Can a foreigner own a business in Ethiopia?

A foreign investor is allowed to invest in all areas of investment except those reserved for the government, Ethiopian nationals and other domestic investors. Foreign investment in Ethiopia is regulated as described in proclamation number 280/2002.

How do I start a business in Ethiopia?

  1. Private Limited Company can be started with the minimum capital of ETB 15,000 and the company must have at least 2 shareholders and one manager. …
  2. An overseas company wishing to invest through a branch office is required to submit the essential documents to the Ethiopian Investment Commission.

What kind of business can I start in Ethiopia?

Also, commercial processing of produce and raw materials gotten from agriculture provides an opportunity for business in Ethiopia.

  • Manufacturing Industry. …
  • Real Estate. …
  • Vending machines. …
  • Event management and Party planning. …
  • Consultancy. …
  • Coaching. …
  • Garbage Collection. …
  • Janitorial Services.

Is Ethiopia a good place to start a business?

Despite the fact that it is the second most populous country in Africa, Ethiopia has one of the fastest-growing economies in the world. … This development is attracting many foreign investors to the country. After its first multiparty elections in 1995, Ethiopia became an ideal location for business establishments.

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How do I register a foreign company in Ethiopia?

Register and obtain the commercial registration certificate from the Ministry of Trade and Industry. Make a company seal. Register the company and employees with the Private Organization Employees’ Pension Fund. Register with the Ethiopian Revenue Authority for Value Added Tax (VAT).

What is the most profitable business in Ethiopia?

Here is a compilation of business ideas that are high in demand, competitive and profitable in Ethiopia from small to big businesses.

  • Recreational centers. …
  • HCB factory. …
  • Production of Salt and Soap. …
  • Computer maintenance. …
  • Music industry. …
  • Driving Schools. …
  • Building management. …
  • Real Estate.

22.11.2019

What are the most successful small businesses?

Most Profitable Small Businesses

  • Personal Wellness. …
  • Courses in Other Hobbies. …
  • Bookkeeping and Accounting. …
  • Consulting. …
  • Graphic Design. …
  • Social Media Management. …
  • Marketing Copywriter. …
  • Virtual Assistant Services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

7.01.2021

How much money do I need to open business in Ethiopia?

I would like to start a business and would like to know how much I need to invest when starting a company? A foreign investor investing alone is required to bring minimum of 200,000 USD for a single investment project and the amount is 150,000 USD if it is joint investment with a domestic investor.

Is Ethiopia a good place to invest?

Ethiopia is expected to become an industrial-based economy. Ethiopia has maintained strong investor interest as one of the top investor destinations in Africa, becoming the second largest FDI recipient in Africa. The recent launch of the African Continental Free Trade Area (AfCFTA) is expected to fuel investments.

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How can I make money in Ethiopia?

10 of the Best Ways to Make Money Online in Ethiopia 2021

  1. Make Money at Home by Starting an Online Shop in Ethiopia. …
  2. Earn Money Online from Making YouTube Videos. …
  3. Make Money Online by Writing and Publishing Books. …
  4. Make Money in Ethiopia by Blogging. …
  5. Make Money Online from PTC Sites. …
  6. Work as a Freelancer from Home in Ethiopia.

What business is profitable in Ethiopia?

As a matter of fact, there is a big number of successful business owners in Ethiopia are in the manufacturing industry. The main industries in the country are food processing, beverages, textiles, leather, garments, chemicals, and construction materials.

Is it easy to do business in Ethiopia?

Ease of Doing Business in Ethiopia is expected to reach 160.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ease of Doing Business in Ethiopia is projected to trend around 158.00 in 2021 and 159.00 in 2022, according to our econometric models.

What are the problems in Ethiopian small business?

Some of the challenges and problems include high level of unemployment, high poverty incidence, lack managerial skills and low industrialization capacity, lack of finance, inconsistent government policies and inadequate infrastructure and insecurity of the business climate among others.

How do I get an investment license in Ethiopia?

An investor is required to submit, an application form duly signed by the investor or his agent, notarized memorandum and articles of association and if it is a branch, documents ascertaining the registration and legal personality of the parent company in the country of origin.

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What is investment permit?

An investment permit is used only for the duration of implementing an approved investment project. 4. This application form should be submitted together with other legal required documents.

Hai Afrika!