', t'4'1..t'Ct ftlu/d lq AA":1. u.0't'.1'.
,t,4,r" 4!, "??a\ hf "ta"I:t,, fesourccs ol thc counlr):

?J tl'l'A,(9- n.:r.I. A'l4.tt.t- rlor."F hq fh,t(.' or.nf 'l'o ct eatc eln intcglatcd cconorny, bl strcllgthcnin!l

h.'Iii tt:I. -'.t,t',1. t"'lrrtn.,( Ao,.'r,l,ardc tt.?rrrf ,tC intcr-scct(nirl rltd l('rcig|-.lontu,lic in\J:tt)urt
linkagcsl
t 4'4'in h)t'i''t. auq:mt.!

;!:l ("IttllA't: hf thh.lll. 1'll, x 'f-i1i.'t g.'t.lt.l'A. 8/ 'l'o cncoumgc sociilll) ancl cn\ ifonnrc lail\

\t h lttl )-l! hn,l.?A',. ! ttl" 1,. h.'r'ii h:t' aD'r.t \rt responsiblc invcstmcnrs.

", tL!-t'4.!
hst\ fdl+
PAR't'1.tIREu
r,L?h'n+a"?+ a-nhT'r f.Fcf+ gs?,r{. IT AIIEAS OF INVITS'I'M IiNl'. tfottMs ot. ItNl liRt,ttISI:
?tlT)-d aomT AND ()\pt]'Al, ra!toU nUil,l t,tN.r.s

E.? LTiih*a?F aohbT. 6. Arcas oflnvcslmc t

il tltt,x h'r4'A' t.r'A1,t'ta'. h'r3;.f1rt4, t,'.i l/ Subicct to thc provisions ol lhis A|.ticlc. rtn)
4'l'r7,' dr.ro rldU'tl,?. A.h'?: A+'a-er; AoItlltlt4l
invcstor may cngagc in un1, arca or ln\rcstr)rcnl
,lLt n,1,9" Att'rr?, 'l'81-6 tr rfl llh4-t'(: cxccpt wlrcrc it is c()r.ltr.iu ! to laN. n]ofal. publjo
qq,rsr..)i ?h..tiin:rtu'fi. o"hh .m(to|4.1, hcalth or sccr.rity.
r.:ha"
lJ lr""'ttr,l tc 04,781- f,.t.ltt.n'r.. ih?c (r,.n{' 2/ Aleas ol invcstmcnt fclicfvccl lbr.ioint in\,csLtncnl

Q^tr'tt-t:I r.t-hnn., l\f hlr'l(.. o,.trf with thc Covcrnmcnt. l()r don]cstic inr,cslors. and

4^rr'tt.t:1'. ).: lbrjoint invcstn]cnl rr.itlr domcslic invcslors

n+?Fl. l,"t.r$./1. shirlj
bc spccilicr,l by J(cgul.rriorr.
I h;l'ti h:I.tto'l;t .,ohlt?.. c.n(: n9..t4l !,l/ltttt tl.:t
 ilq iI.!: i: lt g htt:rs :/ichilr',1. rne
t"r.4.d 121,7- 2ll,,"t ,l.tc ?;:!: .":ttl.l, iili ,1,', ili.ili i.r' fcdcml Ncunrir (;azcuc \o 2s ,\r)!rl .)"" .102() t,rir.
i:l (ltl'tt h''4'A' ''o'h-li'4'A' (c\ "ut"':l' h "t'lrtl.' Ilxcept tltosc lcsc|r'cd in acco|clance tvith SuLt-

04.1,.t,(: 1,./t.r- ? r,.,rii d:1,.".r4. .n,hlt.l. A!,."," aniclc (2) ol'this Articlc. all arcits ol In\ ostrlrcnL
.tAU,0.t:l', h.r:,J. -elt'f d.:: shall bc opcn to li)fcign in\ cstors.

'lhc lloald Dra!

lt/ lt(:r,. hnl.4?. rt'f' n..(,'t't.D. 0 .u h'14'A. 'tlt.h- rcr'iSc thc list O{ i0\'csLnreDr lLfrits

tir{'A' (t') 7'ti (!:) .'bt"L'1' ti"'t.1n1tr\. spccilicd as pc| SLrb-a|ticlcs (2).rnd (.1) ol rlr;\

I l\; tii tr:t. .,D.r:r . Articlc as it dccDli it nccessarr.

'hl\'.I,., 1!tr.::ttc A.J,,4..aiA
J','l'4/"\:'

1,ha'rap+ 2c n+?E+ s".t-\r.K h-'rnnl.,n1+ Inves(ntonts lin(l0rtll(cn,rointly N,illt rhc

Govcrnmcnl
h'tr. h"ttl4ll.l: la"r"t/-:l' ( A,'l+- s-.c:A.t 1. !,t).
'l-hc Public ljntcrpfiscs Iloiciirg
ancl Adnrinislfirlion
h'i hh.l'4 f.C h,E'rt\. u, !',r" ll.'D'r,'t t-l- lq f.?A
ngcncy of an itutltofir\ stiltutoril\ nttndatrd io
|lcTt hit(it:t. {."t.rt.n. .t tlq-rr.t:t.'1 dq M.Ar-
inrplcmcnl proiects cstirblishc(l br rr,ar ol pLrblic-
ll7t,t t,,t\,,tt'l (.t hnor. .1,fi,2, "'l.r4t .|r-,)" ?.tA
plivatc?artDcrshiP. irs irppr.o;.Iiatc. shall r.t,ccirc
tl[U4l:I. h.'t',,,'t/-:t. )c n+'r?.r:t. ih..rith:ra,,,r:r
investmcnt proposals subl])itlcci b,r lnr fr.ir ute
aoh\r A.'DI'I2-:l- P?-f ,l,c/l.,r-., rTe f.h:t. 441
invcslof intcllcling to in!csl ioinll) \\ iLlr thr
.s'l'114.\:,1"1(1.t.). .lAoF .h., 9.1../]DAlr,t. ?h4.aLt (]ovornmcnt: i1 shailti)llo\\ proccclurcs cstablrshcd
r.f..t".11 n.n'lr.I-ar. lrl,cn .phdrnqr\, h.t.t,.g.r,, undcr thc pcrtincDt htvs litr clecision. rnd. uporl
(14{r:(::t' .t.,\/.t, t,^t"rt lot. y1tr"'1:y R.C:e+-
h'1!..(r(r. apploval. dcsignalc a l)Lrbljc Ijntcl.prisc or cstairlish l
0 t,y- ('t'c kttl. h.tt',,9 lir ti,.,!+*r" .eAc2atl proicct collDany to inr,cst irs pilftncr. in lhc ioint
Invcstmont,
;d.
laor|rrs of linlct.pt.isc tbr' (jnrr\-ing oui Invcsl nir.xis
!;. / t,.' tii ntl.."'7 ty h.?.h.t.n..?. .(..(;je.:.r..I. h., Alt a.
l/ Invcstmcnts nrar. bc car.r.iccl odt jn ona ul Lllr
n.lrt.(i J,,:l'.4A r
lbllo\\'ing I.)ltcrpriscs:
tr) 1l"rAn4l.
a) Solc propfictofshipi
n) lr-l'f'r,-.e nt.ht .D!,l,., (r4! lr.lC fi.t.*,):,n'
'('("r'?' '
b) liltcfprisc cstablisltc(l ir lltltioj)iil of irl)rourl:
tl) h'lrl4l rlrlor. ;h"t rn'r" /-:1. tl.t'**a,
c) Pulllic l-ltltcrl)risc estiil)li\hccr rn lrcr()tiltijtLe
tao,t.t /-,1. ra"?1. -r...a:l'.l.!
\.!ith thc rolcVant lt\\:
ttt) h,'ttl4l rf n nF .h-? .'.,t"4:1. ll,t **.,o I n4l4.l.
tna. t'ltt(la:.' d) Coopcmlivc socictr lirncu rr accor.oilncc
rr,ith thc rclcvanl lau.
!.1 tlt.n h'14'r,' 'to.h-rir4'x' (i) 4r, fi.I't'"itt t::1.
g.('(.'Fl. !,r.t'.|. ?",t.tr|!: .'r'r:1t o.rs
,r
2/ Any inVcslrrcnt mrde in thc lbrnrs p|csclibcrl LLnrlcr.

Sub-articlc (l) ol lhis Alriclc shall bc r.cgisrelctl in

t\.'rif d:ra''r:t. tth.+-rh ! r'r,'t!1. /1.-t t,!t)"
accordancc with tllc ( ()rr],nefcilll (itrclc ol lrtlriopiu
lr.?1l,lf 4Anr. tL4 ;h-t .,Dt,,l:1. .,b.,o.tl,r,ll h1rll:l,,, or othcr tppljcablc lil\\.
 .aii n.i:!'.ti:
l)47- 2tt,t .tr.c ,lii: -211..1. i'i
https://chilci.m"
.1.'t ftf,:t:q
,,,',
/,.!.2-d l.t l,cdcnl NcBa C.zct|c Na :tt .^t',,1 1"":20..,0 pqrc

i:/ "1'r1'fl.r" o.nt! h,tc 't.44r,rs h..?.f-*..r n,.n? 3/ Any cntcrplisc rcgistcrcd irr lithiopir having bccn

l.l'aDtl't(l .('(:F'1' 0tr.,l'r*',e I't'lJi' tf'r cstablishcd abnracl shall bc govcrnctl b1 llrc

f: (: A't'.I.', ll,"t..'"Alr.l: AA.':f. ,Il:l'. J,,,I|A!:

^.; Commcrcial (lodc ol lirhiopid and orhcr ll\\s
applicablc to cntcrpriscs-

-ij. be{' .lat {l+ f"z.rnf+ ?|+d.f rh'E.r-rr a.m? 9. Minimum Cani(al licq iromc (s lbr I.br.ci!!rl
lnvcstors

f.l ,'.l.r?,toqi l,d,."tD rlnU,0,l. lltt,t, h.p?i u"tt,t:1.

l/ Any forcign invcstor. lo bc allorvcd t() invcst u clcr
llh.'iitnl.."'t:t. o"hit Am6rtT r-;r. Ah?-(' this lttoclanation. shall bc r.cciuir.cd 10 illiocillc i
( h..Iiih:t.a"-I:r. .t.crh.l. h F.r.d. (rr.n.'r au.t 'tt.[\ minimunr capiral ot'tJSl) 200.0(X).00 1r$o lrurrdr.ci.l
(h6l,1,tt'I t44(: .(4'rA ,lt:)'A o,'(','&41 h lll., thousand) lilr a singlc invcstltlcltt pl.oicct.

!!.1 r .i h't4'A' 'rtt.h-h'rt,A. (fi\ K.r.2.t, n..i(..,,. hh'l(.'

2/ Notwirhstunding thc pfo!ision ol'Sub-a[i0lc (l ) ol
.l,.n{ rfnrr,0'1. .?(: 0.1,?I:,1' !lh.'riih:1..'n'r:l- 4f,
this nniclc. thc mininrum clpilill rcquirccl ol l
f'I.Atl(- (a."t' 4nu.ll,l. t-t..tr(4'ot. 1t+.t.?,.
lbrcign invcstor. jointll invcsting with &)ntcstic
('rr',:jJ./.\ a".\', iI:id,(Iir!.. .'t'.t Ur-4 A'.r,)
investor shall bc' tlSl) 150.000.{)0 (onc hulrdrcd
( h"?,(lfi P.^C !,f .i A, li lty thoLrsand).

it/ r.n h't.rr: 7o.h-h'14,A' (d) I.'i c,r'

!',., ).L 3/ Notwithstanding thc l)fovisiorl ol sub- fticl0 (l) oj.
tf i(..tr,t.hrF(.. u,!,r" /]'A;rE7t r-t /_t.r,,,"t a,!,t this Articlc, thc mininronl crpil.al rcquilccl ol a lirr.cign
.I-tt"?'f. t.Er,I.t, "?"thc h?a"rA.l.; I.bttr.t, lnvcstol. luvcsting in tfchjtcctLlriLl or cnginccrinu
,n(:.'t'/,. :t.t,t,; 6y,9- ih4!r,1.1:1. /-t. r\otks or rclalc,l LcchDical coltsultilrrcr scrr iccs
(-t_A"l4.^tlo.n! .lnU'fl,?. ?,.t.,ntl'tt.,tr+.1,7 tcchnical tcsting ancl arralysis of jn publishjn!l \\{jfks

(tt.t:r,A .'o.tr'l l shall bc:

rr) ll.fq.nr\ rttr'? f ?f. (h', S: aDt 'fi.) h..r,tt, a) USD 100.000.00 (onc hundr.cd tholrsand) il rlru
A4(:. invcstmcnl is nradc on his orrrr:

A) lr?r't{i d,.atf 4rlu'0,?. )c n+.rF:|. v., t'fr, b) USI) 50.000.00 (fili),rhousand) il rtrc invcsrnrcnl
(rrr"4 i1.) hu?.ztt', P.4c !"txiar is nradc.iointl) wirh il doncsrrc rnvcstur._

lil (l[,t h'r,l,A. ti't.0,,Arr4-o,. .tt+4.T ?a"r'ti ,n:!.A

4/ -l'hc minimunr capital roquifcllrcnt undcr lhjs
g.!o.n' A4t -t Kt. n.,t,lt.t- A.l. rl^U.lt.f.'.1'. 4 !. .t:t.Lr. ArLicl0
shall not apply to:
h!,rf'r,)'.
U) h'r4(.' g,',t.!.t'f o.', l.r:ii .ttf,f' a) l:orcign invcst(n rc-invclljDei his pr()jils
^.'riih:l-('o't.t: ot.
f,l.(.'.r: .f..CT n"I'rT ur i -6t! 4du4t,?. diviclcnds gcncratcd liom his cxisrjng cnterl)risc
ll4.Ll,g, ,'"1171 . 'A.i /,(,. 4!, !'!.!ar4 yr1y"1, in any invcslnlcnt ilrca ol)cn iirr. lor.cien
4AU.0.l.i tn\/cslol-s;
 !. i{h. !::!!! httl'rs://chilot. n ie
': A.tt.A l.t/,:t- ),at +1,c lii a.1 ..1. ili +:l t?t..,.t .r.r r;cdcril \cArn (;.zcnc No 28 Atnl 2n(i 202{)

Al :\41,,'t4: (.l.othl 9"lA q'lll(: otg. htth!.', b) Pcrsons clcclcd as ncmbcfs ol' board ol'
"?1rf(i rlAdf f Alrhif.? "l1ll<. 4 9,Ltt'i,(:'.I. 9
dircctols ltrllorving lhc chitr)!c ol a pr.irlrc
limitcd conpanl. lo shatc compln\:itnd
0aj.q. h.t,\'rl' l',,t-aDLnr. 9An0',1'. t lf

.tt\ ?ot..t:'4^u'll,l. .'".n. .e..(.'$'l-? a !,'r9- nkcfr'l: c) A forcign invcstor blr),iu-q thc cntifcl), ol irn

existing cntcrprisc 0unctl br .r t0rci{lt iD\'(\ror

flrat.'I 61111.9"1 al.',-A.r" t't llltl.A lnl-,ltl
nt! tl[tr.tl:I' * or thc sharcs thcrcill.
Ynt

i:/ "1'rTa.f' la.nt! .lnt.0'1. oA lr1(.' n.h,r

5/ Any lb|cign invcstor bringing invs516gn1 capiral inLo rhc
.(h,ltlor.', f l\.'riih;l.ov't,1. tt r:l.A nr\., !: j.-1.
countly shall havc sucl.t capit l fcgislcrc(l l)\ thu
?.t1, d,-atf lr'?4,(f rlr\or. ?h.'riih:t .n,r:1. ('t'h/,!
appropriate invcsl.mcnl organ with in onc vclu aud obtuit) il
tL,7' n",thun.1y1.11 tirhr : .t,t,F:|. a,!1t ccrtilicatc ('1' lcgistmtioD. lhc rppfopfialc invcstlllcnl
!,'i(:(l:t.AI h.ltl4l,?Arn li;,]..'r'ih1..,,.,:t aDhL! organ shall scnd a copy ol'tl.tc ocdillcatc to thc Nrtio dl
0,'1. ArfAr,'tt't: (^t.tun .', ?r-fittc 0a4,:t, +4, llank oflithiopia.
Al\.'1'g'^' -e'il..tn6..P 1l'rl, J',Att..'l
hSrr ha'I
? h-?'dh+a.1+ t UK PAt{'t trolJR
i.fh.?-d0+az?+ J.t.e hne4"t+ lf hdtnrf tNVESl.M tiN.l. PlittMl.t.
10. llcouircmcnl and lssu:tncc of lnycstlncnt lrcr it
ii/ (or.h4.A.:f .fnrr,1t,f.:l'. tit\.'riih:r(2"r:t- 4.rS:
l/ 'l'hc following invcslors
shall bc rcquircd lo oblllin
.?hl.a)rlt.l'A:.
invcslmcnt pcrmits:

0J (ot."17' (tAU4t.f,T. a

a) Forcign invcsrors:
0 n4,7N:1. llh:tiinl-,n 't:t 4!, ?ut.tt"'r+ rti'tc
(||.nf 7lf I'nt..t" t nr,rro.'.r.t b) Do'ncslic and lbrcign iuvcsk)rs invcsling joilll):

nt) tltl,tt |LPE lir{'8i .q 'r0.h-h'r.Fr (/r) l,.Rr\

c) Invcstors inr csting us JorrcsLic inr.erlol.l, pur\I,It
.t'1,- (.). (4', t't a,Alt t: h'r(
@)1 (fi)
^.;{l Atr' l. to n fliclc 2 Sub-arriclc (5) pangraphs (t). ({).
h'lC nrn{' ll.^,,1,.nC
(h) .rnd (i) ot this lrr.oclamation:
tlh;rii ht. ob'r :l' P,t.tt 2+ q\U4t.t-it. l

l'\ th.'riih.l.o"'r.7. "1n/.:).1! c) Domcstic inveslor.s who. invcsting in arcas

0,"r.n+fi:t
? h;riih.1-."'l:r' n"hh ti.r.nuzi. hf eligiblc for inccutives. scek to be
beneficiaries ol'such incentives; and
l'd'lll1!':ttat. 'l'mr,^t (rDt', (.t,t"tt t. Ih.lC
d,.nf rlArr'tt.f':f. ! lf
 ila r.i,'; httPs.l/chil,rt , re
Lt'.!,.i \)1,:t ttt"t ++c !i!: .hrll.t'iti 4", fii.:iE 5.t' l:.dcftl i\icufu.r (irzcfic No rll ,\t,nr 2"" 1r,:l{)

i) Y'lh4.l,.tt ot l,t" ! h.'riitr:t'o"'r:r' "11V,Y: An irvcstof sccking to cxpand of upgradc rn

f ",/.1.r\., 4nt4t.?. t $' h;riih:l..',"r,1:,'7 ll L). t)l cxisling invcstrrrcrrt. l)ro\idcd thilt lhc ir)\ustrncIt

n.?.nrol. o"hlt a.tt,r ?1(|f:+ htft hq is cligiblc lbr inccntivcs and {hc invcslof sccks 10

', bc bcncliciarl' ol such inccDtivcs.

tl Alr.ll4t alt'l ll L )' )t.tt'l' m :lhof. A.mlf ll.'D Ztrr t

r .o h'r4,'/i 'rth-h'r+A' (a) l,AA 4-r. (.hl 3-'r 2?. No(\vithstanding thc Prr^,ision ol Sub-urticlc ( l)
ll.,itl|., h'tA (h'tc {Fnf rl.\rr'0.?' l'.t-.l,nz paragmph (c) ol this ArLiclc..t li)rci-!.:11 uittiondi ol'
al.J.o'.^.(' h.l'P. *'.?,1: tiaf, I dt.ot:, tL:) llthiopian origin lrcatccl ls a clomcstic inlcstrrr shall
(h.'Iiinl-.-'1:y "1111^).itt lln?f,Ain.,I,.t at!,r- havc the righl (o invcst \vithout acqu;rinu inlcstnlcnt

"'lllL:t'rt: f"r.A^ror. fi.tf'rt" u'ttlL!.71 (ulot'|7- pcrnit in crcils not L.ligil.lc li,r inccrrrircs. or. in.rrc.rs
.,o4l.lit it'o.l'o'. .e AA;lii h.1, ao'14, e.!!: cligiblc fof inccntivcs. b| $aiYing his right to clainr
rnccntil,cs.
h.'rIih:t'.'D'11' 4t. A.Aq 6 !,11.4A|,.

i:l o .t, h'r{,^' 'tar.h-^'t4't ([) t,'t-Ar?'lor. 0..;'(jf'l Notwithstanding thc pro\ iliion ol SLrb-afliclc (t) ot lhifr
lrf (: .s..(:Fl. ?.ft't" (tAn,',f tt'bl. A@ttrf,!,- 0&r A[iclc. a l'ofcign invcs()r sccking to bu) irn c\istinlt
9trf (: .s..(.'r,l.t hltht', Ar"-ttt,l. (d,l.t.d.t to'..,n cnlcrplisc in ordcr k) opcratc it in its ct]|r.cnt stittc {)f to
tl.lu4l:I. !.8.t.'' dltdt.'dl. nor4'L,I lt+ !,-,,1..(
,t buy $harcs ol an cxistinu cnrafpfisc shall obtlin pr.ior.
t.:b !: ol'l'1.\' JlfC(|y'.A r: lt,^t.'11. g.l'm('4'ot.', approval liotn thc (lonrntjssiurr. I'hc (jonrnrission sitirll

l.!L' .e Nl4'. , 'tl,?,]' d.hnhr\ ot',r A..e 1!, not dcny of (lcla), thc appr.olal souahl \\.irl\)LtL sulljcicnl

l\!;'I.ar\',' cause.

!i/ ,'?'t/f 0.r .lAu'0'l' 0"?f:l;d,.t" ,t.tL ! h.l(: t.h,t,

No invcstor mi|y. t in) timc. hold dontcstic and ti)r.ci!:rl
At (ot.nt!, rlnu,ll,?, rh.??fn l-.,.,.r:r L.* r..ii,
ir1\,cstor perrnits simulLancouslr
n r(- 4r, i.t"1t h!"I.Ar",'
.

:{fi. rh.?h'n+a'?jl' d.t.S l.F4l- I l. llcncwal of Invcslntcnt Pcrmit

i./ tt ;tiin:r,,tt:t' l.!!. ttA',lt.h ,.a:4i, n, f,,)- l/ An invcstmcnt pcl]rit shirll bc rcnc$,cd a,rnuilh
lr,lr\?A".F? A'rlt.( "? 4' e4l Ahlt"'t.Ar. cI:I. I.tL until thc invcstor c()lnl).tcnccs mar.l<ctirrg his
t'Lh llf h.',''1, .'n:).Rh h...ll:r." t'r-t!: t-t. products ot scrviccs. -l'hcrc shall bc no necd lbr.
t.!t. ltatttt nA4 t h,.riih:r...,.r1. t.! f,. rcncrval ol invcstlncnt pcltDit alicf issuilncc ol
businqss liccnsc.
rn, ). Ah h ft.i Clt:t. ro,..

9.1 f h.'riih:l''' ,'rl' Lr.(' h.(.4.?. .r -e.E &rs,. 2/ nn application lirr. r.cncu,al ol invcs0ncnt Icfnil
shall bc submitcd nithirr onc nlt)nth ?rlicr tllc cnd
9"'t..e't['lNn.l' ?h'll': hob'|. ?tt, tl^.l' 0h?.q'
ol'a pcliod ol'onc .-cilf li)| whiclr thc pcrntir \.ils
0f (.' tlf, .tFnt .''+441 hl.Il:l'!
valid.
 .iii ir. i:f:i il https://chilt-,t. tne
Lt t-A 7)r:t. )n,q 4ytc ,ii @)ijt- $i +7 !fr.:aE 1., Netanr (;nrcuc No ?8 ,\t"il :1"' ltrzo !nir.
.tt'rTt..)\, qAd,{tl. th.??ffi.l.rz"?i. t.us: nn invcstm€nt pcflrit shall bc rclokcd il irn

h(D.'f .R. .l. ?tL HrC th.'rlih:I.zo't:t' invcslot lails to conlrllcnce implcmcnt0tior'l ol lris

1'c,rh4,? :1.' 14. 4!,8 "C rr.A.l. r1a*7' projact within h\o )'cl[s ol bcing issuccl thc

lttl.ot, at!,f 9l..'tiin:t'."'I:f 1'(tfh.l. pcrmit or has dclal,cd thc conPlction ol Lhc
:l''t!l/,'.tt.', A"?nr${,:} h'tt4l lrn ar. projcct by t\() vcars lioln thc tinrc that \\ill bc
agrccd with thc uppr'opfiatc i'rvcstncnl org|n.
rth-'rii n.1.."', :l' ." ht t O,:l' ) c lt''t.h,'l "1 ll:1.
't.tL 0rr.A,?' tloo:|. tu,,'rf I h;riih:t..n'7:1.
1,.-+8. I,ALtta't

il f .rt h'It,K 'rtt.h-h'r4,r; (i:) s.", )'t, i.ti'cr- 4/ Notwithstanding thc plovision oi SLrb-il(iclc ( i ) ot

h"ltl4l .? ttnt, h.'riih'7'.'t"r;l' nha,.t'

g
O,:l' this n iclc. thc appropriarc invcstmcnr orsan rDa\
.fAU'll'F g1'{1rh,l- :I-- lZ.av'' A.T:I"C titf.t- renc\v the invcstmcllt pcrmit il it is conr,inccc_l ol'
n..earT{,.1, .eAltAu\. tlll,E f'lr'r.(;t' ("'tfl.', thc cxislcnce ol sulilcicnt causc prontpting dclay
tt/D\ll,l. t. !' t/i. !, !. ArrA in lhc commcnccmctrt or cotnplcljon ol thc projcct.
"
'I-e-. o4?aa 4r. ?"2t7 ?Iw27ih+a.'t:1. 'teEh| 12. 'Iransfcr ot lnycslmont I'roicct [Jn(lcr
d?0+.lt\$ lmDlcmcntati0n

l"r"tt. /-t- t.U t.

lt"Iay..n: It,.1. 1t.1,- 11,. 4f, Any invcstor- wishing to lfilnslijr lo itnolhcr- ltvc:\Lor. il
r.r.1l ? h.'riih:t- ('o', :t' 1' c'Ah.l., ntu4 qnu.0,?. projcct \,1'tich is il.t implcmcntatiolt phasc an(l lbf
"?h'l'44.r: (^t.l,.A"t t'1', ?f or.yp q Nt.Il:|. .t.? 4to'.., which no busincss liccnsc ltas bccn issuc(l sh.rll

h"lrl4l 4ior. ( ,'.'riiht'""'l:f .','ht,.r 0,1' submit hi. ruclucsl t(r thc upfro|r.iJtc irrr csg11.,111 .,--.,,,
lt"?7,a4l "nrt.4,s.. J,,<i'cfi:), d * h,,ttl4l !dt and obtain thc approlnl such organ. 'l hu itpl)fopfinic

(h.'riitr:t ao'l:t. .4'ht! n:f ?4..tr(+o4 B.g !r: invcslmcnt olgan shall not clcny ol ciclay thc approvei
sought \\'ithout sullicicnt caUsc. Iltc rjerrrilcrl
.( All4. 9h r.dt. tl.h^tta a!,r" A..( .t!,
conditions ncssarv to Ii)c thc implcm0ntdtion oi tllis
h!,T'tty'., A ,u RJr2?, ht.'tor tor.nt.A'r.
provisioDs shall bc spccilicd b1, a l)ir.ccrivc to
'tltittt: n.Lt.2'1. lr"t.'ll. tl.,t..(.ty!t!. nit,4.v bc
cnacted by a Comnt ission.
,(,.drAtA.,'

!t. ?h.77in+dp7+ &rr', oytf:. 6P,r o"d4'tl

13. Suspcnsion or llcvocnlion ol lnvcstntcnt l)rrnrit
6./'2'If tr" tltttt4l:l. t
l/ 'fhc invcstntcnt pcfnrit ol- dn in!csl(n. shilll bc

rl) lr?Q'(l .9Aot' ?h.'riih:l'.'u'r:l' r'"hL.( suspcndcd il thc invcstot.:

O,+.

0tLf , ,f ?F 'n"'e:I' ?41.n!.'I'ar'1 cmlH a) Fails to submit accur.atc and 1imcll inli)rntrtion

ut l',t" (t'C[tt+ hl.^ r- tZ'C:t tl+-tt tA or pro.iccl inlpl0mcnLation fcport rcclLrcsrcd b),

llar.l-l: 1A4't tli at!,f t', 4lN tt !,r- thc appropriatc invostnc|t ofgan pur$ualrl 10 lliis
'rf Ptocldn'tation. or intcnrionall), r.rr. rrcgligcntll
0,f:.\.1'T'r,?. ?4.44't- Lr C:t- lrt, Ztl.-
prclicnls incorrcct f cporl:
 igil.l: !:''.. https://chilot. ma
Lr./,.A r:t/,7. npt {t,Tc 't;!! a'2t1.:1, ti .1", llti,:ig e.r' licdcml Ncunri! C.Allo N*o 2! Dnl 2tr'l ?010 .frr!
i) ?h;riih:t'-"r1' t.:t't'-', a!.r' (t i'l: b) Obtains tlrc invcstntent pclnit ol scculcs its

l,!1'4:l't ,e't'f o* ll.'1!'At1 111y,,)u 9,1'1t71' rcncwal fi'audulcntl), or b1 submitting a lils.'

.'uzf, 0 !,ro ,'."|i",t, ll"l+Z'tl t\f7: inlin malion or stiltcmcnt:

c) Uscs the invcstnrcnt ltcrntit incontpatibly rrith

,tr\ ?h.'Iiih:I'ao'l'l. t.Utt.1 h.t.n(no'1. .,4.,?
thc obicc{ivc lbr rrtich ir rvas issLrcci:
o."tD h,t"tn?40.1.l

."l .e in,P. rlft.e,\. lth9'H hq nh.pa. o.,u,dr d) Fails- $ithout good causc. tu rcnclr, lhc pcr-tnil

lltrm 4f, tl.l.','Alt'l-n .

A'rlr:4. oou,/:!. in accordancc with thc rcquircmcnts spt'cillcd
in this ItroclatD|tion and rcgulations issuccl
? h;tii h'1. tnt,l. tj"q.,, 7t44e.i,
hcrcundcr;

,,,1 t"l'Crlt,]' :r.'tll/. 49".: 0,1.t, ,r.l,,A ,r?.r'n. g) Commcnccs pr'oicct implcncrtalion bul lilils 1r)

.i.6. 't.t.h-h'r4'?i (i:) fi't.At1'tt. g.t.tl 'ra4l conplctc stmc \\,ithin thc timc limit 1t|or ielcJ
tr4.of.l,.t, 19 't'crlr.rfi d.,?rnf:l':t' undcr rticlc li Sub- rriclc (j) ol rhjs

A,, Ad, !,..I.Ars lt!.o"rt Ltf,y. Proclamation ancl rvhcrc it is bclicvcd thl]r rhc
projcct will not bc contplctcd al l: or
1) l^r', hIEi llh?Vl. aott'Z:t ?(/nr. A'rtr+
1) Violalcs thc pr.ot,isions of this pl.{)ctnnlauon. of
.'Da4.e y''.1. !i.r p.t r'rt.', ^.;
!,t- rLA"'l'. ar
Rcgulations and l)ifcctivcs issucd to inrPlcrrcnl
i-r4.0t.1. .(4t110t. ''il.l+ hd.4dL r
this Proclamation. or othcf l)cl1incnt l,a\\,s.
I h.,rit h:r.oD'i I. t.rri. !,:)-t4A!l

lil rr,;riin1-?."'r;t' ti'&. t)-ts[:t. q^U,lt.?. 2l nn invcstor utosc pcrmit is sLrsltcndccl shlll bc
Ab.t tl or. .t"t f ,.? :1. (rf 0r., 7
.r.
4 !, tr?,ri.,slt,t.htt/\ gtvcn onc ycar to takc coft.ccli\/c ficasurcs.
th'tl: 'ra":l. ?tL f,d.ntl'.,\:,

i:/ "1'I7itn Y" tlArt4t.l.: - 3/ 'l'hc invcstmcnl pcrnril ol' an juvcslu- shirJI
bc
rcvokcd il tlrc invcstof:
r,) r .r, h'r+K j'.i 'ro.n_Nr,t"/; (i.) t.?:tz
'l.t,F
ft nrt'rt,A. !:6 'r0.h-I{r,l,r (:,) a) Subiect to rhc I)r.ovisioD ol A11iclc ll Sub-
^'rL.l..ntt+
lf4'.R.1'f1.D. (1.1L ,tg{l n'.i.t ( h.'riinl. r'o'r l. afliclc (4) ol' ll.ris l)r.ochrratioD. iljls ltl
commcnce invcstmcDl l)rojcci inplcficntattion
:l--10/,. tteln. ,ti
as pcr n rticlc I I Sub-lfriclc (j) ol'snmc:
A) Alr.?h'd,1.r.,?,1. 1,.:r e,. h.ttt, f'rt? !:l' yrftn.., b) Irails to rcclili' thc issuc th0l causiJ(l Urf
'r.tlf, t|.1..1.I(''. ?[, .rr.n1' h4n.l.\hA i tiuspcnsi()n ol-tl)c invcslnrcnt lcrnlit \illiijr ihc
timc givcn to hinr:
d') f l\-'rn"f o,,'tl' ./" 1,ru.', ltt.i,rt. lt,l.ar1
f,r" ut
c) Volunt.uil), lbr.sakcs his inlcstmcnr acrn.rrr: <tl
.") 4'1.4-t.1;l' \Atn ,1r-, tmtt, a,:1. gi'llm.:t'
tl Oe !.':!: 2'r't. lt!-l,A417,Il. .r4dq. o.nr!" rr.l,i
d) Misuscs ol illcgall_v lr.anslcrs to I thjld-pirfl\
,9f hAr", nt.l:, nrL4 lttry ttn,l.4nl. rnvcstmcnt Inccnti\.cs grantcd purstHnt lo thc
I h;riih:t..,b'r.I. t..+ r,. !.Ai'ttA.:I Pct1iltcnt l,a\\,s;
 rr il ii !l:i:ij htips:l/chilot.rr ie
Ltz.A't:'/,4. .a[q ++c ,'t' .".rrt.l. ?li t"t (?t.!t 9.r l:cdcral NcSdir (irrurc \o ?$ ,\rnl ?"'l :020
h"lq4l lAot. 9h.'rith:l-.rn't\. abht,! I:t. n .tt 4/ 'l'hc appropliatc in\'csln]cnt orgun slriill noLil\ lh0
h'r,l'A' oDU'L1. li"!.o|'hg/4t', Ih.,liih:1.,t'll. lcvocatiolr Dlcasurc it tirkcs in accordilncc \\'ith Lhis
z.!t. rc'Dhz1t 6oTrnAlt!.,ltor. h1r4.7. A iclc to 0ll conccrncd bodics. tjfon [c\,()ci]tion ot'
fl'n. l\.tt.)'Ax ^r,r"'4 h;iif h:l' a"'11. L:r!:
{l invcstmcnt pclmit, the invcstor. shall inrmcdiatclr lttsc

t4'n/. l' t'tll'o4l:t. a-r.o,, h.t.nLt,0l' 4,., 8 ".,: entitlcmenl to all bcnclirs.

h..1, 1 1 f \ Il (.1 -,1' 4' r,' o.9. ! ty 1, .e* (.,t'lt !' A tl

i:l l.:r,t.l.t.hL ll:1. ,tnrr.ll,?. (ut(rq,litn'l

5/ An invcstor rr'hosc invcstntcnt pcl.nlit is rc\1)l(c(l silllll
rh..riih:t.,,'r.1, "1nz).:tt,\. noo,A. t.g,ri.
rcturnall invcstmcnt inccntivcs hc rcccir cd to ilrc
lrl.i.nlll. l,', E.C 0h?.(r d,(.. ?.tt, d'.n1. Ministty ol l{cvenucs. thc I.)thiopian (.usLonrs
Ah.'l'9'*'.P 'ttl.2' + "'t.r.h.E[i dh.l.9.A-.? ?.r.{.h Commission. thc Ministr,\, ol' lrin ncc tnd othcf
h"?.ii?t A'l?11,0 "\'t h,l;C ht ,r.?1l,tlt,l. 44tl:fl,. pedincnt organs lvithin onc nlonth ol'thc rcvocation
,LN+ hh4.]. !',.n'nrtA..,
I l\.'riih:l. o'r:1. t.j,f: &!tt.', ttr1.nor. l.?.14t
6/ n investrrcnt pclmit shall orl! be suspcn([(] {)r
,(Ai,'. 9h.'riih:t.oo'r:t.,/.ha.? 0j. o,.",r 0tu4 rcvoked b1, thc appropri.tlc in!eslmcnl ofgiltr I ltilL
"|'rTa-r- ih.,\ d.,..,.'t.e.. o!,r A.dt issucd thc pcnnit.
l\.e"'t Ar',.,

Ih.'liih:I.r'"'I1' t.i'8. (4.ttz nI, t o,..,,D rtAu,lt,l.

7/ A lorcign lnvcslor \\tosc invcslmenr pcrntit is fc\(,kcd
/-:t'$- lt't AZ ll:1. .t", t,tJ.,fa: lt ,l4,rn| ll\.t !:
may not bc issucd a nc\\. in\ csttnent pcrntit bcli)rc llt!
,r.,D;|. 't,tl t,:,, hti.h I h..tiin1,-".7:y 4.9*. lapsc ofonc ycar si:rcc thc dirtc ol thc fcrr0llion.
"I0-nt:1. h.?,ri,df ..

r;l ll .r, lit't'A' .'D," 1::r' l,"t.at|1. hh4..ti a6r. 8/ Administrativc mcasurcs tirkcn uncler. Lhis rfLicl(: shJ ll
ob41,2,1. ?at:rq{ .1.ut.t',1,.14.1 hlh,l +r. t not allcct (hc right ol (hc (jovcrnnrcnr lo h ng.i
criminal aclion.

!:.!!. arc+ ?d1Ee2 h$ ?,'o+qnc a'.l/,. 14. l)utv lo RcDort and Coorrer tr
tlh.'liihl', rt:r Lj'y.. .(lu t "ylTo.r q6n.11:1,. Any invcstor $,lto is issLrccj an invcslmcnt pcrrnit shallr

!i/ h[h.'r-ih:t..'t"r4: hl.t1ft!. f.r,:r n?r'h:t. a<. l/ Submit d quancrll, pt.ogt.css rcpol.r on lh.
i"rrf4f 4A('. (h.'liih:l-."'t:l o,'id,.? tL:t implcmcntation ol- his investnrcnt pf()jcct r0 thf
z, r (:'1. "1 + (,41 t\At:r-.. applopriltc invcstrrunt organ:

iil h'lrl4l tl^tt ?h.'riih:I'.',"1.1' o"t14g n;,. 2/ Provide inlbrnution conccming his in\ cstncnl
rl.,ngl, arn.^?..(,h.1..S, a. I t\.'t?ih:l..'t',rl. 1.Cf tl,?. whcncvcr rcqucstcd b1 thc app|oPr'iarc irrvq51111941

t'.,1 8 k,t,h.trl, -t r":t. hAfi:I, :: otgan.

 j:(h.!:r:ij, https:llchilot.me
Ltz.^ 7:ra4. ttt"r ,tt+c'/t!.1 @211.4. iQ 4rt Q'd.IE 9.t' |c.tct"l Ncsorir (jdzclc No 28 Al, t 2'"1 2020
pA Il't ti'tVti

g'lhfarE ?t?"c npr.ljl. hT hh,tc @nr RIT.Gls'r'rt^'rr0N or TEct rNOt.ocv 't.tANst-ntt A Nt)
q o{t!t-T. 2c ?'Le.47 ?+{14n.C n -pr+i. f'1nq cot.r.AttoRA'r'roN A(;ttUFN{IiN't s wt' I

i{e. f 'bhf rr-f, Ti?c nfrr'} I)()Mns'r'tc IN\rtis.foRs

| 5, 'l'cchnolosy 'l ransfcr Afrccmcrri
il "'t'Itf ory. eArr'lt.l. ,th.'riih7'.n'r.r: :)(: l/ Any invcstor concludiltg a tcchnolog\ tfilns lcf
tl't.g,(tl (,^l.,t,PAa,.', f,[*t.i^"d'ti-rt(: agrccmsnt in rclation to his it.t|cstmcnt shall ha\ c ihr
nr.f,11. lllt"r..ti1. n?h(m. .t4t h\n+.| agrccmcnt fcgistcrcd rvith lhc (irnrrrissio11.

!i/ tltt.o tir+r 'r0.n-h'14'7i (n:) m,',4:t 2/ n tcchnology transl-cr agrccnrcnt thitf is not fceisrcrccJ

!A.l'.n4n(I r.bh.i^.4 'n1.'c hr-rr:r. an accoldancc \ryith SLrb-utlicle (l) ol this Alriclc shall

lllf"t'dl. 'rt- ar2,p. h!,.i10t.!"i not havc lcgal rccognition \\ ilh thc (i)mmission.

^o,.l,q
3/ 'fhc Conlmission shall nolili rhc rclc!anl I.rrirrtl
i:/ lt,,r.'11. ?.'b 'ttto,-', r.rtlfd"i{'d.t-tc ttr.9"rl.
llxccutive Organs and cop) (hc Niltiondl llil l, ol.
Att..n Alt.)'tlitrI. (t-At A .,b'r.t,r-:1. hhLt",t-
Ilthiopia thc rcgistr.ation oj a rcchnolog\ r[l]slar
lrh4l' hht.E"'t. tit4:t. ic 0,,rA.t",.,
agreemcnt nladc rn accor.danr:e wilh this Afticlc.
Ah.'l'g'A',e 4l,|n,Lt tl'|h ,(4at 9/\*

;{E 16, norcioh lantcrpt.isc Collrboratio|t 4grcllpr{rr)t li}1.

aotst 4tAc"t ?-r-!Ac1sl- ?+,fl.{ll ll'.rr+ nxnort'frn(le Wilho||l (,!pit,!l Co'lt,.ibn I ipl!

$-/ !'l'r\'o..)s ?h,lC ht rl1u,1,?. ho/,11. .r-t !1,

ot )c l/ Any donrcstic itl\,cslor \\lto coltcr!t(lcs. lD rcsl)aat ()t
ll4'.1'lll fhl.';r./a\ rm.p t6, lyl ! f,C-t ( or."{:, cxpoll. c collabol.illion aqr.ccntcnt \\;th il ii)feigI
.('r.',41' .r(: t!a't"t.A.a,1/.r, f:t 4l4t? nr.r.r:t, cntcrplisc \vho (bcs no1 contfibutc capital slrall
lllt,'1.'li\. dI
h.'.,. .t Il ?r110.1. :: havc thc agrcentcDt r.cgistcrccl \\,itlr thc
Cemmission,

iN tltt.x h'14'A' 'tt'h-h'rl'A. (d) o,',t,zt. .? A.t..,ntnrl 2/ colhbomtion agrccntcnl thdt is not rcgistcrctl in
c,1-4t4t0 tv.r-rl. nb.r.'tit. ,t'rg. apt hn.+t accordancc \vith Sub-at.ticlc ( I ) ol.this Article slr.ll
h l"i' /ttt'Y' 1' not havc lcgal rccognition u,ith thc C0ntnrission.

i:l u.t.'17. ?.,t 1'tll.tt.', fi:t 4t.1c tt,)-r"r+. 3/'l'hc Comnrission sh.lll notilj, tl.tc rclcvant I'cllcrll
Ao'1..,1'Altl',110r, hht$,'r. h7t4:t. hf 0.rr\,l"rr Iixccutirc Organs ancl cop1. thc N.tlionai llnIli oi
11h.'l'f'} ,? 4l,/N.t .l'. tt'tlr ,?4a.!tx:t Ethiopia thc rcgistmtioD ol a collabor.nriorr
agrecnrcnt ntadc in acco|clancc $,ith lhis Articlc.
 https://chilc'I. me t2.100

kt..A 72r,4. .rf,df .|!Tc ?i:.( @tll.:l' ili. +', tll.lC ,'r.r fcdcr.l j\..cg.nr Ciafl. No :]lt ,\pril 2"" 2020

h{:r\ i.Tar+ PA t{'t' srx

?h.1n +."'7+ qnz.ur! ?.h+q tnut xi lNvEs'l'MllN f INcENl rvEs, (;uAlr^N ,].)s ANt)
^q PROTEC'r'tON. A Nt) r.-ACt t"r'rA't'roN
"?4fir
1:.2 - t }L'rZi h+ a"7 + "1 ozt'f Pi I T.lnvcstmcnt Inccntivcs

Invcstnlcnt alcas eligiblc lbr invcsttncnt inccnti\cs ls

? h;riin:I.o".r:r. " tzt.:f. Aol-t'f:t, 4l+ 9rf1.
\\cll as thc tJltc antl anrr.Lrnt ol inrrslrncnl inr:c,rtir,:,
9 h; tii i:r.',,.r:f a,'hltrl. h'r4.1.r" to,t.Am.
(h;riih:l.m'r.1. t10L).:tty,'I.,I!.1:t hq/,,"nr., shall bc dctcmlincd b1 llogulation to bc cnaclcd b) Llrc

Council of Ministcfs.
f"Lr.n:l.e\. ,.ItC n,l. ll,',t-.(f|,t'tor. e't4l
tunl6 A.,l

:i*. ?'t e,7e4+n 'r{1/,+ (tnlo+ aot2 I8,Owncrshin of Immovnblc I'rorrct.ty

6,t ii:1..h.fi,Ec ih", hh?.r'r{. i:.t:i hnh ,r?.Fff. I/ Not\^,ithstanding thc pror isiorrs ol Ar.liclcs :190 ro .lr).j

i:I'.i.i: ('t'sttt.tt i..f (:r. 9.u."tr .t\o4l7. at!,r. of thc Civil C'ode- a lbr.eirn invcsltl or. a iirleign
h't* h'l(: or.n,' llnU,(1.1. (l',Fne (or"t! tL-) national tfcatcd as cklmcstic invcsk)r shall hu\j Lhi

Ah.'liin'1'.""'t:t' 9,'t ,?ht.A"t right to own imnrovablc propcrry ucccssor) li)r lri\

l-t l,'r,l'trt'h 1'atz,l qnn,,l' a0rf., !,"1.4a* invcstmcnt. lmmovablc pfepcrt). as usccl in ihis

nI.u \-r2't 94"1 .t"Ir,'r+44,h .r4l/,:lJ plovision docs nol includc lond.

.rt' (-:I r t h !, t.D,rs (: rt tl

2i'Notwith$tandinu thc pfovisions ol Africlcs j90 lo .t9l

!i/ ,t"(: in-l tth.,.t4i i:g:i hnh t,?.t,n.
q::t.,t.
ol'thc Ci\il (ooc, n lbrcign investor. or- a lirrc,i!l
i:!'.ii: (4'A1't1o'. tl.'i(.'/- h{:,1.1: .mn', ! Ao'.
nalonal tfcatcd as doflcstio invcstor.rvho o\\,ns lllrl]c
h.'1iih'7'n',t. rt^n,,l' t Ul gut 4t q7r,,11,1, ,,rt,
invcstmcnl mar bc allorved to orvn onc clrrcllin,_,
h'rr, h'lc d'.afT 4drr.tl,?. (t,t,.trL t.tt-r! tL-)
lrousc. 'l'hc dctailcd conclilions ncccssilf\ ii)f
f lr'11' ,'",ir., n,i. 4A(t'1' h'rr,.af', A.t.4,*A:t.
Lhc

implcmcntation ot'this provjsion shall bc spcciticLi lrl

J,,:l'.4A:l A ,t, y..r!,L ht.:t?,,t ?o,t..c t.t\,,t. a llcgulatiorl.
1t(:'[l: t.1,1'9'rl- r]A't4t f,u,fir; A,,.

3/l'hc pfovisions o1'Sub-arliclcs ( l) dncl (2) ol this /\r.riclq

i:l tttt,t, h'r.t'A' 'r.bh-h'r+?; (6.) hf (C) st.s|'t'tt..
.rb4l:l' !.tt lr,l,.S ,t.n'.D.trl.t, M,:1. shalJ be applicablc kr in\,cstor.s !tho ha\'c irr.cslccl
priol to thc:rdoptitrn r't tlris l)r,rcLtnntirrn.
llL.'rii ht- on'r.l. F a. !, ?.1-t,,n1 tt. tt At,fi .F +'r,).
4

I'Ln t" l.A t:

 httPs://chiirt.:rre ,,,01
Lta,.,.'r:ta.7- .ut,"t +tc';li'i ^)ll.:t'ti. ,f', Ad..ii i-r' rc.bml NeUa r crrcnc No 23 ,\l)r'l 1"'r 2l).10 tr!,.
| 9. Invcstnrcnt Guarnrtccs nnd I'rolcction

d/ ar1"17-:1' ll .tt lr.|/ft

o"rr'1:1. ?"\rV,X. l/l'hc Covcrnnrcnt nrat cxpropriatc ilDy in\cstnrcnl
ol.r.tf o:rr$ L..tiih:,-tt"'t.T /l.A{ .ll ,r+r,,i llit ) undenakcrl unclcl this l)roclrmittiotl liu pLrlrlit:

h"ltf 4l: h9 .(A.'DIjA2' n.{l)alj(. f,l14a:: intercst, in conlbrmit) uith lctluilcnrcnts oi thc
law, and on a non-disc|im inator.l b sis.

g.l ,,|'r't, o,.t" h..t7ih:l.o,.t:t. lt .tt h,r,l,^. 'rt.tt- 2/ In casc oi cxpropriation ol un inlcstlrcnt cllcctcd
h14'^' (h) '1't"4:l' fl'l.0.td.l: hlF., tlo'1"1. pulsuanl to Sub-al1iclc (l) ol'this A|1iclc. itrlc(lLt.tie
(l(l.e t ) 'l'.'Dt,lt,l1 t],'t Il+ K''t.,? .'"ne.A compcnsltion corlcsponding lo thc plcrliiirrg
hdlr.l.r: markcl valuc sltall bc paid in acivlncc.

a^.'r't n aA tu6P h,tc ol.ldc 20.Rcmittnncc of li nds

l/
A/"'l'|Tn"v' (o,."1' rl^U'ft'l' ly,t..t'tv-Aot Any forcign invcstor.shall havc thc riqht. in rcspcct ot'
his invcstntcnt, to rcIrril rhc lollowing l)ayntcnls itnal
h.'rijh:l.ut"rt' r",1.,?'tTtltnt.', ?,,r.lvt.A.l1
carnings out ol lithiopia in convcrtiblc li)fcigrl
l,|itP"I. h,; 'rtl.,'rl- It +4' .1-.,"', 2:r.ttl4ll:I'
cufrcncv at thc prcvtiling cxchangc nlc on the d:rrc
.!Aat' ?,\'rl,'l' lt'l (lo'1.1.4'f.tb uofiZ:l' aDtr'a.:t'
ol translc[:
ll/''.4t! lo'rtla hh.,l.Fi.,f tt.6Lb t,ltt||.tc !,',1.4d I

ttl lt}r.'rii :r.n''r.l: f't'f t'.', .l-(.',i: hq g,?.(:'t: a) Prolits and dir.idcnds accruinq lionr his
invcsllr1cnt;
.(..(..1 i
b) l,r'incipal itnd intcrcst pa\,n)cflts on e\tc|]ri]l lolns:
n) tl,''.,t' h't'. 4'l'toF '0.q.r: !,c 'r'r 4l hq
dlA.e.'tt.r:J,t
.l') llll.f, lr?ff }r'r't'R i:t; .m,"4:t' lrh.,r4ntl.o. c) l)aymcDt rclaLcd k) lcchnolog\ l|tnsli,r.a!rccrncrrr

9.['tr'i4"4 'fi.tolc hro1l.r:l- )c ?4..(.ptt legistcrcd in accor'(lilncc rrith Ar.ricle l5 trl-this

Proclamation:
,(t .e ,

al lhl,tt h,PE Ii14,A' .r'.7 ttotul:l' ltn.m/ t|l]IJ. d) I,ayncnts rclatcd to collaboration agfccitlclll
f!:l'4t4lc h,t"r"r.l' 2c (,1.!.( ,t.t:.(. lcgislcrccl in accordancc u.ith l1iclc 16 L,l this
Proclam.rtionl
,r,l ArL4 qnu.fl.?. ,lhilF? 0"tn.f4 Ali nr!,r c) Procccds liom thc l.ansla'l el shdlos ot-cL)Drcrfal
.t..r:I:'l:? llhl,r\r. rt ftt,o.A. A.t,r7;nb.)o of pat1ial or toltrl orvncr-slrip ol an cntcrpr.isc t()
.t"4 rldu'lf 'l' aldltl.l.tc .]"t'f ...t. .l'rtt4la anothcr invcstor:

Ll -tir.'.81. rl.if,r'i 111.'./'ir d.4'?tr o!,,)" /,.(:i I) l'nrcccds liont tllc sitlc. capilal rcrlrrcrir,l or.

'L4tl, t\.tlra. t.,l.'t\ 'r[.t ht litluiclatiorr ol ln cntcrltfisc: ollcl

.1) lt .r' h?l: tir.t'A' :iii 'rlt h-h'r{'A. (9.\ g) Cotnpcnsation paid lo an invcstor-pur.sutnt to
(',"r' /.4. ?d'l.t.Al,- fh? tt'i:.fr! Sub-rrticlc (2) ol Ar.ticlc I9 ot this
Procl.rmation.
 lqd,it(' https://clriioi.nie
Lr.4.a 7.121. .,||,", .rtrr '1iit d.1t.'1. g-d .t"r {lt.]lf e.r' fcdcral Nclniil Civcllc No 28 Brl 2r" :1010
iil II,tt tt'r{,t 'io.h-h'l.Pt (!i\ ?t .',,Alr't.o. I.,i Cr
2/ Notwithstanding tlrc provision ol Sub-a|riclc (l) ol Lhis
0+.r-*4. ti,"t.?v.!<- h;riin4..,t,.r:1. .r\:t.t, ?tt, Aniclc, a domestic invcstof invcsting .irtinrly uirh ir
I',h?C .,f.nT (lntr'0,1. lrh.?iin'l'.,t 'r't, (.'.t.!.t'1' (,r',
lbreign invcskn shall not bc i)llo\vcd lo fcmit lillds
'l'rll4l otf.- fli."I! '2tl.tt(: hf,l..l,.('.'A.l../. * carncd from thc invcstmcnt oul ol l.)thiopia.

iy 0f t.r, A.P,t .n t"a:I. Ad,t.tv,8. h..liitr:t,t ",I.t?i.
.l.l"t'1.tt. y"7-111. *.f. r?47:J'17or. hh.'l.tA*.-{,
e.nt! f|f,, (nF.tp h,t(: tLl'.I. ?.t1.!,r,1.:11 R.,Dlt.
h'ttl4lr :t ! Aor. ll h'tt'tr. ;tt,t 0,'.1-t-4' f.rf,. .'t,,r' Z:1.
lldtl,4: .l'.n'', tln.6tl, 1/D'r\a at( a.6lr h,lc o,'4h
3/ llxpats empk)),cd lbr invcslDtcnts calriccl oLrl pursLri lt Lo
this l)roclamiltion whosc ;)q.ntlncnt r.csidcncc js outside
of lithiopia m.ly rcmit. in accoldancc \\'iLh aj)plicll)lr
law, salarics accruing liclm tlrcir cnplorntcnt in
convcrtiblc lircign cun.cncl al lhc pfc\uilinr cxcltrrsc

.?,1'.4d.:: rate on thc dtlc ol'ttirnslcf.

fiA-tu'..t .(lf'c ht te.6LE r'I\t ?tl?h Y4,{I 2l.lirtcrnal Loan and l'orciel (jrrrcncv .^ccoull
i I"I'IT ot-t tlArr,1l.l. Ah.??fn'l-oD'r.I' go,t.!ht-a.rn.., l/ Any invcstor may acc;uirc' cxtcrntl lorn li)r. his
h'rc hlttd,,''i, 4,4.4-1-ll. q\fi,.
41.(.(: tr.fr..'rJ investmcnl 0s pcf thc applicablc l)ir.cctivc rrl rltc
fh.,?.f.*'.s 4t.,bd,,t .t rrt oD.,t d,-t' .,D,,,L:t, National l]:rnk ol- ljthiopil.

A.dral.q f,.l.4A::

t|-l "t'14iJ,.9. (nt..,!" tt\tt4l:I' Ah.'rTii:rrc.r.1, .rqdl 2,/ Any invcstor Dtir), ollcratc a lbrcign cur.r.cncr account
f,,t.ot ttr 9a1."11 ,J,,'rttt gtl.rr, f-441 4-t.4,A.r+. in llanks in lithiopia lbr thc purposc of iLs invcslnrcrt
rlnd,. 1,h..1.f.*.,(,,0,h,Zrt: q.rrt on(roZ.e Dr',ti.j. as pcr thc ilpplicablc I)jrcctivc ol'thc Nrtiorr l lJlnl( ol.

h.t't'A'.? dFnf rli. q?h:l'. tl{:+ ,27.t,4.t,h Elhiopia.

J,,:l'.4A ,:
'89. ?tr',6lb fi,74 +TC hq ?,'-/,- &Uf
22.limpkrymcnt of li\prts nIl(l Wor.t( p0rnrils
6/ arlt tti.U4t:t.. Ah-'r'ihl.('o'rt: hht.t't.
o1'r4t
l/ Any invcstol. ma! cnrploy cluly clLralilicd lirr.eigncr.s
ltfl. hf ,t.tn. d.,. !, l^,lrtr'l 0hf:,1.f
nccessary lirr thc opcf lion ol his invcslncrrt ilr
"lLEan'14.i l.t..b,tt.rtt7.l,i 0hnA"tTt.?, ltf positions of highcr ntilnrucrrert. sulr\.f\isi,)ll. lfrincfi
0rLA"l: r't:httl rt.t'+ 4!, f.,t.lturi. (n.bE,
and othcr lcchnical prolcssiorrs. II(t\\,cvcr. li)fcisDcIs
h'tC tl,t;i.'' @4, C f,',l.4a.r tftir- ( o,.",r ma1, bc cmpkrycd onlr $tcn it ciln bc asccrtiti 0(l tllilL
tLr"I-', .n+mc y.t.il'A.tt. C4. n 2.t.A'to|- f.tE llthiopians posscssirlg similar qualilicatiorr oI
.l-.n,441,, a\.e 0!,!- e\r..c.. .p4rl:nr. cxperiencc requircd by thc scctor arc not a\,rilablc
h..l.t.hlt.!', .'?-t'f :t \d/,r,iF A. (tt.t,t+ rt]t',*
 https://chiirt. ine 12 r01

Lt.z,^ r2tl- Jr,"t .l',r'c ?ia{ .-.r{1.1. 7i! .t? l{?l'.1.E i.r" ljcdcral Ncgnrit cnzcrrc i\_o 23 .\Dni ?"u :1020

ti/ ltt.t, h'14't 'rt.h-h'r,l'3i (O) ,s.'r:z tt.'ir:y", 2/ Notwithstanding thc proYision ol SUl)-;rfticlc ( 1) ol

"1'lT lt y" rf ?q r6, hhd.t'"t.'t1 ts

AU.0'l' this Adiclc. an invesk)r nuy crnplol' lirciglrcls lirl

tl h't'L'li't .'41,'1 hl 1'l 94'f,t'rh :t41,', top managcmcnt p'lositions. includine chiel'c\cctlli\u

rD,!,,e Ah..riih:1..,.,.r4, p't.!ht.d.I. Pot."t!, olliccr- chicl' opcralion olliccl lncl chicl linarrcc

r!-rt,?. .c4,t:o,. ltq:,t.f tio?L}i.,"'l4. htl4:l.I oflicer as necessary. 'l'lrc rvtxk pcrrnil ol to;r
managcncrlt lb|cign ',r.orkcrs shall bc rcltc\\cll
}lA hlt/'.4'1.74t ./D'l'nr(: J',:1"46\ r! flt.r:'I"4:
."rL:4oo'r.1. l\tl4:1, tit-2. l.!,k t]Lll|"?i' f/d]'"t' lvitlrout bcing rcrlui|ccl to conrpll \\iLh thc c()ndiLions
spccilicd in this nrticlc in rcspcct ol'othcr Iir|citn
tL"tr:|, .(ttltlJ'. r, (f4.+'l:, ol..rb Alr.t, fitt.t
?
wtlrkcrs.
h'r4,2; 9'lnn'Alt'l' :l'9:.'r'-*2r.9,;tr, "19,4:1.
4.(hl.A2 l,:t'r-4dl.,,
i:/ tiul'rTrr.r" .'tl.t'0:1. of,,f' lltt.r, h'r,t,^, 'r(rh- i/ A work pcrtnit rlay bu issucd k):l cohabiting spousc
h'r{'A' (,i\ .mtt'2:l' 'l-t"t'c 1.l't *'.r d,.nf ol any invcst()r and a lirrcign rvor.kcr cmplorcc{
i,'1.44. ?n."r! tL2 ?.1.tlc h:t(: f/-a,. l-! !1. pursuant to Sub-ar(iclc ( l) ol this n nrcrc.
n.n4' J,.:l'.4A :l

Ql lltt.tt h'14'k 'It.tr-h?,bt' (i) tmtul:1' 1',I11."p 4/ An invg51g1 wlro crrploy.s lbreigrrr:r s Pursrrirnr ur

t|+t.'' r-r.,t'N: and.0.?. A .:Lrh!n.!'t Sub-articlc (l) ol this Arrjclc shall bc r.csl,rrrrsible

hnl.4?..r'. nr\rnq litt. 2'f' hC x'ttL.l,t' lbr rcplacing. \.rithiD a linlilcd p,Jriod ol tintu. slcli
Ibreign nor.kcr.s b)' Irthiopians by arrlngirrg
ll'2 L'l'l tlt'tr;nl 'r,lL t-ht (.t -nt! h1C tL) irncl
providing thc ncccssilrv trainiDp.
,r' a..t,ln:;ir, \.t ti..t tr. (,'? f,.Z.t dr&j,. }l|\0,l!!

i:l Aav"tt tl7l. (/1,. t.! !.- A.A.t l'.'t.i'i'At.- llh1 !,- 5/ A wor'k P(rrnit li,f ctnnl,') t(nt itr r ccrt:riD 0(,\.ii ,t.
t..-/- .',,A.0 Az?,tA'lrl hnh 7,n1. ho":t. t', may bc jssucd lbr ul) to lhfcc rcltrs. iind rr:ticrrcd
it'tf. h'ttl4l14: qnrr.fl.f: 0+.q-"?..( .t./n,44f, cvcry )car Suhicct lo rcrillciltion us .r1'pr',r1, irrr..
:l^ry'' ,?4;lto,. h.:l'9.A'.eot.e'1 Dl,il.?i+ ? A. that thc invcstof has asccrtatnso Ll]c r)oD-
.'Dtfl:, ,,,11,,..t'16.1; ,l.,l.h availability ol l.lthiopirur \\.oflcrs \vith jinrilrf
'].'rli.tt.r.
h,4.r{..?a..?'r', nortt/|'/l'l.', /.'tK- (.ttdf..ot-', qualillcation. flnd oi'thc concrctc nto sufes Lrliclt

4't,u,.l"r! h(:r"4 aa,," Z:1. .,1!: Z.'t tlgh.'o4' by thc invcsbr t(, train lilhiopian lcplaccrrcrrrs.

J".l'R4lr r

7;l (or"P h't(: tLJ i4-Pn/,ll:t. /-a,. hht.41. 0/ Whcrc il is hsccr'tarr,:.i lll.,r i, t(,r( irr \,, tr...r , .,..
longcr rcquircd lin. lhc position hc is crnplor crl- thc
h..(ml'I. i,L2'r.t' lt,"l.'11. /-2, l.rrt. g

Comnrission may clccidc not to fcnc\\: or t{) ciinccl

h.r4 t,:t.Ah tr!,!\, h-r4naT L rh', r,+4a,1
thc work pcrmit.

!/ lt"'t.'[?. h7"f.. hf h.'rrt.h:1.1, .r.1.h.t;c hq 7/ In collabolation \\,ith thc Minislr.). ol l'rit(ic ilnd
lv"d.t.T \.i q lt6.p. 't.4!, .r.th.bc 2c Industry and thc Miniso.y ol'l,abouf illld Social
tlt'D,l-.l1lc Pr.ht.A;trr'r.rtf.,l. g',1.uuAttl- Al'lails. tha Cotnmission sltall plcparcr ancl
?ht"l,.C .n,abt.e .! ..)F,a: ,1,4,.11q.r f Rc)ert. implcnrcDt a u,olking guidclinc rcgulatinq rnatrcr.s

rcla1ed to:
 !ti,lr'.ifr https://chilot.rne
Lt4^ t..tl..,rar .trrc ?i;,i -,rtl.l. iiii .If ([.1( e.r" fcdd0l Nc,ttrrir (ii4rrc \o 2$ .\t),'t l"'l 1020 r,rrrs
tl lil)."r! h'l(: ll,) A,'tl..F r/':ll:1. I/-1,. .'n f.4l o) nscc{rining thc ncccssity aud pr.olcssional

li.'\..i za':, hhe.4.t,7;t. ?lr; o". f,,x ,t ,t{1.",1.i pcrttncncc ol c\par cmployccs:

A) rl.r'.(' b!l'41' A"ltt ; n ', h'ltl."l.4 Yr.lnt4'sy b) l-hc cxccution ol tfaining progr.anrs inlLrir ing

Ilthiopians tha( fcplacc c\ptt cnrPloYccs:

( h.7. o-.9', 4 -l.lt, t' ;i- ier 1nq il.,t^ r. i
t. A'.e

/r) tlh'l(: or.nf 'lll.c .r.1.4?. l'.A"jJ' ,?no,. 't',t'lt c) Mcchanisms lb cstablishing thc rvdilabiiir\ ol
(tto. trJ',A ou.i'(l rrAo",i'r. 9.^l.Z)1,t,tll. othcr\visc ol' suililblc local u,or.klirr.cc lritr ing
)r'l44lr hf thc rcquircd cxpcrlisc: and

tn) tt,tt ,ir.t'A- .r0.n-h.r4,8. (?.) hl,.('r\ .1.2. (r4 d) Ploccdurcs gor crnint thc issuancc. rclirsal und
hlfh (.1') lr'r /.nt.:t' .t,e,(.+ 2c ,t.!!,tt ar/.,r canccllation ol r ork pcrmits owing to r-cusons
n,LA.;l'. .t.(,n.,,1i tt-rr', S.l.l. /-A ( t-g3:. rclatcd ro nrartcls listcd undcr. Sub-tfticlc t7)
?.,,t.fi1' 1." d,r..,I.?' f "?.hnhi\ 0:1. ot f,!- t..4,e,. par.agraphs (a) ro (c, ol tltis At1iclc or orhcf
I o'l.h/.' lll' t'.:9:I' ', addilional
-qrounds.

,a:l lt"r-'d\, h?".r,.- ?rC h..rt-h:I.a @t.r.h,Et: .)(: li/'l'hc Commission. iD collltbofdlion \vilh rhc \4inislf\ ol
(l.n"t.tlfi(. .lnrr.ft,t:l'. n.l..l.lt h.:i.t. .( ot. .e.l A_ 'l'radc ancl Inclustrl,. shall
plclt1rrc and intplclrerrr u
t,'a-t.til. f,h/.\flr.i (,D(:.tft,ll1 n-ttt)E:I. guidelinc rcgulating thc dU1\. ol ;nvcsk)rs lo (lc\i1-lr)
fbor4,:1. h.; (rntil],:t 'liarrc (: fo,t x.zot and prcvide lraining pr.ogr.ants a0(
to cr]s!ifr thc
^.r,p...f
"lt,;)"'ltn7:1 A.'"lU-t-A ?"I'eh+A f h,?..?.A tfanslbt ol skills and linorvlcdgc to sLrbsriLLtrc
t Du,, t, ! nll tt )E:1. !..t.t.i6t\ t: l)thiopian \o.kcrs.

Ai:. 9n{ h?ar?ar-+ 23.Visa Serviccs

!i/ tt,"l.'ll. at!,,!t'' lorrr{q /'A.,r', (,l,n.n.I,. l/'l-hc Comnrission of u dclcgatcd in\rcstficnl ()fran
(\;riih:1.o"'11. IrrA ht ..riih:t .".r:t. -.)(: may lacilitatc thc pf0ccssing ol-r,isa apltlicatirrlrs ol
.l.ll nrg ,r,lc dFttf Ao?..1!1. ?nrr!, h,t(: lilrcigncr.s conring irto llthiopia Iof invesLrncDt
tLl'.I. lit !r,rr.,r' h.l-f. *-,? a.n r r,..rii h:1,,n,.r.1.0 purposcs and th:lt ol thc lantilics (spouscs. clrildlcn

4!, A{.hnt|. .lnrr4l,l.:1" 0,t.htr+ ((:l.ttc h)ci and parcnls) ol' in\csl()rs undcrtaking in!cst|ncr)ls

.\Fl'. hf ttq'l-l .t-r0. h:'t A'rtr,..(.t 1. in Ethiopia.

i..?t't')t+ J"+4an
!./ dh.,riih:t.oo.r1. 't.$t..I. oe. h.l.g.* ! A.,o-ttll- 2/ Il'a pcfson. intcncling to cntcr inlo ljthi()Dir li)f
It'l'rn'A.c.' ntf,ro .'Df 13 h'ti a.6t! fh'.rt T,?.[ invcstmcnt purl)()sc\. irppliCr li,r a \.j\i, iI i] (.,lLttt.\
(lr"r h1C rt,-, hl'..t 'iil. d.n.r that is not his honrc countD.. visa mal.hc issucd ro
^"'1.14,tfi
tl.r.)l-?\ | !: )qi t 4l&tL aup Z:1. ttirtt:|, I h,t Il hinl in tha( thifd counlr) bilseci on o suppoft lctrcf

h'lt' nrft? 'n:rt n.n(ndr f,:f'4A !!

the ColrmissioD ma\, oll!f.
 https://chilot.me
t-t...\ ljtT' ),[at.t.rc'litr 62t1..1.'lA 4", (n..tn ,r.u Orzctc \o 18 Al,ril 2"'l 21i20 . lf8r
iy llfLu hf il: ./i,tl,L:1. lo\.tv.!: h.'Iiih:l.tntr:t. An orl,ncr of shilrcl'toldcf ol u inlcsLnrcnt
ttn ,;l' ut l,r" (lA,(,.(:4 wt gft"t:, h1c tL) undcttakcn pursutnt to tlris l)roclNntalion nll\ bc

lt,,.t.'lit Iot.(t.tror. t,lZp.t.tt .,.,,,,L.l. lihl''oh:I. issucd a fi\,c-\,c|r ntultiplc visit b0scat on
,Iem:7 ti4l t, I,tL tmoo\t1't[ h:,t A.drnnr conllrmation by thc' ( irntntission.

f,:l4r\ ::

il (ltt.tt h'PN .n,t'rL:l' tio'l.lri ar', ,,:riih.1'.r"'r:f

4/'l'hc Ccncral Managcr. lloar.d Mcnbcr. anci top
?"r-.etv.t- .(.-4.'.4,1. d'.t)f V't.ltt. .p.; /-t^ Managcnlcnl ol an Lntcrpr.isc r.rndcr.tirkjns an
hatll,rl.i ('0(.'-q'htlr\ Af ltii4.T l'/-a. )4t,i invcstrncnt pursuant to this l)foclAm.ltion. illld rhL,
f .(.c.R:,t, .pq .,bht,.( n,:1. 4tf,,r Lop managcmcnt ol thc
'r,trj.fr./" pat.c|tl or hol(li[1]
tf Att.'t.t lt,.t'r.? ltli,l,?f 9,,-a, 24A, tv.t..tlt. company ol thc cnlcrprisc ntrN be issucd il lhfeu
ll"l.d.nar. olZ,)'1661 .'Dt',4:t- V,h:l. .r.',':1. ycat nroltiplc cntr\ \ isll llitscd on corrlinrrarion br
f'llrt. ?[, tmoo4Ai ir'.rt rl.drnor. f,:l'.4tr,, the Colnnrission.

4l tln.t, h'r4,A. 9..r)?,p+ ao,,,tl. lt4ttt. .t.tL

5/ No singlc stay oJ dn\' ft)rcigncr cntcring llLhi()piir
.m.r.,tdri ii.tt nrg h.:1.9,^,.( (,t.1
using multiplc cnt|r !isl issuccl pursL[]|t lo lltisr
"lqtfqr'!' 9rlr.61! h'tC tL2 tlh't K. ,I,tL Articlc tDil) c)icccLl Dinct\ i(r0) Jir\.\.
?1,'1..i' 20. ltq:-4.?tt (4,!,r. ?.tt h .nf (:i)
.t,f .?. /t.0a.r' hf,:f ar0:l
:41 A.u h74'ft .t.'t{I. ht.slft!. h.?.I). 6/ l'hc Conrmission shall rvork
il coopcralion \\iljr rhr
lrh.,"t't l:ti'tt tL.tr:t' ht oqi lr4:t. ,.87 Immigration. NolioDolil) nd Vital Lvcnts ngcrc)
trt 1r4i.?ll,llt,l. lt\{'. g.'D'r.t p:1. h?td )(: and othcr ppfopfiatc governmcnl body lirr. lhc
(loo4-q111; t nr.o" propcr irnplcmcntatiorl ot this nt.liclc.

4'i'.9h7'R' "?dtrr\ h?r\.rn +

zl.Qncslal-,Seryi{s
Il lt,"t.'l\. tlfLu A",F .,a,t'[r t1.r-1f h:1.au,1:r
l/ The Coml]lission shall pr.ovidc onc-stop scr\iuus
lJ'L' 411"1,1.o, {lnu,at.tl'. th'ir: n'!bltt\, invc$tols it has issucd invcslnent pcrmits pufsulnr
Lo

lr)
lr'tr\'?4"'?' !,Attlryz h"ttl4lr:1. .f4;l:o,. A,A":l:
this Proclanlatior: il shitll coorollilLc rctc\lnl
,rtr4'l'? !h4'rl.tlt-a.,. ff dn.l' 4..tttt.rtrar', Agcncies ard synchronizc thcir daily lilnctions.
.rl{'CEA;

iil rtrr\A f ,\.'riihl-.'t''r:t. tlJrt+ f h..r-tih:t.a,,'r:t. 2/ Rcgional Statc invcstnlcnt Organs sl.tilll prur.itle orrc,
1..:t' !!: Altqr.rli ny tli.o 4l.t':1. h-rrl,flt,l. q4{tor. stop scrviccs [o invcst(n.s thc), issLlcd inr cstnrcnl
(t-f.a.d ht ffurttr ir?;f, .mrr,Al. fh1!: pefmits in accordancc rr,ith appliclblc l..etlc|fll urrcl

'?dhA i't.\.?^..I. f,n,,lrt. :: Rcgional Stotc l,a\\,s.

 https:l/chiiot. me
.-at.a l2t:1..rrr,"r +r.c ?ii . 20.1. Aii .l'., (if.i ( .i.r. Cxzctlc No. 28 AIr | ? "' t(r.t(J ..tlitlc
i'?i at..\Lny l -4,Al.ll:t. .t"t
r0C&. ./j.qr, ft'.ft,i: 5/ A writtcn copl, of thc lloar.d's dccision shalL bc
rr"c ona{. G\ I /-1,. .t'f '1. o,.atf n0(.'.ri. givcn to thc invcsror by thc Sccfotariat ol lhc
K iht.:|. n,1. h."hTt.l. A4fu)'ll.l: f,d(n?A:: Board rvithin Scvcn (7) \\orking da).s liollr thc (lttc

ol dccisicln.
f?. OLAT A o"'rap+ i^lnL'i.r_ httq+ ?'1;n1" @iL 27. Complainls Atninsl l)ocisi(|ns ot l.'0(lcr.itl
4P, ?o?.+c4t hIL,A). Govcrnmclt Hxccutivo llotlics

hl t"l'r4'or.r$ qdu.0'?' ottr, h.t'E aou,/.l. l/ n ny invcstor undcrtaking invcstncnts pll.ljuNnl ro

pt.tv, r': h.,tii h:t oo., :r,, hh.'/, Alt.t, L A1,. A this Proclamatior slrall hitvc thc right k) sLtbnlit il

o."r"t/D:1. hh4.tl.,t. hh.\ g.t 4AA..t complaint to thc Con nission against lln0l
llh;Iiih:l'aa'I.l: 4!, 't-At, .t.,it,f Cq.f ACh dccisions of un1 Icdcllrl gorcfnmrnt c\cu,,l:\(
body whcrc sr.rch clccisjons signilicantll,allccL thu
?.n'6na.:tt hh.t.tiA/,tt! o,.tL'' g.r.A\h,t.
invcshncnts.
l'o,'t ..r' 41r"7.'6y r.,14,t 4t .,,,4t+ h\n.tl
Ll l"|t,ltnn.r. f LA4.tx en'|-tt-:1. hnt.tl.f..hrli' 2/ A wrill.en copy ol thq llnal clccision ot'any llcl:r.al
9.'Dt,u,a4 hhi.\At.t o,.47, (A.,t{ti n'8. Govcrnnrent ljxccutilc llod), shall bc givcn to thc
,lrl4'1. (i.) (/-t. ,t'i:l- dr.nf Aqdrr,0,t: investor within Scvco (7) \\,orking days lionr rlrc

/,rlar'l'h:: datc ol dccision.

i1 tlt-Al,.d .,D1-t /",1- hht.4,r. hrr/^ 0.t,dm

l'.'atn l'ti htrt'&A6rt! ty4r, 4,C lknt.f ,1.
3/ Any complaint subntiucd to thc (bnrlis5ion
against a linal adrnjnistmtivc decision ol a lrcllcrill
Alv'r.'li\. ?,^t.'l,C4l .'t'rzf a.rn hl,t:!, t1611.11,1,
Govcrnmcnt llxccLltivc lJodv shall bc
.D.4bat. .'Dltln,H, ,taypltl. 4,., fr.(: fln44 krclec(l
within'l'hiny (30) \\u.kjng dal.s liorn rhc dalc rlre
(iti) |t-t. .l,f,l' ar.trq' .,D+z\l h\ll:t tl
lnvestot. bccomcs aN,arc oi thc dcctston_

tt/ h"?.'li',. llrl.U li14,K 'ttr.h-h,I4,A' (!2) anu,7.:1, 4/ l'hc Commission shall cngagc \\iur lltc go\arrltcnl
?.Pall hO,4:!. .'.,q:.1..t\, h.rq..pr\ l,n,t,t. body aglinst whont il conlplaint is lr.rclgctl Lrrrlcr
ttl,/,01t:t. ?ao.y1):1. ita .:rr: n.,nr2,tc Sub-a(iclc (t) ol this nfliclc and propo:;c ir
hftLl::t.m. lt+ atlll.l. q", nr.( fl,144 (nf ) recommcndcd solution ilr \,,,riting \\,ithiD .lhifl\
.l'fi. d,.ltJ|| ti.'D4::I..tu U4,0 nft.A,q: (30) days fionr thc datc ol subrnission ot. Lhc

,?.r'(.'.L\:l c0mplaiDt.

i:t 0rlr, til.l'8; .t.r.h_t{l,F

1r"7.'1t1. f; (i.) tto tt,1,1, 5/ A writtcn copy ol'thc Conntission,s rccontntr:ndcc1
l4'Lllat- (r'o7'.:l.,tt t 44l (A.tr.f: +?; solutioll p()poscd undcl Sub-alticlc (4) rll. thjs
lt,l,ztttll' ,p't Fr.e 0nrt.l. (?;) tp,d. ,tt+ nfliclc shall bc givcn ro rhc invcsrd.\\,ithin Srvcrl
o,.nf A4n d'tl't: !.Atn ltrt (7) wolking days liom the dare rhc rccornmcndccl
solution is tablcd.
 llin.tgi https:/lchilot.me
t"r.a.A, l2t 4. .rft or {1c'dit ^)ll,:l'lti 4", gli,i.g i.t" fcdcml Ncsnrit (inzc(c No 28 Auil 2"d]020
PA R't StiVLN

?ho't:l' r-c14 \T ? L??ihI o.71' cRuivANcE PR0CF.DUIltis A Nt) sE'r'n,tiMriN.f o ri

hit@"q,1+ hd.r'+ INVlrsl'r\triN1 l) |sPr r'r'tas

.EE. htuhj. gd,I+e,I a".{t+

25. Rirrht to l,od''c ChmDlri l
6t "1'r'4 a'.r. q^rr'tt'l. tth.'riitt.T.n'r'l: :r(: l/ Any invcsk)r u'ho hls sr-iclancc in rcspcct ol his
94'!!l 4,a-:t' hnor 1r94,(t 4Aar invcstnent shall hlrc thc fight to subnril ir
r h.'riih:t'."', 1. .'" h4.( L:1. hn*r. ( "1 7, L4l
complaint to tltc approPfi.lte in\ cstntunl ufli r.
.n ll7. h[ot. t,

fl/ h.'liih:l.t'r4:1.1 hh.n,Art.f ll.t fi.n (./?,tn,L:ti 2/ n ny conlplainl subrniltccl b1 an iD\'0sk)r ngilinst il

?hh,I'ti A.l .D-tL 4J', ,lqAU'll,?' (.1.,1,C41 final adnrinist|ativc clccision shlll bc l.r'jsolr cil

h0]l::t- 4'At,l{-t "'l.tl'i'P. h'; /f,t.rtL!'a| O|/l using spccdy. ccluitablc and cllicicnt proccdurcs.

.n{r't!.. I,1,.:t.A'l

i:/ |J.O (h1'71. hq:A 9,t.,(,1,1'lor. ( hrt,+:), /-c,rl.. 3/-l'he glicvance proccclu|cs providcd in this l)irrL ol
llr,;riih'1-."'r:t 4f, Ao"(toI a:t' (tzI ,t, !+ tlre l)foclamation shall appll in fcspcct ol-

4f, h-ttt.I tl[try tih..Iifh:1.o"'r,1. .'hh(.e L:t. grievanccs against it tinill dccision giYcn b). thc

(.l.n.n 9 r'DA.14 o.11,'t (l.r:t'orr- dnt.,p(.tl appfopflatc lllvcstll-lctlt ot.gaD on ilpplicatjotr 10

cngago in invcstnlcn(.
h0''l:!'/' 'l'l.Eor- f'rf tA.:

AE. fhct?th c4L 4.e f't+C{ h0,++ 26,(;ricv{ncc Acainst thc Contnrission's D(cisions
t"t'r4t o.!s rtAU,ll,l. 0h"?.'/i?. f ?4.4Ari: l/ nny invcstor
.i;.1 f .mt,R A'd rvho has gr-icvunce againsL a {inal

hh'l'tlAt4! .rrb', .'DItt !. AOCq. hn,.t:). admirristtativc dccisiorr ol thc (_i)trntissio ciLn

tl+44t r.tI'4Ar submit a conrplain[ to thc l]oilfd.

g./ tlt"r.'til. {D.4L {,it.,h.{: :1,?i a.t1Nut. h4,4AL0.1. 2/ A writtcD copy ol the (lontnrission.s dccision shlli
4,', f.r"(! nd.t.l. (?;) (t-a.4't1. (''.nT Ae^tr4t.t: be givcn to thc invcskrr rvithin Scvcn (7) rrolkin3
.e,drn?.\:: days liont tllc dttc ol dccision.

i! (ltl/'t.'fi1. ll.I.An ya'6,44 hh.fr, g.t,.t'. .tt 4L +C 3/ nny cornplairl subnli cd to thc Ilorrd ilqtinsL il
ll. 'n'r''l. AOCri. t,'.t l'*lt '2'r4!tt !" hn4:!' linal administriltivc .lccision ol lhc (i)n]fiission
rf nlr'll,F d,.42{rr. .tt Ain'h', ll r,t4l:l- .t', shall bc lodgcd \vithin thirt) (J0) rror.kin.u clr\,s
E?.C
liom thc d{lc thc in\'!stor bccoltlcs a\\'arc ol'sr.tcll
lld44 (rr) f /-2. .t l:1. or-h? ao+Z4l hi.tll' I
dccision.

itl lrcri. ll,l,(,ll[l. ho.,.l:)' 4!, h[tl'!-ot. it,t'Zrlnl- 4/ 'l'hc Iloard shall gir r". dccision on thc cornplairl
,l"l h'lh.t Ollmf (:i) 9,,-L .b.;.1. $.tt1. a.4r, submittcrl to it \\,i1hiD Ninct\,{9t)) rror.kirrg clll;s
!,lt,rla.tl l'iom thc datc ol'srrbrnission ol thc con.tplilinr.
 j !r il.t !iilr https://ch iloi.me
l.r.a.^ l)1.:1. nt,n! 4!tc r;i a2l\t ii l', R't.!g ,t.r' Ncarit c.2crrc \o lt ,\t!rl irt'1020
h"?. n'l'. 0fl.f, h'14,t 'to.h-h.l*r (it\ .,DU'L4. 6/'lhc inrcstot ntar Iilc a complili|1 to lhc ll\ri!f(l

.e.1,L1h,.', l,..tDq:'7-.tn tr'141 tl.',, ), arrD | .I !,!o against thc Conrmission's r'ccontnrcrrdcd solLiliorr

9'l'(t ror' I t'Dqi'7',1r, tt4'll lrtl'Fy'' Il4'4flll:l' proposecl uDdcf Sub-ir|ticlc (4) ol this A|Licl.. trI

?.'D'r.]/-:r hhA ,|..f'rlJ,,t,?' .!^.t't 7i, stt'1 whcrc thc Corlrlissiorr's r'ccontnrcnclcd solulion is

,t: (.'4. hfi,t: !' not acccptcd bl lhc so\'crnt]]cnl bodl lrgutrrst
.l nr,'tf Aaf "? l, 441 r,'.1. 4 A.,
*honr thc conrplaint \\ils submittccl

tltLn h'H'A. 't0.h-lir4.A, (!l o"tul:I. 11111:.y,. 7/' An) con'rplaint sLrbnrillc.l to thc lJorud lllrsr.rrri lr,
"i./
f,,,t-,l,ti ,t,t.r4.or.t, h0;t:,.J, !llt.,t..tll. (1, /.i r. Sub-arliclc (6) ol Lhis Afticlr:ihdll bc l,rri!cci
l.,Dqi:l"tl u4'fl r\rlArt4t't: .l-tAA ltr 9,!- within thi y (30) \\()fking days tionl rlrc LIaLlJ thc

ttoqi.l.A, {r40. hfi:l:), nt,a- \4. invcstor is Dotilicd ol thL'rccommcndcll solLrlion or.

l.'o't.l/-.1. hhr\ .t',1'rl!,1:t. hA,,'t.t't.ti| fiom thc datc thc invcstor lciu|s lhrl thc

.ln rr4f.t: .to).1' 0n44 (1'!) lit-t. i,f:I' ot.h,r govcrnmcDt bocl\ a11llinst \\,honr thc conrplairrL is

.n'4' z4t hitfi.l. ,' lodgcd has rcjectcd thc rccontucndcd solulion

'.';/ tt(:t+. 114'Lll[:1. hfi,'t::)' 4f, hnir)'ar li/ lhc llolrd shall girc clccisron on rne at)lll)li nl

lt,t,z u:t ,fl ltrrrnf (ii) (t,,2. ,t.;:r submiltcd to it \\'i1hin Ninct\, (90) \!ofkin:t (il\r
^.1tt.t
.u.h,t o.rtr, I,At\A! Iiom thc datc ol sublnission ol lhc oonrpltillt.
9/ Any lrcdcral Co\/c|rluclrt llodY Nhonr a dccj:iLrn 0l
lil llt(:e', tt 4l, ( t'\..'D Ah.l-..t. "I'rT .y- 9t-At,d
thc Iloafd conccfns shrrll har.e thc dLrll to crrm|i-r
(D'l',t /":f LttA. or.4L,ll,.., (t,thnc )r.i
with an(l l:,\cculc il accor.clance \\ith lllc (lfrislotl
ll/n.l,t\o'. on't'a..l. tmt.Ay",I!,,r, hA04, I
ol'thc lloalci.
f ;s. fh.?dn,Fao?.I h.\a.D"qa* h&+t 28. Settlcmcnt ot lnvcs{ntcn( l)ist,ulrs

itl ll;tr"l I vt\it:l' /"Al|t', ll'l-h,lror. }lh/i ?r:1..?r l/ Without prciuclicc t0 rlrc firhl ol-rcrcss
Lo llsLicc
(",t"t'f.1. .,o4t.lr, 4r,),L.r, n,t.u ,{pfr thtough il compctcnl bodr rritlr juclicial l)o\\cj...l||_\
.'bt,,Z:1, 9tr.rV e: h.'tiih:t,t ",17.1 Q.I,(,oAlt t, disputc L)ct\'ccn an in\,cst()f anci thc (io\r,f nrenl

hf lto,,.r.'t /-\. .-hhri t,^t.14

0rlAl,,ft,l. jnvolvins invcstlncnl\ cllcctcd pu|\l|an1 tl, ljris
.r't'qo.!- h[.'o.tqq:r Oo,.!,!',4. o!,r' l)roclaniltion rrill bc r.csolt,cd lhf()!qh consulrntion

t;(:t:(: r,t.)'Ar or ncgoliation.

?/;8.t.d .'|,'r't/".1. ( ot."t! h.'riih:t,.n .r:r',

2/ 'l'hc ljctlcral (jo\'cfnotcrrl mit\ itgfcc kr tr:sLrlre
n4.',D/^tt.t. r"r-rn rh.'riin:ra"'r4. rnvcsttrcn( dt."pulcs inr olt ing I o .rig]l
h[.,D"ttltl.t',1' ll'?A-rr\,i,lr+. lit*,.t.4: invcstncnts through ar.bitration.
A.al"?'" J', +4,r !,

i:t l'(,.",I .f rllr'tl.?' I l\.'rii h:f .',,'r,l' h A.n,.t tl.lll 3/ Whcfc a tbrcign invcslor choosclj () suDnlt i -r

Ila'l (ti4;1.1' /-At'l', A'l-lt.'|/'. l,rt{ ar!,r- invcsllncnl disputc to n contpclcnL bod\ \fith
A.?A'?/,\ .q:tt,l. A',I;I,Z4l haDt l.t
,-t:d,r.t. .ludiciirl l)rrrrcr of itfbitliltion. llrc choicc sirll irc

?nr1.11,14 ht A,4(o.l h.',,m4,!n f ot-.et!: dccmccl linirl to thc c\clusion ol thc olhcf.

f'tl'fA,,
 Lilh.ii!il https://chilot.me
t-t'.Z.^ lr/,;I' .)fr,4r .i,,|.c ilJi ,-rt\.:|. 'tI .1, U[.!.Q i.q" l;cdcrnl NcSarir (iizc(c No 28 ,\|[jt ?n" 1020

h{.:r\ nr?+ t,AR,t.tit(; .t.

INVFS't'MliN',r A D1\4 rN tS.l.R,{.t.t()N ot{cA Ns

rL?hh+d"?+ hn't rl,(c hh4+
29.Itx/cslmcnt Administ rnl ion Orp,|ns
a.ir.f )L?hhira-?t hn+4r,c ht4{.
Thc Organs ol' invcstmcnl aclninistration shall
th.'liih:I,,n,.r:r hn.rriK(., }lh4,l. t't.lt{- A.:i, compri$c tlrc li)llo\vilte:

.ftny''r\4A I

? h.l' f' *.e h.' rii i:r..'D't :t' tr C !.. t l/ I'hc I.lthiopian lltvcstrltcnt llo .d:

(./ l/ I-he nthiopiJn llrurtllctrl Comnrissiun.

I h.'l't',r f, ,\.'rii hl..'D'r:l. ttat.'ti't I

t:t g..,At.A .,"r.1/",1. hf rtr.r.i o.,i,t ti!-.(,:iI. 3/ The Fcdcral Govcrnnrcnt and ltcgionirJ Slxtc

h.,1iin:1.*rtul. ,r,tt Administrations Invcslnr0nt Ccluncil: ancl

( r,i h.;
al lltra\A .h1:t" r.?dr.11. (,ha.\ t\..rTi:t..n.r+ 4/ lDvcstnent adrtinislr.ation Orgu|rs cstablishecl
In.l'riR(.'hh4l',! pursuant to Rcgiotral La$,s.

h.?-.ffi+ap?.} 0c.f 30. Lthiopian lnvcsament llo,tr(l

lh..l.r.r; r h;riin:1..n'r:t. n(..f.. 0[.u h"r 'lhe Ethiopian Invcslmcn( lloarcl
is hcrcbr re_csl:tbiishcl
A.l A.t.i,l-f, ,h".|_ts[ undcr this l)roclanlatio|t.

iia. ttc& t-et.tt? xt ,t.t.lc

31. Powors and Dt|(ics of lhc llout.d
4l qcg.t
l/ fhe Board shalli
U) (l,l.u ,r.l,lii h.t'?;'t .",,,,t:t i.(.r..rflr.
lt.,t.an .&' trl,t h'rti.n.r- th..rrti.hl.z a) lixcr.cisc Powcrs and I)utios spcciliccl
uitd!r thjs
zfltrlr, hn,wf . hh,t p,g.C hf .tf .r,(..? Proclanration. l{cgulations issLrcct tlcrcundcr.
iln.l
A.'D'ttt:I. ll.J|./,l. /o?'t (4.ltm.lr, /,Aot,, othcl laws cnactcd to rcgulatc tho dcsiql]iltiorr.
opcmttor aDd supcrvision ol. industr.ial parks:
lf .r*?4c'i1 %.r"tai!
Al ?ttJr, h"f. ht.ti r. lf ?tvt.'ai\:, b) Supcrvisc the implcrncnlation ol rhis llrocllnrltion
t a. 2':t. lttl f,t l. f,,b.,t a. A. !,h !. 4. a
D
4 r 4 a and lbllo\v up activjtics ol.thc Cbmnrission:

,h) h;tiih.l'a-1.1. Tr,r-T. 4!. ?7.A. 0441 c) lnitiatc Policics on nrirttcN pcrtainjn!, t()
.e.n', "LlA.' invcstnrcnts:

tt"l h'IA htrt-4.t.14: f, h?N rll4.,

d) Ilccomnrcnd. as ncocss.rry- amcndntcnts
A.1h/,,Ay" liom, R.rttT. x?tt ^,;
titi|. O44l Proclantation and l{cgulations issucd hclcunclcl.:
lo thjs

,('.f'(.'.L\ i
 i.tr?f!t r
htt;rs'/ic.hiln, r,,: ,,,,,
.tllq +tc ,ii @)ll.:l' liii ,l'2 I'1.!.3 9.2"
t"!,a.d rra:l' c.^ro \a rs ,W,r rnrl 2020
tjcdctal Nqprir r,rlr
,") f'st', h.l"F- Af {lll.U }r?I: .4'," Z:r. l.,l.atnr. lssuc I)ilcctivcs neccssarl l'trl implcmcntatirrn L,l'

R',r!t:[,', A"?ht.Ar" for.,(^t.A't. this l)r'oclamalion itncl Rc!.rulations issrrrL

.'D.'Dt,!t':i:, !'a.tte.i l.ro.'o/,.e!r'rli,, hctcundcf: Itrllrrrr up and o\'!rsr-ic ill Ll

implcmcntation ol tlrc L)irccti\,cs:

4.l.'4"r-1:t- !,1D.'t 4txi !,,bdt rl.ai
l) h'? /il. o!.ri tt i".l. 9LA4.A oD\'tp':r I) Dccidc on complaints loclgcd br invcstrrrs rgairrsr
ltnt.Tl- htt4,7, i,',t.i.n :1. ( /'t,(,t;t,/.4 linal administlativc dccisions ol lhc (htnnrissi()l
hh4'ti Al.'X, oF4t, .)(.' gt-fi'f' tl\O4lt'+ or othcr lrcdcfal (;o\.cfuIncn( lisccutivc llLririr':
0fl.f, lr,l'F t14..','Alyl.ot (hlltl,). hl, t./.41 submiltcd in accordilncc rr.ith thc gr.rcrirncc
/.(r:1. .rD,"(,'I, ll,^t.,q,C/l.l. ht;t:). procedrrtt s spccilir.,.i iI this l)r,',JI- irritrn:
4.e .e.r)nfr\ !

n) ArlAU4l't':l'. t,,,t.in ( \..1iih1. a,.11. g) Pu[ IirN,ard lo thc pcflirlcl]1 (jorcrnntcn( Oreirn an
o' te),,tt r''.I!, ,, 9,1:1. ht (,n.'|lr; x,, Att.0.r asscssnlcnt-bascd r.cc()nrntcnclttion Icgdr(li nit tllc

ll,'llla!'itt ,l. rt ',t. t'DtfT p!-.ltliltrD. typc rnd cxtcnl ol invcslmct]t rnccnlr\.cs ir) Dtj

th.'|iih.\.rn,t:i. .n,htt'.I. titRt.Ni.nlr, .m.,,,ttr grantccl to investmcnls und thc cfilcfi.l li)f
idcntil\ ing inr'cstrn..rrts cligihlc tirI incunri' c:..
ll'1..'o[tt4. h"rrl,ttt,?. 4[l['l. ?ou'r-ttpl, hrl/|l
ll,t'i;+. 4r, ?'l..'Datt far.4tr 74,11 ,f.t,(..(tA !
'd) ltu'r't/-:l. hq f.rA lr(..":
h'^1..'a[tlr.tlt.r'. h) Dcciclc. in consultation \\,ith rclcvant pubjic ilnLl

lrtr4,l' :)(: 'l-t|].ot.', ,"tlhc i-t !.. z-l pdvatc scctof stakcholdcrs. to opcn t() iirfei!1r

lta..r,'tr-;1. )c ql,-rli:t y,trtl,tt.. rf,r- invcstors thosc in\'cstntcnt arclls fcscr\crl li)f ioin{
Invcstmcnl uith thc govcr-nntcnt. of k) d()I)c:ilic
nh'l(.' rFnt .lArr'll'l' f ,l'hnn.i o !,!" Ah,t(
rnvcslofs. or lof ioint i \cslmul| l./ut\\ccn
nrll.l. 15' Ao',"t! a^U4l,l. rl,?,R.i,
domcstic ancl lirlciqn irrr.estor.s. ils \\ell ts IrjsLlct
h.'riih:l'..'r:1. (4.hAn. , n:1i111:ym'I:t.
lbreign invcstmcnr in arcas opcn k) ,i)f.ilrl
oulrlt\. Ad,."r,',lAU4l,l' h,i:,I. Tirrt.V\.1
Invcstols \.vhcrc such clccisior is juslilled b)
?\.r{t r)- r,.,:.1. tirf\. (' h..r7ih:1,.4'.r:1. .'ohlt l. public intct esl colrsideritlions.
Atr'rr'tl .t'q,r" tlrlr\ h.D.,,r.,, rlntr,ll.?.,1.4,?.6:
t,?/i.h^d. f,ofiqir !!

ii/ ltctt. tltt.tt h'14,A' '10.h-h'1,1r (:.t') l,Rf\ .t.L (?f)

2/ An),dccision thc ll(Hrd a&.'l)ts putsuln! to Sub itfLiclc
.mtt'/.I. I u,t..( 4d4.rl1ay ,2.;rliftt, or.\Lr'.I. (8) paraSraph (h) ol this n|.ticlc shdll l kc inlnc(ii]rc
oti.,?t'}'I. '1.1,.4o,t. tarf q i,:, at.{l,,'rti |lh', !,. ut1 cilcct. lhc dccisions ol rhc lloald shall bc m.ulL
'llL o'.nf (lttl..n 1- tf,,t' lltLt (m'r,tE Att. 4l acccssiblc to thc public rvithin rtnc nronth in publishcJ
'l- 9.1,.'li h', P,.rf \. ! AC.t tt zt oI othcf 1'o t]s,
 Iltn,i!!6 https://chiloi.;ne
ar.4.^ 1J.:t ,at 4|1'c '!;I .tu)tl..l. 'd!i ,1,2 lllt,:aU
'r.t" ljcdsol N.g.rl (jvctlc N0 28 r\t' l l"'r 1020
'
lag. fnc+ h4n+ 32.Mcmbcls ol lhe llonld

il ocri. t!"'t-lvr ..1' hht. y,h:t h.l4.l- J,.{'{..fr'a: l/'l'he lloa|d shall bc constitutcci ol thc Itrllorr in!.r

'l'hiftccn nlcmbcrs:

u) /[.]4J,, a) Thc l)rinc Minislcr........ ........ ... Chailpclson:

.

A) al.n.l,4J'. "'tJ.nl.<' y't.^gro

/,1- 9on7't
b) A Covcrnrncnt r:liicial dcsignatccl b)'thc l,fi|nc
4t......................................!"tt:t r\ d.04n. i Ministcr.........,....... .. ..........\/icc Chirir.pc|sr:n:
't
rr) h?'t-(.: lth.'|.9-h,7-42 hh?fr,?A-,?-i tt4. !,.;'t h. c1 [.:ight Oovcrrrmcnl ()lficials lrarirr: uorr or
h't[.2':i.i h.?4t(.'fi tt2!',dt if htur\.:I. relatcd administralion ntandatc ovcl lr.aclc.

?r'?4'lll,?. lr4rl:o'. t C6'-I. lrlt.l.4.4,(.' )(: industly.scrviccs,li nzIlcc.l cvcnLlcs.aglicLll I Uf c.

n+!.nt .l,r{,tf 0!,1],',l.tya:s !/-4. )4h:1. erergy, and othcr [clcvant scc1ors...Mcmbc[s;
.?qlti''. hr..r.l. ((,D,r.t /Dl, )4t,r,it .. h.l4l, I
u.) l|-I^, I L'riin:t.t'"'r:t. ttc\i g."t..lPon. o,A:1. d) 'l\^,o fcprcscrlt0tir,cs dcsignarccl b) thc pfi!irto
.l'0y'1f.:1........... .......................hr|r\, hC SCCIOT,....,,.,,......, ....Mc1tter!:

u,) ?It,"t.'[", lt,^1.'d1C.... .h4dr Af a) 'l'hc Conlmission's (bnrnjssioncr' l\,lcrrbef irnll

Alt l.tl Sccrctarr'.

lil hhl.4'1, 0"'t.1t'r1l:l- .t,tL r1.040.or. ,!A.l'. 2/ 'l'he ChaiDcrson mal invitc othcf Iclc\.ilnl bodics
tr"?rl,ff1.l. .(4'ilt,/,'r, htt4:1, A0{..,(i 11,ll/lrl 4.47. mcctings ol thc lloafd \vhcfc it is ciccnrecr ncccssl.r
f,;l'.4a :,

i:l g,'tN h.'riih:t..to'r:t. CTi', tl/./Dorlta dn(:p,. 3/ I)rivatc scctor l.cpt.cscnlirti\ cli dcsigrratctl lo l)c ntcltl)crs
hqNr:|. (^1.h? @. htl4:t., ol thc lloard:

rr) al0(:ri. tt.4L,''.I. y,.r.t hf,,fint!-i Slrull Dot volc in thc llo rd s dccisionsi

AO,A'7. ht'"'I. 9,^t.!.tA-/,A. V,i A.l. t qi, o) Shall sclvc a tcrln ol t\vo ycal.s and nrar bc
^)
rr.lt:,. ho.4. A.ng oi. !,i'1.4A., fcappoirltcd lor onc ntor.c tcr.m:

.L) )41,r:).tl1o/.t" tf| 00(.',ri. tt.!,!,.|,\. c) Shall pafliciparc in thc lloard's procccdingr and
dischargc thciI rcsponsibilit) licc lrcm anr
t "r..? r.Jit-.|" 1'4,1.6: ll"ltrfot.y. .'.,Alr. dir.cct or.

indircct situAtiots crcatin.a conllict ol intcrcslr llrc!

tvt.'tl.,/| (-tN .t+,ro rt6lbl' 7a |trt', a"alt
shall rccusc thcmsclvcs ,l.()nt (lclibcrilti(rrs ()i thc
oott.'tl. !',.f Cq71?f\ ! f-rr\,r+rt', (o,t1rl
Iloard in rcspcct ol- lIi[lcl.s rvhich inrolre rhciI
a!,,)- ,'lttlrot.y- (,t+t Tn:t. 9.,I.eh14 pcrsonal intcl'crit ol.gir.c r.isc rn\' li)fm ol conllict ol
't-B l', tA /-4,lttrv'i lt't'4,?.6: 4t4'41
lntcrcst:
f,1'(.'qll:?a::
 rr''r.iMf https://chilot.;re
LAz,^ 11.:1. .,f rar .ttTc ?ii.: .D2t\.t 'fi .n Al,.i.( n.r l:cdcnl Nc$rn Cizeuc i\.'o 28 Aprl 7"u 10]0

lil lt(ltt. htn}4!, h,pt,1. y.t.ait.tl:l.i tt4tlf|qtn 4/ 'fhc Iloard shall adopr a l)ircctivc dcrcrminin5i thc
t"'t.\Xti.I:t r f .t.y j:1tr. ,Fri g.l'. gz?..1,(..11.0,1. hf proccdurc 1br its ovcrilll \\'ofking. tlrc oond0ct

0-41,?7' ?.'t.lrflr.tll-', lD(:.rl- 9,,l.on', .noot,.? nrcctings. thc submission ol lnaltors it consitlcr.s. lnd

.( ttr.lArl thc rcndcring ol' dccisions.

l:/ 1""t.'11. ?oc&. A.t ..l' n,+ lr.i .f 'tn-r4a:: f 0(.-.9. 5/ 'lhe Commission shall scltc as Scclctari tol-thc ll,rald:
8'f,l.l' 0,'l' | 1,-t\.', tin,lo. Of,A lAd,F,At the Sccrctariat shall organizc its o$.n stall.

4r. f0c& n'fln,tPT.

35.Mectinss of tho lloard
Al ttt:$. tl?y'hl. oc h?y-. UL f, tnqN. tf.if' l/ ]'hc Boald shall mcct ollcc c!cr) rluancr- but ntit\ lcol
hhl.4z. u"i (\'?'l'f nv lYlltlro''lt 'l-tL additionall), as it dccms it rlcccssan,.
l\d1ti.1t J":l'.46\::
il il't'r't tl4r, PLtf| f0{.'Ii. h.t4l. 2/'lhcrc shall bc quor.unt \\,ltcrc ntorc thiln hall r)t Lhc
nnl'r4.0-!n n.0na lr.t-r?: g'a.t4._.trtL mcmbers ol lhc Boat.d arc Ptcscut a1 ant ntccling.
I'tft A*

i:l ?tr(:$. o.\?,pI. !.9-li .0rr"!r ,eAil.n.3 3/ Dccisions ol thc Iloafd shall pass b.r- nrliofil),v)lc: ilrc

rf S'r.' 9,l.rlrn 1..r"1. ohA fif 1 h,, A|/l

Chairyclsort shall havc a cusling vote in casc ol l Lic.

h4lttll.dy ?'t-AI t.tt. ( a. 4L 04,{l,err{.r,\ ::

qiq. ? la-'rnh+ a'r+ haltra lr.r-.b 34, Invcstmcnl Advisorv Comlniltcc

'fhc Boarcl may, !s ncccssilr\. cstalblish ln!cslntcnl

ocr". h'rA hh4.4.L14: (h..riih:t..r,,.r:t. ho,tlv
Advisory Commi[ccs. dclinc thcir \,.1il (Litcs
lti'1.4;,':Itt !r.+,"tAi )4ti).rl7tn'1 !,t h.; Ai
and dcsignatc thcir lvlcrrbcrship and Chrirpcrso
ha4'l:? fr I d4lq4l./'1t,lrdl'', !,i f,"1 A t rs

ii-!E. ?h-+?-tr r h.?iin+a.?+ h-r.n', J5. Dlhiorlial Invcstmclt (irnrrni\si(,rl

lh.'l't'A'.e h.'1iih7'a"'1:1. lt,,'t.';1i', ?;h-t nd,.rl. 'l'hc Ethiopian Invcstmcnt Corrrnlission is
lrcrcbJ
.(Ai'D. Lal:' (l;A (t_At a .'o.rct/-:|. .,ait! rccstablishcd as an flUlonontoLts lrcclclal Cot,c|rrnrc|t
It,;I- ' .t'nt74:rn Aljn4'tr, rf ,;' nrt.t Agcncy hlving its orvn lcurl pcrsonrlitv and
"r-7h1,<, l;ein.Ll
hl'E til A.rt .1.4+?a:: accountablc to thc I>l.irnc Ministcr..

qI. 'Pq o"h43 tL+

36. llcad Officc
fl'."/.'d'. .1,f ln n/,! n l. h.g.n A0q (/r.nt V.i'
h'l(hhl'4't.7'l:llol';'|ltol.)D O)' +1ir"o$i l'hc Commission shall havc its hca.i oilicc in Addis
otl,!' .I' r(, *'r,L'?. 0,.?' A,.i ln , !,'l,tat Ababa and may. as ncccssat). havc branclt or li.risol
o flicc clse$41clc.
 i:iir.!'( i!, https://ciiiitl.:-ne ll||l
l.,a4.d \)/,1- )trdt 'I,tc 2;,t: -.rll.l.?lr .l't i.r"
{?t i:q t:cdcmt Ncgnrir crzcuc No ?S l),,t 2"'r.rr20
'!/ 't. r.tt"t! f ,..??in'l. hL'A' ot"ldal1,|t' 6/ Promotc cxisting inlcst ont oppo|tunitics b1

ll"7n )E:1. !h.t.t'ot lAt d..nf+r. n.l?Sl- prepariDg matcrials on samc. and ltroridc. uporr

A"t e./.'t h.'rii hl- 2,,'r 4. 4). t, !, +', yl,rf't :t' rcqucsL. link-up scl!iccs lirr padicipanrs ol ioinl
"r.
invcstrncnt;
t ',O'rn "1. 3,6atr\ i

1,/ h'rL.t: ?h;riih:t'."'t7- ht-/l.T.'t (arh.t lpot+ 7/ Makc industrial pa|ks plomotion onc ol'irs corc
l\'r+h)'tL th.'r.a,.h:t-1, 2'C!ll!, .'rh,rr0+ undc(akings \vithin thc nitlionat ln\cstr-rcnl
h'rt+. Aq u\'l t- l^sD- hl:Ct f,'14'4'PtrNa promotion work:

llt'D'r.'l /- l. h.'rq.h:I.t :r'(:ttlt, (@t.tf <. ./ltfr

8/ llstablish rs a corc llgencr il cost-cllictivc s\'slcllt
h.'riih.l..'."r 1-
? o.q.A"T? tfih.t 1'a+. lbr and to providc ! co()fdinatcd. acccssiblc ancl
rl^r,4l.t:l? ltr,.,q,tl hf lt.,,,.t,d.,od .2(: accul"tc inlornlation 1o invcstors and otllcf
ll4-,e.( Oqt lrAT:I- f'4t:1. 4tlrtir, ("1.,t'rtr conccrncd bodics \\ith thc put.posc ol-pronroting
/-c'l:l' ll"l Ad-E l. H-t'.;81 i.Aa.'l ?rf invcslt)tcnt opl)ol.tunitics in gor,or.nntcnl,or\'nccl
:l.'tthtr, a,4n A.tArr4l.r.l" ht i.,.t..,nittt1.,It.',. industrial parks ancl arLr.actirrg ancl rccltriLinr.r

,td.(-..'{ llh4.l. .f+c4a a

investors;

i/ (a.6tr h;riih:l..rD.t.l.rl. A.o.n h.?:in.{,finr. 9/ Negotiatc and sign bilatcr.al inVcstntcDl ptofir)tion
h' :+ )t: h'tl.t: gf,')'At:2:t:ro.? frr.Al.f.lf aDd ptotcction tfciltics \\ith coL|l)tl.ics thul clD irc
sh;riid:t.."'1.1. uthl.t,.? ht +Iu t/'^r"r.tlt. sourccs ol oul\'ilf(l lirfcign inr qstnrcnr irr

4' 1.4o't.t.1- tl Aft 9.r Af h.l'\: n . r-r.t il. .,.! tt.e arccordancc with tl.rc pr.occdr.llc undcr thc altpliculrlc,

l\t ,"/fr'A,lt! ;h-t /-C.r:l' .n,,r,t::1. jaw on intcfnation0l lrcaL\ nraking

and rdliljcrtion:
!,At.ga.A-.
!.l.cn2al
!1 lll'dI.'[l.. lltlMt4l'f.l'. Lf hC lltt N\. .',',r,'t /- !..t: l0/ Causc thc cslilblishrro,rl ot- an inlir|Dratior
hh4l. z'.,tfhA at4,).1 hc +rrt:/l4. t.,,,L:E q:..|l, cxcnungc syslcnt ltti cn blcs cul.rcnt .ulal
(' g"r.,(h'rt p, gttolf, .n,Atpor6et pcj:r- accurulc inlbtntiltion l]o\ bct\\.ccn thc
^'rt.f
h',ri. l. nC .e,q(.'.r.\ i Commission, invcslol.s an(l olhcr golcI'rtmcrrl
agcnctcs:
.i.41 t.'1iinl.o"'7:1.1 A"?h4,4,:1. 0,lnu,fl.f_:l'.,
I l/ Facilitatc liaison and cllicl coordrnarror ocrrrccr-r
n.'D'r"t/,-t..F tmttt! 0,.t+r 0trr\e\ invcstors. govcrnnrcnl agcncics, rcgion,, antl
oun4.&3.c"I. hc 04^,il'. h.'ldtt:t.n,7:1..7
othcr otg ns conccr.nccl rvith inlcslntcnt \\itlr N

ll|'a"Ah.l' h'ttt4tt:r' 44rFoF rrtl4,l' z,,hhA vicw lo cnhalncing iD\jcslnlcnt:

",'r'l.r:1. \', f,.,f (: .(AC)At.pat,l.,l,ttt.a !
 r:l-if.!i!l i:{
https:/lchiloi. nre
4r.a,.^ r.,.t:|. zrLnt {'.r'c t!. a:tll,l tii 4", eli.i? ,.r l:.dcnl ;\cE it (iucrrc \o 2l ,\l,rn .""" 2!t0 r)i,!
!.iil ,.l:l.:,rt
t1'rftl1ar.'rrD h..riihl,. .,b1:42' l2l C'ollcct- compilc. upddtc rnrl\rc illrl disscrrrir,rtc

.f,n0nrf A. ln i4,1,,di utl, ).,t!, ,(9.C:)di any iDvcs!men1-l.clatcci in lbrnation:

J,,tl.1'$r\ r .? A t.r\,A i

.t.i:/ tl't:d'd|,u" 9t-dttl'r rta.a (h.'riih'1'.n't:l' N'L' l3/ Issuc, fcnc\\,and canccl invcslrrcnl pcrtnils \\iLirin

f,nr0Ai .?.q',lr\i f,n(.'rlA | tot'"P its.iurisdictiorl itncl lcltistcr cupiul btor.tgltt rntir
^'rq.t'r"
llAU,0.Frl: ot3 h't(: dl.nf ,rn,t{l-'1.', tt'r.'y'.,\ thc countfy b) li)rcign in\ cst()rs;

f,.n n"ltl{ i
'!.!il tth.2iih:t.,,,'r:t )c r.t"e ! . r'[.h.i4"4 'ri.r?{: l4l Rcgistcr tccltnology tl-i]nslcf agrccmcnts fciatccj

n .r"r.t +,, !,.^, -t.td: to in\'cstn]cnls:

'!.i:t |1.4., .(.,(:F.?. ?h,r;.:r'd\ .rDl' rt'n 4! f.(:'l ,to,.6l! l5/ Rcgistcr I collaboftttion agrccmcnt lbf c\lroll
tradc without capitirl contributioll bct\\'tcn ir
'r.t!: 2t: al'l.,r3rl hh'l(: dt'al4' qA 'al'?' 2(:
domcslic in\ cst('r' itnrl tir|eign t rrtc4rr'isr'':
I 01. I A1'ttt-', f .1' 4l4lc hr- !"1 l' !' a\t"Iq a'

(i"t,lt1r,:' 4AL4t't':1" l6/ Monik)f thc progfcss lnd ilnPlcnlcnlillron ol

:iil ? h:liitt:l'as7'1' l.!9'
invc$lmcnt ptojccrs lirlrvhich it has ir;surr'i
t:f..,rnh+. tr:t 'l'.:ftr,f.+ ALE hl hl-A f
pcrmits: cnsurc lhat thc lcrms ol'thc inreslmcll!
!,lr)-t,4d, 9t..tiih:1.a"'t:t Lrr,. g.Prl;Fdt'
pcrnit arc complicd \vith. tlrat inccntivcs grillltc'i
.,t'ltf| l,.tll orrr'. ,1i/j.it12'1.
0'r':) ,'"1'
'
to in\est(rrs itrc uscd li)r thc intcndcd pLrrnLrscs

A)' AaD 4tl1o.

.I .'bq 4,lr tt', \'1 ti.tl' {" 4l'll" 14!
and that trltionirl in\'cstlllcnt obiccti\cs lll.( irl( i:
^t2
(h:riih:l-."'I:l''r4rlr'7' ut,2,4!'41tt.'I

!,+4ltn1"di
i l7l l)tovidc irnd coordinillc ollc-sloP scrvlccs:
i...i,l lih't 9: "?dhA lr'rr\'?A"'1' ,rn"l.\! 'en'f'rl'(ll''i
'!.:t:t gf:rrL-t,.'riih:r.tD't:l' (!::,1i hl h+:t'A t-6'' l8/ Carr) otlt post-illrcstnlcnt support illrd nlonir')finrl

o'' hh4'l' 2C rl+''E':l' serviccs in collabo|irtion rvith boclics cstablishcri

Arf.r, ?4"t tr'l'**
lbr thc Ptlrposc:
-fhqd,'Ti\:
!,iil (,hr\A lr.le,0 .(4;t:or. h.'riihl'.,D'r7' .n'haf l9l Extend 0dvisory atld lcchnical suPpott scfviccs 1!r

n,.t:f.? A,'t.nf h(: ("'r.Zti. g,)prtrc hq t,'t'ht h strcngthcn aPpfol)l iolc illvcsllllcnl orglll'll; i)i
!: )t:.'.lt f,Anra'l li)1''
gf'tt1-t(: !: /'lr"I"' Regions- and otganizc.ioint consLlliillion lofllrrrs:
"t'

.f llri{,\ i
ht p;', A"lhl'Al"
r\
20l I{aisc invcstots' a\\'i1r'cllcss on lhc contcnts
(Jl th
?i/ rt^rr.(t'1"4'. 0tl.rt h?,'t
^'i as rYcll as Rcguliitiorls ncl
i,,,t.on f-' r.l. 7rg tntnt(,1'2'\' f,:l' 4l' Proclanlation lu

Dircclivcs issucd hcrcuncicl :

(,t.,i' t.tlt ot .f r\fi, t;, r,.!''lla:,( Aa: 2 A i
 https :/lclttit,i., r ;e
4r,2.^ l)t:|. ;1n,"1 4'q1 ljN aoll.:|. iii ,lr, !ilt.!.i tr.r- ]i.(letxl \c{n'rr cizcfle \o rli ,tD,r ?"'r ltrlo
i1i'-_i.ltrdl f,T.Obicctive

fi(2.'dt. 14"1 Ah.'riih:r.n'r:r .f"li rrn lfill..?lI! '1 hc Obicotivcs ol lhc Conrnri:'sion shall bc Lo cslill)iish il
tt.t,)' .n'\:.tra:t ?,.7iin.1'."'1:1.1 .'t t\41 ).f conducive invcslncnl climlllc. alLflct 0nal [cLilin
."t.1?f:f. h.; -rl.\A. hq,l,e\ttt4, y}r,',riih:t..'"'t:1. invcstments- aocl implcmcnl I lrilnsl)ilfcl)l und clll,.lcrrt
lrh.l.ri.R(.' / (, l-', 4rI tl l,4a " 1 9: L'1 7 0t. z' invcstmcnt adnrinistration sr stcnr

i,!d. th"?-'itl Pr\,[? hq t?.lc

38.1)orvcrs and l)utics of thc (,'onrmission
l'.'v.'iit. r
-lhc
Commission shall:
n/ tf f l
'r, I h.l'E .'nDL:1. hq.("tor.
h,P;e !,,rr
ra.t.(/'4, r\'tti.tt,r- l,/ lrxcrcisc lbwcrs i.rnrl I)ulics spcoilic(l Lrnclcl this
rf.,r.(,f,fr. f.?0+ hi
I'roclamation. llcgLrli]1ions and l)i|cctir cs i sLrcd
(h.'Iti.h:l'1' r'clof' hh4'49.(.' ).f 4:Tr(:?
hereunclcr'. ls scll lrs other lll\rs cil:lllr'(l L()
Atto.lrtr' llorn. rtA"'l'. tr7:i. f.l'A .:lrt adnlinist0f and rcgulaLc inclustrial purl<s:
/-A.tt't h(; 4r,t.l(\. t-a, 4,e, .e4,.4.\i

ia. | ( h.'rii n: r uo', :t ?..ti f -T.? tl. l'.'" Att t. ll,?d hr\ 1.?.
2/ Sclvc as ruclcus lbr nr ltofs ()l inresuucut anrl lcad.
n"?,rA.ra tih..riih:t.(,",r:t. 7ir4,n.a,n2'"1.., pfomotc. coordinalc ilnd cnhancc ilclivitics llrcfcon:

!(lZ)'l'r\. J' 'l'rl'{11^.\i th4.4-A!

!,m /,.d1
i'l ,"1i hq .totttit h.'liitr.l-.'D'1.1. lt.lll. tt,I,l.? 3/ Initiatc polic) and inrplcnrcntation nrclslrf.s fr', r rcJ

1irri.'i'c d^lq:a'l ("'t.tth$- ( /'A.(\. h'i t() crcatc ir condr.rr:ir c arrrl competrtir'r in\csirncrl

lhl.,4?,r- orllr'.1:7 !a,'\atl{, A.l..t''('r" climalc. and lirllo\ uP c\ccrtion ()l slinrc rl),)rl

4-tttL.t: !At:.)Al aPpro\'al:

iil h.'tiih:t..'D'rl. ('lh't{'/d'4' pz'r''.1.', !'.&Adi ,l/ l-cad invcslrncnl pron,olioD lcti\ itics. coDrpi c ir l;iL

0h.'fiinl.o"'1:1. .l'4.?'(i A..(At.:,t' ('t.'.l'd.. ol potcr]tial inr,cslo|s. lncl inrplcmcnt ra|gctc,.l

.l'1.4?. 4Ar',ll.t rl'.', 'tt(:'tt(: .( At.?;ai l\'rli.o'1" invcstof f ccf Lritfi cnl \\'of ll
!.1'u1n1- ll^U4t,t:l'.'t A.'o4.Il ti"'t.fh'.I',il.

/-2.2''.1:, .eh$dr.f r\ !

?i/ h,ta4, .t /'bt.,'rr ( h.'r"h:l..'D'r:l' .tD lt14 .n'rf ';", 5/ l{cbland and brrild thc coLrnlf) s ioragc us .r

t.'l.!trt- thti.n 'trr' 'I*'xr" af 'l'rtl)' prcflrfcd invcstn'rcnt location: ielcntil\ and corrrpilc
tD l,'t':'I"t !,1t6/:t| lltllctr 4J,341 lot.l:y:(: invcslmcnl ol)poftunitics iD cNch scclor inLliertin!

1,4,,t"11,, 2,,; f'r"t!: t./,. hlLl-', (x't..(ao\'lt.l: in!cstnlcnl \Jlur i1hrl1,'\ili,'Ir : rrr.i 1'rrrirrr'...,r'',sr.

.n,1.:p;2'l:, r! . ( h.'riih:t..'D'r.1. d.(,..A"+? n.e.'r. and prcp fc prolilc ancl pfirnotionali riocurncnts oI
cach scc(n rrrr,l rlirscrrrirrut. \.ulrc: ,'r'a..r'l:/f
,( f.t.:{a; trl(.'q: 're4,!,i"4-', lr.i .1,A":1'.

(,,'th,t1,avL.e K.h.E:i.'t .?|t)4A. .?Al-^,1,d1

'rvorkshops arrd scnrinar-s localll ol abttrrl: lrnd

participalc in sinrilar cr crrts ancl uonrlLrct tr air rin gs:

'tot.9--ctt':1.'rt 7,i ll't.q (:'.1", llh'tc o).nr h'i
ilo'."t! h,tC fifl..qAri lt4 2?;. 4.oD44f,
.t (,:,'tzrtt + 4!,
!,44.4.a, /Da'tlni 2'rIr, !"h la'
 i. (n. it r: i. ! https:/lchiioi.rire l:4l6
t2/,7- )tldt s,tla 't1! .tu:tll.:|. !{i f? (it.llli Lr' r:cdcr.l Ncgaril crzcrc No :18 ,\pfll 2"'i 70:10

!;lil ltl..tt4l.t' '"tt llfjfli(lr. :)(: .m All:{lt ht 2ll llold lcgular and slructurcd publicfliv tc dirrlogirc
fi/,t:.1:1, l'.t ^t;
tl'4,1 liaD,ror/-:t. h9 g-ra\ lrt'it: witlr invcstoN rDd thcir associutions. cirLrs0
,/.rtltr:'.lr, .?ttLq{! h.ttl4l7.7. lr4il:or. invcstmcnt bottlcnccks to bc rcsollcd iD

S .'.,'r'l
/- .1. htt4't .tl: llrr,4'tllll: collaklration rvith lp;'llopriatc (;orcfnmcnt
()lgans:
f h.'riihl' ."'r:l- "114,p+ lir&t.4: !ACtat
'tg.l (h.:|.y.*,( |,.'tiih:t.t
"'t:1. ItCk', oa.nt,lpil. h.i 22l Implcrncnt clilcctivcs irnd dccisions ol lhc I]oafd-
,',y4r,y''.I, f,l.A.olN' tlnr.r'D Altr'rlt 0- iLA",l'. and lirllow up tlreif ilnplcficntittion b) olhcf
hln;|, .r."l."llla-rri.tt.'rtf f,ltjj',/''4n| | rclevanr bodics:

ti:/ ('t41L1- qi.n:f f,lf$r\i ,rr.;\ !,q/T4Ai nd.,t" 23/ Own pfopcdy. cntcf j t() contracL. and suc antl bc

.r,lt4r\i 3,hd4A , sued in its or,vn nanrc:

?; iil '1\tr'lt', lrl,ll A'2L'1,h 9.r..?hl.A't. atu'l'.

,I.ttdl E
24/ Caffy out otlrcr. Ilnctions pcr.tincnl ,i)r propcr
4"'ttta.:tr, .?hfot.f A.
implemcntation ol' its obiccrivcs;
,;i:l Nt.t lrj'I taf.rlm.,?.'l .t{t.lt.:I. ho,t an\h),,ltor.
251 Carr;, 11q1 11'r" lilnctions cntrustc|:l to it hefcin ill
( t-3.LA .'D'r"r/p'l' 7.C gh.\/a\ (nh,t'tl!:(:
coordination rvilh otlrcr. lrcdcl.ill (i(\crnncti{ ilnd
htr4'?. .rc 0.1'?.R:,?' .Phf or.f a:: I{egional Stltc Ad|rlirisrf0tion l}odics.

4f. ?h"?.?f! h,tf 39. Organization of thc (iomrlissiorr

l,'?.'ai,,.: fhc Comnission shall halc:

hl ll r+4!, or.'t tt4'1, gor.'(t @. lt"t.'titc xf h?f,, l/ A Commissiotlcr and Dcputy (irmntissioncr.s lo bc

hlrl.4\14: rotrt.A h/?.'ritc':l'.. hq dppoinlcd by thc l)r.irnc fvlinisLcr: ano

'9.1 2/ The ncccsszry stall.

A,/-1,4r'- ?.L.ehLA't. u'Z.'t
",rlt. !:i'i.:t'tt*
9.?h'7-n C PAan +1,qq 40. Powcrs and l)utics ol lh0 Contnrissione!.
^q
t..t.'lrt.l 'fhc Commissioncr slrall:

i.l (h"r.. 1. .pq /_ 4,

hht.8.1. n.mv.' ttttcf,. l/ Ile thc Chicl Exccuti!c Olliccr ol lhc (irmnrissiorr
ll"'l.A.nnt. \6 tl' 4 X', ov ob /,,( lro tt' L:t ?lv',1.'lil.', and shall. subjcct to gcncral inslfuctions givc| b\'
thc l]oarci. ditcct ilnd adnrinistcr ilctivitics ol the
/D t. r,..L !..,o z^A, ! n.rA !i- 6A I
Comnrissiot'r:
ltl (lfl.u irj,.F h't,t,t; ii:t (i..ll'Att t:lrt 2/ Exclcisc Powcr.s and l)Lr(ics oi thc (i)nlnissiorl
(tt,"t.'l,r:, t-A4r, ,r1.lt.:1. It-l^ 4!,
spccillcd undcr Articlc jS ol'this l)r.oclantirrjon:
to,.4d\
^q a
 i:ca.i!i:,i https:l/chilot.rne
l-t a',r 72/,7' J$nl +'t'C f.:l ^r,tl.f ifli.l"t (i[!.(-,].r" tjcdcrnl Ncu. cnzcuc No 28 Apit r'r'r 2020
i'/ ?lt.,t'l\.', ,'r 0d"x.LA 9tLii:d\ n(:h:n 3/ Ilmploy. adnrinistcr- ond dismiss crnployccs ol thc
)tr'l .'n,"L:l' l,,l,,t'a.di .(,n't.,9.r4'1.a. Commission in acco|dancc lvith thc ljcdcfill (-i\il
Scrvants'l,arv:
.edf '(|y''la\ a

4/ Detcrminc conditions ol inslitutional citl,)ltcit\

l/ h.l.d,?f. r.\.?'l' h:t/.:l- ht .tA.(..(:4 hlt4,?.
building agrccmcn!s concludcd rrith var.ioLrs
:)(: l.'1.1.^.'t'- ?'l.*"rt h+r" -t'rtltt' :l.4l4lq
dcvclopnrcnt partncls nd pcl1incnt stzrkchul,,lcrs.
n.zr.2,'.I.', f,fl,nf .\ |

ll.I.Arno. v,,1tr,r77 "114,.t !,tf' h?F ftc 5/ Adopt l)ircctivcs rcqulirlins n]altcfs ialling \\i1hin

h'l'?i-'l au'7.:1. h.q'(."t rD. |,ry-.trtrr. A'rF,Ir, the scoDc ol' ils Po\\,crs .lnd fcquircd li)f lhe

AoI tt t.^.)" ('t .? h t. A'1. .m.'o t,.e y,Tr, .( a t't A,

implcmcntation ol' this l,r.oclamarion untl
Rcgulations adoptcd hcrcundcr.:

llv^l.'h.', l?,/-t. o,,(:.h-t4lc hf {lf l. itf rff,f. 6/ l)rcparc and submit work prograln and budgct oj thc
A,nl'4f. .,t.1,h:t-c A.t t.l. n,,1. !,t,ctter:: Commission to Ollicc ol thc pfinlc Minislcr. r|d
d.ft.f..+,. .t't.l6.n lAc2e.i implcmcnl thc saDtc upon alprovnl:

7/ Ijllbct paynrcnts in acoor.dirncc \!ith lllc al|ro\e(l

:i!/ dltt^t.'d\. lt.t't-4'Aot, 0f,1. Lf ?/-6 (,"C,tt,t4l1
budgct and rvork plogritn ol thc (i)nntission:
.n,t,, Z.l. r|1|i.( tt'T.', !,t.^.tta.I

!:l hy'h4.?,! ,/I,fi'rl. .:)(: lt@t.Aa,r. "t.t'frrt_rl. 8/ Rcprcscnt thc C:ommission in ils dcalings \\.jrh rhjtil
lt,^t.'ti\:, !,l/'Jlt4A: pafl.rcs:

!i/ (Isr.'tir:, (/-.. ht.ttr- Af 124.0 Zz'C.t:1.

9/ Plcparc anC submit pcrlitrntancc und Iinanuirl
h )k.t A,n+4f. .\r.h:I.c A.rt4.:t. rL,t. rcports (,l the (irifltission to Ollicc ol.thc l,firnc
.H,ctta! Ministcf:
!:/ Alt.r.'n\. /-2, :t,A.t,q:q 0",t-!fit-A,,t .ro.n,
l0/ Delcgatc part of his porvcr.s und dulics lo r,tlrcr
/,d t., ,t,"rrt{.? 0h/,r\ nl,../..ii,,. tun"T.
officcls and stali oj lh( ( onrntissi,rn us ncL.r.s\ilt.\
)4r,2,:i.
^.; ,t,(,..t +l. {l.''.hi\f
ht ,,,d,,1,1:: l'or thc cllicicnt pcrlbnlancc ol thc Cbntmissjon.s
activitics.
ga .frh+A h2?trc /,r\41? hf ,t.?.tc
41. Powcrs and l)uiios of lIc Dclruty Conrnrissioncr
!;. l r"t t
:1.
A h-1.' fi, r. I l/'l'hc Dcputy Conlmissioncr shirl|:
t,) rh'".'iit.? 't.'r4L'i'. 0.9+.c..i n"t A1,.E:t.i
a) Assist thc Commissiorrcr in thc dirccting.
lltny"6;r. lC 0,Tat.t.rtJlc lt-t..tlti.,,
administcring and organizirrg lhc functions oj rhc
t,ztla I
Comnrission;

d) lf h.I'li'r. .'D.t'l'C .mtu.:I. | /-i. ,tiifiA b) Ovetscc pafls ()1 (h0 Ci)nrmissio['s dcpirr(n]cir(s b\

Iott./.-r lth."if ?. Irc6::f assigning l'unctions in accor.clancc Nitlt thc

hLA:'
structurc ol lhc (lonl|lissio||:
t,h!..t.4A1
 i. (if.i.it !lii https://chilot. me n s

t-8..^ r)/,:1. 20."r t,r.c ?i;i; ,.,.,n.1. iiii .t'r (il.i.( .t.', l:cdcntl Nqjnrn C.zc(u No.zs 2"d 2(r2{, ..p4c
^Dril
.,rl lt"'t.'dr1. lt"? !,,f cll:t' ?.rL h.l.? .t.h,f. c) Act on bchalfol lhc Commissioncr. in his abscncc:

!,il.Al
d) Perlinm sltch othcr clutics as nul bc spccilicull,
.-lltlpr.'lill' 4.A!,l.tD. g"I.nm.:t'r r\i"'l'. cntrustcd to hirr b! Lhc Ci)rrnlissioncf.
4'?.1(:11: .ehqd,.f .\ ::

2/ Thc Dcputy (i)mrrrissioncr shirll bc aecoLrntablc trr rh,;

iilr'tfi'il lvr.'ti71. .t n474t Att^t.'fr'<. llxrqAx
Commissionsr'.

Ee.0{'} 42. llu{leet

rh"?. ,i?. 0ri' i.'".r.'t /:1. !,a'&.lar 'l'hc Comrnission's budgct shall be allocatcd br. rhc
Govcrnmcnl.
2f .?Y4'/J. a"4a,0+
l3.llseb-q!4.e!.q!r!
l'"r-'d1. ?t-%A. ht :t'lfitt'.f fif1. rr.44l l/'fhc Conl]1issiorl shall kccp contplctc and lceLrr.utt,
^t a^t1,01. !'.!,tt{,l
books ol'account.

!;l (h'r.' 1- H.441 .'Dtl't,tl:t' h.i','ttt4l-rtt fitq;|. 2/ 'l'hc books ol'acc(,ut.tt and llnzrnciirl doclrmcnts ol Lltc
Il'l"itrt hti.4'C a!,r" ,l'qny hti.4.C Commission shall bc auditc(l annuallv bl,thc lrcrlcr.al
ll."I f,ao.tt 'l.C llthr '.1, !,t't Z.'t,t.A.!. Auditof Ccncral or anothcr n udik)f clcsi{nutc(l l)) iIc
^tt I:edcral ALrditor Ccncr.al.
9!i. ?t-9.6A o.Tar-+ hq ?h /l. a",h+qf:e+ 44.Establishmcnt of lhc l.-ct!crrl (iovcrnrrcni lnrl
? h;rlin+ao1+ 'r..t1, o"**P llcgion|rl Stalc Adminislrntions lt|vcslnrcnt (b n!.i j
(l-AZ.a,'".1-,r-1. lf rtlar\ .,oA,t.ri.q.c:1.. A Council lbr thc coopcfativc anci coolclinare,,l
( h.'lii h.1. otl:f htr.Fri.s,(..? .t.,"AIt.t. ll:t-4l4t1 adninistration ol invcstn]crt bc{\vccn thc l:cdt,rrrl
hf n+,r:l:l. g"t.(r?-[:t, .,rt 1, [tt,t, i?.[ (lovernmcnl and Ilcgional SLltc Adlnitliljtfatior)l;
i\
't'*+?.a,, establishcd by this l)r.oclamation.

34. f?..|a@ pe\4? hf +?qc 45.Powcrs and l)uties of tho c{}upcil

'l'tl'LtrY t - 'l'hc Council shall:

Al t4.UAA hc g.r.+cf ( h-'riih.7..',,'r:t. hu,t.c l/ Direct 0nd ovcr.soc irll aspccts ol lhc horironlll
A"tht.', fit{t6,r: ( h..tiih:I.tn'r:l- hht-tl Ac rclationship and coot.dinatien bct\\,ccn 1hc, I cclclll
?"19'1" tll"AZ'A .'D'rdt /D:l' i5. nhA.r Govcrnncitt and Rcgional Statc Adn.tjnistrAtions

./r,n4.4 y:e',I. ntfl16 gt.1.t|4n ', t.i..r-h+qi on mattcts rcl0ting lo invcstmcnl aclntinistralion
g7,r?: -tT'lr,:f ,|f +,16:r. tt!,r:t lvith drc objectivc ol csrablishing siurplilied ancl
synchroni/_cd invcslmcnt syslcDt:
1,.'t.1,,A,
 !.(h.ir!ii https://chilot.me
t-tt.^ l)a,:|. .rlrq +tr ,:t- , :rtl,I. li +1 glt,.tll .r.r' fcdcol Ncg0rir (irzc(o No 2lt ,\t),il 2"1 t0]0 |r!lc
i./ Ilh;rith:l'^'r:r' hlr.l.'t,QC (t,3.a-d 2/ Delibcfatc ancl tlccidc on or put lbrlh ir
aD'r,\ :t hf f h;\r\ ('n h.t' 4 N. e:I' I"t..ii Z.T o
p recommcndcd solution lbI all nraLtcls c|suing
/-f\.rt', hi i\^t,r:|. n.t,? ll.I.1A. 't,p,tt.'.I. 4f, pcltaining to thc crclcisc ol po\rcrs itnd lirnclions

f-(,)Af'\ tt l,r" li."'.ti:l'.8 ,4'll !.d.nlN'l ef th0 Fcdcrtl (iolcfnnlcnl und Rcgionul StrLc

tt-4b/'rl. ot !,!" I (m1::t'.t\, U40:I.r. h.r.l4lt,l. Ad inistrations irrvoivirr" iD\,cslrncnr

y" admiristration. ancl cnsurc thdl such dcoisior)s of

4Ant. 4.fr A1. 4A1. i,'1 !.. L-1 tn' 4X"2;1t n"' 1
^', rcconmcndcd solutions arc conr,cvcd to thc
1L.)-l/,tai
relcvant institutitrn lnd conrplicd rvith:

i:/ (r-f.l,.A a'r.tp+ ?.f t hl^r\ ut,h,f ri t.cTr, 3/ Establish an ovcrsighl s),srcm rhal cllilblcs
(l"t.l'tt'r:. (,r-t. r.A.tli. (h..tiid:t.tto'rl. cvalutlion ol rrorkllo\ bct\vccn thu l.c(jcftl
lr'lir?4"i. hLt,,!.'I Acto''t1.1y- V?.!n+A Govcrnntcnt ud llcgional S(atc AdminisLl!Liol)s
ftr.?.,?.r\ /-c.I:t- !, /..rNi. ?h.7iinl.."'ll. in r.csllcct ol imp lcntcntal i{)n ol- invostt tcnr
h,lA.?A"'l' ht.hK!- tir4'4.:1. 9,2-1f1. .t.ptt.T.1 serviccs; put into lclion I s)stcn to p|cvcnL anci
,-tt{h,? 1{' "tat.t,hh,f rtij:,. .l-'ttt/,,.p. resolvc hindranccs to thc plor,ision ()l.il)rcstnldn{
scrvlocS:
-?x,(i.ra i
!?/ flrr.U h.t,l. (',,we:1. to?.rt7.p. h.'Iiih:t.o",y:1'1 4/ Ilcndcl dccisions oI put lorth rcconlncndcd
nu, /.;t. 0q q- (.'t .lnu,tt.t :f. (.,D a-1. h4' Ctr :t.., solutiiins on litndilmcnlal gficvanccs ol
6D,9"C hhAA h.'rii h:t. oa'r:t htt.l,!,Aa:
?
signillclnt ntisundcrstandinqs subllittcrl L))
htt4.7. f ",t..?r'1. :1.', | + K..,"_ h..riihl.."., :1. 2,.; invcstots r.cgardirrg thc pro\ision ol prc,

L'ttL-l\.'tiih:1..',"r,1' inveslncnl and pojl_in\.qslnt0nt scf\ tcos.

h'trlr.tA",l. h|..l,t!t
tlnlh.'o{lfl. or.ltt .m",li),t +Lr.2,r.
al'r 'r!/ltt h[.:,b'ltl.l't:1. 1!, t.4t a!,r'
(."4r-1.,h, tt44l !,(ti', A'l
93. f?-.ll,r|" hq4+
.trtg,$. ti.,th.t. A..1.
h.141. !,.f 1.!.
il .nl'4f, ,.t.'t trl.<. 6y,y. ail,^!, "t-Zhl,t-
tt,,,l'1i1.tl'1' 'LtL ,'tt.?./.\ n7,4!,,
'"t:Lh'1'1. ..............
. .......1,1t {n. i
including thc dllo0ittion ot land. b\ f!,siot)irl 5rinu
invcslnrcnt adnrinisrr.ation bodirs \rilh fcsp (jl li,
invcstlrcnts cllcctcd Ut cr this l)foclitnuti(jD
46,Mcmbors of thc Council
'Ihe Council shall h{vc
A:. thc li)llo\^,ijt-e n(,n.tbcfsl
l/ l'hc Primc Ministcr. or irr his abscncc. tltc l)!luh
I'rimcMinisrcr............. .. ............(.haifpcf\on:

!,1 tn.A.r-,tAd""I. cbn-(,oh.f.ri.(.c+ af 9h.9.n

2/ Pfcsidcnts ol'all llcgions and Mal,ors ol'thc
lrt 4t hi,t,,9tc ht
r\ cld is
htltl f K.i,r'i.tt lt utl Ababi Cily Admin jstfariorl a|rd l)ifc Da\ro (iit)
hi.t'ri,({.' h'r.E.t2'.t......,...........................}r4A i Administmtion .......... - Mcntbcrs:
 htips:/lchitnt. rne
4i^ 1r.,7. .,x,", +1c A;t 62t\.:1. iti +, Wi,:i4 ,r.{' Negarir (l.zctro No.28 Al)r l"'i 1020 .t,'llu

i:l l'"'t.'dtt-i ('u.n.r" tlr\A":f. lq rh'g.n hll{t 'l'hc Conrnrissioncr'. hcacls ol thc irpp|opIilLc'
h'f'"? lrlr'l',9.R(.' hi 9K'a-n! h'1."? hn.l.ri.Rr: invcslmcnt orgus ol'all Iicgions and Arldis Ababl

h"rlf'ff .(,A.D. Ih;riih4.o..r4. aon(,-e o,:1. Cily Administralion arrd l)irc l)lNa ( il\

,J41,9,iI..............-- ...lrt|.\r hf n dministration. ........ .. -...... ............ - Mclnbcr.s:

ltl lirA htr4.4'I,t.t: {lrnt4f, .2.7.i:t-1, to.l.1g o". 4/ Othcr nrcrnbcrs dcsienatccl by thc |trinrc Ministcl as
ncccssary.
h Q4'l-::

5.1. fraaG ft.0d.tPT. 47. Mcctires of t}c Courcil

i;/ 'h.t'Lot. tlfn.t:.-n.I. !: ?rt f,rl0rlert:

otl- h'|-
lfl'hc Council shall nrcct
oDcc cvcn si\ ntontl)s l)ur
tt'i't' hhl.^L tflf (r.t'l o!,tn l\dtltl\t, may nrcct additionallv u,hq.c it is clccnrccl
't'4 t, n..i(.' n,"tl,Fnt 9- 'I.tL ,t. nn{t neces$afy o[ a tnattcr rcquifing in]ntcdialc a[cntion
3-:f 46:: ariscs.

9.1 ltt"t'd n4!, (o,t,rfl, r?..l.tdF trQ4,l. ltn4tnrl 2/'l'hclc shall bc rluolurn vrjrcrr: ntorc (hitn halj ot rhc
lt4rr'1;. 9D a.I.t*lr t.?, f,rf fir:: mcmbcrs ol- thc (lounoil atc prcscnt itt illt\
mect.rng.

!:l .trt
Lu /l'r4t..t. 4!, o."24 4r, 1t,r.,o,,,24. 3/ In relation 1() ntttlcls sub,Di(cd 10 il. tlrc ( orrrrcil
ot.l"f,:I' al"?tr'/,!|. 0.4b ,94A.t..\ .nf,,r shall pass dccisions ru ackrpt r.econrnrcrrJcci
(.m1|1.h tt4lrrl!, .(A9.. !A.' solutions bascd on cvidcncc and intirr.nrcd
discussions.
iil "'l';lt.tt r" ll.,Aa'A z,r,'r'? t":l- (/tf,,,f fhaa
4/ nny lrcdcfal (k)\cfnmcnt or Rceionitl StJtc
.'oh,I'4!i.t: hrra ti't tt%n,, or.4Lr,:i. .I!,!.
Administt.ation body shall cxccutc thc dccisio s of
(.'"(t::l- h, t)i0i1. !,t.K..t A.l
rccontnrcndcd solLrrions oJ thc Council.

q*'. r?.qadF ru&+ o'?.

(m:1,4f, ,q.'Lh:l'c ,i.UL'l' 0,1. ?.trt%l. A.ut.:I. 48. Sccrctrriat

0,'l' t/ i .e?n?4.\:' l'he Oflicc of thc l)rimc MiDislcr sholi scr\r as

-qQ. ?'rq1'a- 't*"te h'/,ac Sccrctariat ol thc CouDcil.

,t..l,r,or. 49. Inslitutional Workinp otthc Cou cil

h.nr4!', h,',a,.<. (d't.mLll:t t h4lfitl/'rli
'lhc lloard shall adopt a l)ircctivc dctcrnrinin.l
y.t-rv,,ti.ll:t. i (,"1..c.?rl1 g.;f. ?,"t.,t c0. :1, Aq
ll.t. .r.
4 rhc
proccdure lbr its o\criLll \\orking. thc con(l ct ot
nt 4'Ly'rI. otf,,l. ?(/?'qil-.tb t 4l'1. (^t.,|lm4l:t1
mectings. thc submission ol nlatlers ir consiclcrs. anrl
./-(:,r1, g"'l.oth't .,oau 1, ! .(.Dt,rAtl
thc rcndcfing ol'dccisions rlr rcccl|r.trrrcndcd solrrtions.
:agn,e!'tt4 https:i/chiloi.,ne
Lr,/,.A l)/,:t- rrr."r .tr+c ?f* 6)[jt.ti.t"t {1.!E 1.r. cllldrc No.28 AInt 2"'l 2o2o

50. Coordilation with llcpionnl Slntc lnVcstt|l{:flt

2c t"!t-f c +7ts4. A(lministr{tion Orsrrrs

i.l nt+ ttfti r'l-Pqf Af I'I'1,4a$. 4lnv#l! l/l'hc Conrrrission shall $or'l iu closc coofe[rrion
(h;rii h.1'.m', :l' hlt,t-..it(: /rC'r.11 rvith Rcgional Stat(' ln\estrnent AdnrinisLflrion
At D.,t' li 44. h"?.'ii?. 0h.ra\ itt'l.T. 11",1.o"u,14' Organs and othcr Stakcholdcts \\'ilh a \ic\\ ()
li..-'riih:I','r:r' hA-f..C.R(: lC AA.C,'(:4 nh4.?. crcating a unilbrm. coofdinatccl and cllicicnt
national invcsllncnt achninistration s)'stcnr.
.)(i 0r4l.l, :t'4l4lc !,dt.A.tl
9_l trtt.t, 94"1 ht.6xr" h.r.'1i1. hhaA":l .?(.'
2/ Fo| such purposcs. thc (bntmission shall crrgagc
ti,^L,i'Zor., lr.n.?_tr.l,.r: (h,r,a.(: -l,r.1t.rl.
with al)p()pfiatc in\icstttlcnt ote!ns ol llcgiotrs Lo
lio'|..t ' 1,. .n'!'"11.( h-ltl4l lr4;F(r|. tht\d\
.iointly dcvelop a coflprcltcrlsilc sui.lrline
t h.'liih.l'o"'1.1. e"hL.e n..f..[ tc i:t(,- rcgulaling all aspccts ol nrulual $Qrk rclationships.
.ctt:t4,d"

!:| 4.LriJt.,r ? h.'tiih:t.o"'I:t' bt.i.:il A"Ih4-T//I|+t 3/ Standing Rcgional Stdrc Invcsrncnr l)csks sha bc
flri.t'.9x,(.' p'L9";lrt A",t.t't;A:t' ht llr-A4:,t" cstablishcd within tlrc lilrctionill slructLtfcs !]l lltf
f h/\N,f.? 4.4,1.6: /r"?rnTh(.'i Commission u4rich shall u'urk trn co-pr.onxrLini,
'ir&x.r
lil,r.'li\. Ih.'r'i'r.,D',4. H'f: -e,l"i qArr'll.t:1" conc|ctc in!cstrlcnl opportunilics 0l r'erions.
llt,d\A (r.,e'fi..lI f!1, !:..'- hf gy:ttt- coofdinatc conrnron adnrinislr?livc \\r)rks xn(l

h;rii h'1'."'r:1. h'ta.?A..)' rrl.4Arn A'?.(2./ hf, augmcnt lhc Rcgiu||s' nrrlicipirlir,I u] t\!,t.r...,i1

ttt-.p)1tt't. 42r4tt''4.', n.?y'I'^t\ h.r,ti-t):d aclministlation; tlrcl shall also llcilil tc {hc c lcicnt

(llt"r.'tl. .t*"?,t: .n,p|,c .lt.h.t, *^t. ?t,aa provision ol prc- uncl post-invcsl.mcnt service:: rrtrl
rcsolvc invcstrncnt boltlcnccks cllcountcfctl b\
h;rii n:t. t", :t. hrt.t..qA(: y_httl' r.* * "1 h..l
invcstolli issrrcd invcstmcnl pcrmits br tnc
Commission.

:l!i. th-??ih+oo7+ aoa+ h+c&+', o.t oDAh+ 51. l'roccdtt.cs liollowc(l willr llcspcrl to ,_.!.!Lq
gq.A.^@'h,"6e+ Provisiorr of Invcslnrcnl l-nnd

o/ hr\A":f httl4ll:l- rltrlt.tv lla-At.a I'oo1,,:t l/ In pursudncc ol_ l)o\\,ct.s gran!c(l () thern urrr.lcr. llrr:

hn.l.tf,c )nlil. l.t A"rr!t/ll':, ,-A.tt', penincnt Ircdoral l,and Adntinistralion Lir\rs.

a'u'.,.:t' al.2 t. a-t A,1,t'/,r t,(..rt:r nhc{ Rcgions shall handlc Iand t.cqucsls lbf jn\.csrmcnts

hf ,t^.:l (h..r'.itt.l,o.'r:t- ./.nttlt+ go,t rr.A. in thc mtnulilcturing. agricr.rllurc'. anct olhcr' scctors
in an cliicicDt nli rlcf. and shnll cstnblish u
(r'DL1. h+c[i. !.etpril i4-t,tnrt. o.t,:).
trunspafcnt and plcdic(ablc s),stcm lbr thc lt r(lliD{l
.eh'lq"lq[.. itt,tt tol.tf', "r.\n' hf 'l"l"t'i"
ol such lcclucsts.
/-c,,:t.r. A. 1.'. !,r1.4A. r
 ,(h'.ii!ftit https:/lchilci. nie
t,t\4.,\',2/,7 ptrr +1'C ,iir: ,"'211.:1, 'll 4., ill.lq n.r l:cdcml (i.zctrc No ?8 npnt :'"r uozo
^-ctnrit
!i/ hAA":[ Ah;Iiitr:t.t'"'t:t. t-t. ("?.d,.A 2/ Rcgions shrll identili and classill lirncl to b,l usc(i
hh.P f<.{r fi.",A[,7.i lt.'t,a,A4l \q
t't,a,,;tr, lbf in!csl.mcnt pfoiccts- ofearizc such lunci

llh'r!: .I'.tra trA4i: hh/.\ ,,-C llo?9.1^E:l' ccntrall) undcr onc llcgional Statc A(iminisLfittion
.,' 18 9,1i', lr'?Q'(l'r'l' [dn- li h.'rii n;l'.,n'r :t' body and tmnslcr thc inlaflntlio[ tr) thc

.,Dht.e 0.1, .fn.t,4a{.d. !: appropfl atc lnvcstmcnt organs.

iy lltl.U h,l,I o,u'i'.:l' A,"l.'lt;n', 3/ With rospcct to land provision fcqucsts sltbn)ilt(!l t(l
l\.,riih.7..'.'.r:1. t,,l.dr|l t.:t, L-t .,t ",2:r I{cgional Slatc l}odics irr rcspcct ol an irrcslDlcDl
0"?.('L'? ah.ie\ ,\ttA- (,^t-4'ci. (.'Da-l' undc akcn bascd tu an invcstnrcnl pcfntit issllcd
hil,('.tr:t',t,g,tt''.t' n'l-4[/n t'b!' .t't-t-a. to this lt()cl ntatioD. thc (bntmission
pursuanl

lirrt.rf\. lt",t.'til. hhAA ./Dn,t.ri.q.(o-:l'. lf shall coordinate \\.ith llceionill Slllc

lr.?rf ,0 tr4;f rrn. ( h..rii h :1..n'., :1. .n h I f' 0,.1.T.
Administr.ltions and irltplopriatc itl\'csu'ncnt ortlns

)C ll/'t,.l,t:A.l. lnrh't tulc lf (t1.1'.1.d\ to lhcilildtc and lullorr' throLtgh lhc cl'tlcient
handling ol such lcclr.rcsts.
/- t !'.1f , .(tlf (rr.f a ::
-

lil (h;riiat:I', -r1' L.+.(' (l'l.r1rnor. {lArr.0'1. 4/ Regions Inay cstablish a Sltccial l)rrucdure

Ah.'lii h:1.,'"'1:1. 2'2. t"'t..t.A a,(-:t- rcquiring thc pcrtincnl Rcgionill Sri,u0 l]\)(l) ro

h1'c0:t. +!7t 94't!lL1' fttr\a .,Dn.l..q(.{.. Ics;lond to land allocation rcqucsl mtdc b,\ iln
invcstol holcling invcsltrcnt pclrni{ issucrl
httf\ d"lv" Llt l:ti ?.t.l,l. nt', .',,1 :1. unr.lcr.

llnA,l (irl) .1,f,1. orAl r nrL^":l-. l,(:fi:l'. this Pfoclantati()n \!itlTin si\ty (60) dit)s \\'hcfc lht

g"'1.o,.A .n,L4r, hh.'"Att,t n"I.,l'C4l ,t3+ anvcstr)lcnt is in thc D n!ti:lct!tfii)g scc()fr;. .!nci

within Ninctl t90) c[r\. \\hcfc tlrc inrc:lnrc. r i,

41, A'l.P lltl.nf (:i) .l,fl. dr.nf t-4'ai
i.,

other scctors.
,itrt (r,t Cot'?h\-r\ rrf. ,lr,,l.(.' trr\A"I"
A.na',. r""1.4A.,'

49. ? |i-7'dh+a.7+-\h oolAPlF7 "'t+/.41 52. provision of lpvcsloterl-lleLrl{\l Inli}r.rftriion

iil t,'"t.'tl. tltt.r, h?'* ?'l.httr1/,r, /-A.'t', \.;
l/Conccrncd l:cdcral Covct.nficnt al1d Rcliol]dl St lc
'l'"rQ(: lllr'?4lf' .'D t4t:l' h'r,a.."i'A h"Itl4l'r:I.
Administration Ilodics shall transl!r inl()fltillion
.?4rl1tn gt,A4.A .,o.rdt /p.7. af (hl\l\
rcgarding land allocatccl li)I viu-tous t11\csltrcnl
oDtt4.tir.-c trh4l. n.rA.eB h..1iih:l.,nr1:1.
projccts. land usc prol;lc. and othcf rclcvanl.
1'cfh.t:l'. l',"r,.tvd,. .'nL.t:'f"r. (at'a-:t complctc and pdatcd invcstmcnl rclatccl
ht'x:r+,t" 'l'(14.J,,.\ lf iLA"T. htrt-4.I.t inlbrmalion to thc (i)nlmission in (n.clcf to !rrtblc
94':1.n h(; dt+).! 'r:rt,rt the (bnrmission clischalgc its l)oNcr.s anel l)utics
oo LE 2"I,'' Ah.?.',d t.
'\.'r-dh:t-.'t
"?n,l.4^.ri lr Arl4:or. :r undcr this Ploclumation.
 iltni.iari https://chilot.me
t-Az.^ 1rtl. )tL"t ,tt.rc !i:+ d.ttl,:l. Ni '1", (d.]( a.r I'cdcdl Ncrr il C.2cxo No ?3 A11ril l'r' 11).1{J

Cl hl'r8'r4. lr'14'll .l'ltar glrNN h.'tiii.;l'ot"r:l' 2/ 'lhe apptopliatc in\ clitDlctlt ofgan ril cach l{c-rion
aih(,.r? n,4' n^hd\n. fu'{t.}. hy"+'l- Lf shall L|ansmit to thc (lonmission uDdrlcd
Ih.'tiih"l'tt"'l;1. d.q.r\ (,l..nq,P4 at1fi,t infbrmation o|r tcsoul-cc llolcntials. investncnl

h?/i.tr.2, nnhi\n. h,'liih:t.a",l:t h.r+hu opportunitics and invcslnlcnt activitics c(inducled

?'l )A'. ar+:t..e 42'Qt'i.', Ah,?'ifb in the Ilcgion.

.ri'1.4A{.A "

hSA\ rfrnT PARl' Nt N ti

MISCt.:t,t,AN r,tOt JS P ROVTSTONS
,\G ,rB .t?raP+
53. lndustrial Pflrl.s
1i:. ?Ii7&.h+6 rcb:t
Unlcss othclwisc indicatcd ir tltis proclatnali()n. otltcr
0rl.r, lr?F tllt"4 t,L). ha\'t-./DAlr,t- ltfi,t*l'(..
rclcvant lnvcstmcnt Laus conccrnino lndustrii!l l,ilfks
(h;rti.h:I'1, :t'Ctt;t.', r4'.'.,A1t4l, A.A.:f.
shall t cmain in lblcc.
h'?q'(lli' !4.liot. I h.'lii h:l'oo'|:l' .hf"l'.
t.4-t.1l' f,.t'1.41r ::
't
90. ll'jrT. arnT.? f"?h0c hf lr4+ f"?una,p f,f 54, Dutv to Obscrve Olher l,nw$ irnd Socirl :rnil
thh.lrl ?.4f.+ ?.8"+ Environmcnlnl Sustainirbilitv Vnlncs

!i/ "1.17;t,r (lnu.(tl. rh.?iin.1,aD.r:t t.ttt<.., l/ All invcstors slrall car.r1 oLlt thcif invcslnlcnt
9h't/,'l'', t\1.1. ll,'ttr,l(.' /hfar.f r\:: activitics in compliancc \\'ith thc l,:l\rs ot thc
counlf).
!!l "1'11'rt Y" 4nrr'tl,?. ? h.'riih:r..'o'r:r
'r'crlr.t:? ,tItta:..f; tr! f.(:1 fhhqn. f0j} 2/ All invcstols shall girt' duc rcsard ()
AZE|,4. ?n1 it.t: hhr,.:f.r.?. ,r4"?y+.1 cnvironDtcnlal susta inabilit;. r lrlrrcs inf lurli|!

rl\,r't: ^t
Atl4.t "Ittll(,.,P. hf lrh40..({i
cnvtfonmcl)lal pfotccLion stilndxfds irncl so0iill
inclusion objcclivcs in
lA'f.T .\f- t'h.Z.?. rl,t'.t .'b'r4,4+h car.r-.vrng ouL lhulr
invcstncnt pt!iccts.
hAlrl':,

.ua. A24l h$ apordl ?n0.4t+ /-ar.tt',

Powcr to lssuc Rceulalion tn(l l)irccrrvc
!;l ?"rJ.n:r.c"t. 9"tr(.' 0,.1 !,tt'| httt€ A,,'rha.Ar"
l/ 'l'he Council ot Minisrcrs shall
(q..( M.A't. r.'rq?'.I .?.ut,r^ issuc tcgU llrlrons
" ncccssat) fbr thc jtnplcntcrtirtion ol LIt is

gl tr0ti-1 lt"r.'d7.t ( h.:l-t,!,i,e dl.h:r\ hh:f.it? Proclanration.

Iln/DA.tt'ri Ch.:l-I-*.? qtr-Aor'rl 2/ l'hc lload. thc Conrmission. thc ljthiopian (.i\il
hf th.,iF?.A.,? ^.tC'{,
nt n.r.tt'ti., ltt/,.r,tr,
f,tt! nviarion Autlrorit). thc lircrg].Authoril).. nd thc
',
hr4 hf r. h+a Atlht-''9- (""t-t 4t llthiopian Colnnrunicalions Authorit), tnirr issLrc

A'r4l', AoIhLIr- .'.'rn't ! Llon !.'.t.1A.* Dircctivcs lbf thc i|11]llclr(' jttiltiotl ot llueuiltions
Cnaclc(l pur\(rilnr l() this l,foclitmxlion.
 ti('itii.?'an https://chilot. rire
t,.t z.t\ r1/.7'i[./r .]1.c 'd;{ attl.T iti.t1 R\,I!a ,t.r |cdcml NcSnrir (iilr(c No 28 April 2'ir 2020 .t,r!c

tE. 56. llcnealcd :rnrl Inapnlicirblc l,nrv.,

i;,lrlh;riih:I'",;r:l' lr,f,[. .ft,r(: :i,.f.Aiili.'fi.A. 'l'he lnvcstrrcnt l)f{)clanraliorl No.769/2{)t? {itt

(lrf"l'4'4'.1) hC fh.'l'f'*'.P h;tiin:r."7:l' amendcd) ancl thc llthiopian lllcslrrcnl lltr:rr.d
0C.f..-? af ( A..l.t. *.? h:r..'"', + tt",t.'li't't and lithiopian Invcs(nrcnt Contnrissiol
jlt" ^,'tii
l.lJntor ?.'t.l,h:l.e'-1. f"l : fi,:|. R'r4l
A,'1* llstablishncnt Co$ncil ot lvlinislcrs llcguliriorl
.l:r'r: i: ii L i7!i'rI.?i 1lrl.r, h?F'I.'iiL?r\,: No. 3l 3/20l4 arc hclcbl, r.cpcalod.

iil n.r.r.h:t t!7. ,"h(: 0,'l' A'r4t ,h,tt: t:y.!.i:19.'t:.i 'fhc Righls and Oblisarions ol thc l,lhiofiLrrr
't'9,t,,p ft /-fl. rh..].t.A'r h:riih:1.,.r:1. Invcstrncnl Contmission cstablishcd b)- (i)uncil

lt.,'t.'fi', .'D4l.t'\. h.; -t K).9''1. ttrt U irrf,.iS of Mjnistcls i{cgularion No. 3 ll/20l4 lrc
.'t
"'t.l' h't(lt A.I.**t-ot t]-.I.'d', tmnsl'clrcd to thc Colnmission rccstablisltecl lrI

,l'4r\L'l'r\,: this I)roclarnation.

!:l .ett', hI,E g,"tj'z't ,,7't'4 0t.!- ;h,'r at!,y" 3/ No lau ()t cusk)matY practicc shall lta\,c clicct
h'udc ntt.tt h{'.4 lt.r.'ttL). ,t-49.1. 4r, with rcspcct k) mattcfs lr()\'idcd lirr.in this lirrr srr

t' l.\"'t.r.l' h !$ 1, ot- r",, far as it is inconsisrcnt \\ ilh this l)f()cl nxtion

92. ?a"na\dr k22z

57.'fransitory Proyisi0n
h"s ht.p8l. !_.!, ?,t.A7,t't/I|. i..i(r r,i
0[.r,
Nol.withstanding thc l)r.ovisiorrs ol nfticlc j6 ot-rjris
h.PE 0t-2, 4!, tr.",1' 7. Ur,r. ti4.t.4,t'i. Proclamaticln. Rights and cntitlolrcnts bcsloN!d
h..riih:t..,t'r.t:l.', q4.(n.|tt.t. nh{,F +.,t,(: pursuant 1() In\rcstlncnt l)roclutnJtion No 76rl201? lfs
iii*tilqli.!t (l?K.r.4'44) h.; h.t'E', A"rh&^r" amcndcd) and l{cgulutions itnd I)il.c0ti\cs issucd Lhr,re
tlonv A,IlrlI h.; .'.,.,.,1,.t' p 4. 6DU,Z:I. f .t l'fir. undet' shitll lenrain rpplicablc rn r.cspocl or
uo4l.[.'.t' ,t'+f ;1. .te.A.r.r:|. f,.pf4A,, invcstmcnts approvcd prir)I ur thc corninr into li)rcc ol'
^t this Proclanration.
i(il.it.'rtl; htt;ls :r'lchi i,.i ir re
t-t z.A \2.:1. 2,td, tytc !;,t: @,,rn.i.ds .tr iiilt:!. j.r'' ljcdcnl Ncgarn (i.2c[u \o :8 ,\Drl ]"" 14,20

r*. 58. ElTcctivc l)alc

t'tt hlt'E tlt-Al.d ,.tl'7' )tL4t ).:l',lo lr/Jflrll.7. 'l his Proclamation slrall elttcf into jr)rcc ()11 lhc drtf ()l'

4,'' Er"d r^f ,?.rrf ,, puhlicatiorl i11 thc licdcfal Nceiuit (;aretLcc.
"n

h'9.1r hll4 ."ttl.1- ?i!i.,/, !,.t.i.'g ,r.r

Done nt Addis Ababt, On lhc 2"'l l)av ut ,\pr.il 2{)20.

-rtrn (r,(.':1, tld,..q,

sr tAl,t.twot{t( 7_riwt) t,l
flh..]'f.fll? t-Aa.^.,: &+ltt.t|.!.p
Pl{l!sll)EN'l' ot. 'l't I D rrut) liRA L t)Et\.t ocRAt't(l
1,'r' 4tt.t t't' 4, .P;r4- R IiPtJBt,tC Or,' ti IIlroPr