Whereas, it is necessary to create conducive environment in every field of commercial activity in line with the free market economic policy;

Whereas, it is necessary to improve the commercial registration implementation and business licensing issuance systems in a way that will promote free market economy, and that the systems will enable to attain economic development, and to follow up the elimination of impediments that befall the lawfully engaged business community, to expedite the delivery of service it is supposed to get and that it has been necessary to improve the service delivery so that it begets economic development;

Whereas, it has been necessary to support commercial registration activities and the issuance of business licenses with modern technology, in order to make them suitable for data management and to install a system of follow up to tackle illegal activities by employing international business classifications and by putting the necessary criteria in place;

Now, therefore, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: