Ethiopia - Suspension or Cancel a Forex Bureau License

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Procedure

Apply In-Person:

1. Application has to be submitted in form of a hand-written letter for suspension or cancelation of a Forex Bureau License at National Bank of Ethiopia contact link
2. Applicant should provide necessary details in the application form and mentioned the reason for suspension or cancellation of the Forex Bureau License.
3. After application is approved, an enquiry will be done at the Forex Burea contact link
4. Applicant must carry all related documents which are mentioned under “Required Documents” section of this page (both photocopies and originals).
5. Applicant should attach photocopies of documents (whichever is necessary) along with the application form.
6. Fee for this procedure has to be paid as per authority’s request.
7. Applicant should attach photocopies of documents along with the application form while submitting.
8. If all the above-mentioned procedures were followed properly, the procedure will be completed within a week.
   

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Required Documents

Documents required for this procedure to complete are:

• National ID Card
• Passport
• Address Proof
• Applicant’s memorandum of association
• Applicant’s articles of association
• Certificate of Incorporation
• Applicant’s shareholders
• Names and CV of all applicants
• Certified copy of resolution of board for re-licensing of Forex Bureau
  

Office Locations & Contacts

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

Forex Bureau,
Equatorial Guinea St, Addis Ababa,
Ethiopia
location link

Eligibility

• Companies that are operating under Forex Bureau and registered under companies’ act are eligible.
• Forex Bureau applicant must have Ethiopian Nationality and own a business in Ethiopia.
  

Fees

Fee for this procedure has to be paid as per authority’s request.

Validity

Valid until the company gets a new license.

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 time for this procedure is one week.

Related Videos

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

• Applicant who fails to comply with the re-licensing guidelines will be subjected to withdraw their license permanently.
• Transactions that happen without a Forex Bureau License is illegal in Ethiopia.
  

Required Information

• Name of the Applicant
• Address of the Applicant
• Location of the Company
• Tax Clearance Certificate
• Proof of Provisional Tax Payment
• Proof of legal identification
• Proof of legal Address
• Previous business turn over
• Net-worth of business
• Bank statement
• Utility Bill Receipt
  

Need for the Document

This document is necessary to make sure that a particular company is forbidden or closed to undergo any activities related to transactions.

Information which might help

The National Bank of Ethiopia holds the right to cancel or suspend a Forex Bureau License of companies in Ethiopia.

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

External link

Others

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