Countries > Ethiopia


Ethiopia - Apply for Franco Valuta License

From Wikiprocedure
Jump to: navigation, search

Contents

Introduction

Franco Valuta License (Permit)is a license issued to importers of goods on which no foreign currency is payable.

It is through this method that a seller receives payment from a buyer prior to shipment or the agreed upon goods or rendering the agreed upon service through the Bank transfer,no foreign currency is payable in this case, all the process is handled by National bank of Ethiopia. To import goods through this process you must posses a franco Vaulta License from the Bank.

  • Import-available by sight payment/negotiation payment/deferred payment*/acceptance payment*
  • Export-payment available by sight/negotiation/acceptance of bills
  • If approved by the National Bank of Ethiopia

Eligibility

Customers that request the above products of Trade Service, except guarantee should fulfill the following criteria:

  • Should maintain current account with the bank
  • Should be in the possession of valid trade license for import /export as appropriate or business license or investment or industry license or must exist in the list of budgetary government organizations issued by the National Bank of Ethiopia. In case of non-government organization, certificate issued by the Ministry of Justice, Regional Governments and offices authorized by proclamation.


Ads by Google


Instructions

  • should apply for this License in person.
  • Should maintain current account with the bank


Required Information

  • Should have Tax Identification Number(TIN)
  • Should be in the possession of valid trade license for import /export as appropriate.
  • Should be in possession business license
  • Should be in possession of investment License
  • Should be in possession of industry license
  • Should be in the list of budgetary government organizations issued by the National Bank of Ethiopia.
  • In case of non-government organization, certificate issued by the Ministry of Justice, Regional Governments and offices authorized by proclamation.
  • Should have Tax Identification Number(TIN)
  • Should not be reported as delinquent by the National Bank of Ethiopia.
  • Should not be reported as delinquent by the National Bank of Ethiopia.

Procedure

A written undertaking by a bank given to the seller at a request and/or the instruction of the buyer to make payment or accept and pay bill of exchanging (draft) drawn by the seller up to a stated sum of money within a prescribed time limit and against stipulated documents.

Ads by Google


Required Documents

A letter of guarantee issued by an issuing Bank/guarantor. A Tax identification Number An investment License


Fees

Fees is determined by NBE

Validity

Valid for 1 year

Documents to Use

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

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Processing take 30 working days.

Office Locations & Contacts

National Bank of Ethiopia

P.O. Box: 5550

Addis Ababa, Ethiopia

Tel +251 115 517430

Fax +251 115 514588

Email: nbe.excd@telecom.net.et

Website:http://www.nbe.gov.et/

You can Visit the following link for Various Offices in National Bank Of Ethiopia,http://www.nbe.gov.et/contactus/index.html

Ads by Google


Video

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.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	

Information which might help

Enter other informations which might help

Other uses of the Document/Certificate

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

External Links

http://www.combanketh.et/InternationalBanking/TradeService.aspx

Others

More information which might help people.
Personal tools
Namespaces
Variants
Actions
Navigation
Toolbox