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New Commercial Code of Ethiopia's implications – New Business Ethiopia


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By Tsegamlak Solomon – When investors think about Ethiopia, they often see the country as a difficult one to do business in. According to the World Bank, Ethiopia ranks 159 out of 190 in their Ease of Doing Business ranking.
While several reasons contribute to this ranking and the challenging business environment, the country has been working to rectify this and has been progressing their laws and programs to entice more people to invest in the country. One of the major changes that happened in 2019 was the adoption of the Homegrown Economic Reform Program, which aimed to transition the country’s economy and improve the country’s ranking. ....

National Bank , Homegrown Economic Reform Program , Council Of Ministers , World Bank , Share Companies , Share Company , Liability Partnership , Operation Of Branch Offices For Foreign Companies , Recognition Of Holding Companies , Tsegamlak Solomon , Doing Business , Commercial Code , Ethiopia Proclamation , New Code , Repealed Code , Ordinary Partnership , Joint Venture , General Partnership , Limited Partnership , Private Limited Companies , Limited Liability Partnership , One Person Company , Private Limited Company , Branch Offices , Rules Concerning Share , Private Limited ,

And now, Centre lets 'one person company', small firms file abridged annual returns


And now, Centre lets ‘one person company’, small firms file abridged annual returns
March 08, 2021
Move may ease compliance burden
On the heels of budget proposals to encourage formation of ‘small company’ and ‘one person company’, the Ministry of Corporate Affairs has come up with an abridged version of annual return for such companies.
This move is seen as yet another effort by the government to ensure ease of doing business for companies and attract foreign investments. It will go a long way to lighten the compliance burden of several lakhs of companies.
Besides revising the definition of a small company in the recent budget, it had also allowed NRIs to incorporate one person company. These changes are to come into effect from April 1. As per the amendment effected for definition of small company, the government has now stipulated that the paid-up capital cannot exceed ₹2 crore and turnover ₹ 20 crore. ....

Aseem Chawla , Ministry Of Corporate Affairs , Person Company , Corporate Affairs , Companies Act , Managing Partner , One Person Company , General Corporate , Small Company , Annual Return , அசீம் சாவ்லா , அமைச்சகம் ஆஃப் பெருநிறுவன வாழ்க்கைத்தொழில்கள் , நபர் நிறுவனம் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் , நிறுவனங்கள் நாடகம் , நிர்வகித்தல் கூட்டாளர் , ஒன்று நபர் நிறுவனம் , ஜநரல் பெருநிறுவன , சிறிய நிறுவனம் , ஆண்டு திரும்ப ,

Owner of multiple 'sole firms' needs just one tax registration - News


Owner of multiple ‘sole firms’ needs just one tax registration
Abu Dhabi, Dubai and Sharjah account for 78.6% of the total sole establishments operating in the country
The UAE’s Federal Tax Authority (FTA) clarified on Monday that an individual (natural person) owning multiple sole companies is required to obtain only one tax registration for all of them, and not for each one separately.
The FTA said in a statement that a sole establishment (sole proprietorship) is a legal form of business which is 100 per cent owned by a natural person, and it does not have a legal personality independent of its owner, as the sole business and its owner are considered to be the same person. ....

Ash Shariqah , United Arab Emirates , Khaleej Times , Abu Dhabi , Issac John , Tax Authority , National Economic Register , Person Company , One Person Company , Federal Law , Tax Procedures , ஒன்றுபட்டது அரபு அமீரகங்கள் , காழீஜ் முறை , இஸ்சாக் ஜான் , வரி அதிகாரம் , தேசிய பொருளாதார பதிவு , நபர் நிறுவனம் , ஒன்று நபர் நிறுவனம் , கூட்டாட்சியின் சட்டம் , வரி ப்ரொஸீஜர்ஸ் ,