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Ethiopia - Renewal of Money Remittance Licence


Procedure

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Apply In-Person:

  1. Application form for renewal of money remittance license in Ethiopia is available in the National Bank of Ethiopia contact link
  2. Applicant must carry all related documents which are mentioned under “Required Documents” section of this page (both photocopies and originals).
  3. Applicant should attach photocopies of documents (whichever is necessary) along with the application form.
  4. Fee for this procedure is 1,000 Birr for application and 2,000 Birr for undergoing processes of registration.
  5. Applicant should attach photocopies of documents along with the application form while submitting.
  6. If all the above-mentioned procedures were followed properly, the procedure will be completed within 21 days by visiting the office or via post.




Required Documents

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Documents required for this procedure to complete are:

  • Academic Qualification Documents
  • Address Proof
  • ID Proof
  • Proper Book Keeping Register
  • Proof of Provisional Tax Payment
  • Tax Clearance Certificate





Office Locations & Contacts

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



Eligibility

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Ethiopian citizens who own a money remittance business license are eligible.


Fees

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  • For application it costs 1,000 Birr
  • For undergoing registration process it costs 2,000 Birr



Validity

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Valid for 1 year.


Documents to Use

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




Sample Documents

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Please attach sample completed documents that would help other people.



Processing Time

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Processing time for this procedure is 21 days.


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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.




Instructions

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  • As per Ethiopian Laws, people who own a money remittance business in Ethiopia must have a Money Remittance License.
  • Applicant must submit the application form only after entering all necessary details; incomplete application forms will be declined.



Required Information

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  • Full Name
  • Address
  • Location of Foreign Exchange Bureau
  • License Number
  • Tax Clearance Certificate
  • Evidence of provisional tax payment
  • Proof of legal identification
  • Proof of legal Address




Need for the Document

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Every person who owns a money remittance license must renew the license every year.


Information which might help

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The National Bank of Ethiopia holds the right to renew a money remittance license of companies in Ethiopia.


Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.




External Links

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Others

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More information which might help




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