FAQ: How To Get Investment License In Ethiopia?

How do I get a business license in Ethiopia?

Issuance of business license

  1. Commercial registration and trade name registration;
  2. The business activity shouldn’t be prohibited by any law;
  3. Apply to the relevant authority in accordance to the law applicable;
  4. Payment of appropriate service fee; and.
  5. Other requirements provided by the applicable law.

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.

Can a foreigner own a business in Ethiopia?

Investors need to obtain an investment permit before starting a business in Ethiopia. Likewise, a foreign investor intending to buy an existing enterprise to operate it or to purchase shares in an existing enterprise must obtain prior approval from the Ministry of Trade and Industry.

How can I invest in Ethiopian stock?

How to invest in stocks from Ethiopia

  1. Find an online broker.
  2. Open your account.
  3. Fund your account.
  4. Find and buy stocks.
  5. Top brokers for investing in stocks.
  6. Bottom line.
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How do you obtain a business license?

How to get a business license

  1. Determine what business licensing you need. Start by researching what licenses apply to your business at the federal, state and local levels.
  2. Compile the appropriate business documents for your application.
  3. Apply for the business license.
  4. Receive your business license.
  5. Keep up with license renewal requirements.

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.

How can I start a PLC in Ethiopia?

How to Start a PLC (Private Limited Company) in Ethiopia (particularly in Addis Ababa )

  1. STEP 1: Preparing memorandum of association and articles of Association.
  2. STEP 2: Checking the proposed name of the PLC.
  3. STEP 3: Process at the Documents Authentication and Registration Office.

Can I start a business in Ethiopia?

Ethiopia’s new Investment Permit Application process is simple and requires only a few steps and, those steps vary slightly depending on the business form under which investors plan to operate their business: Sole Proprietorship. PLC, JV and Share Company.

How much does it cost to start a business in Ethiopia?

Incorporation costs in Year 1 amount to US$8,700 and annual company costs in Year 2 and thereafter amount to US$2,500. The average total fee per Estonia engagement amounts to US$16,800, which includes company incorporation and opening a local corporate bank account and all government fees.

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.
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What is a good business to start in Ethiopia?

25 Business Ideas & Opportunities in Ethiopia

  • Rice Farming.
  • Start a Small Manufacturing Business in Ethiopia.
  • Start a Food Processing Business in Ethiopia.
  • Open a Poultry Farm.
  • Start a Bakery.
  • Fast Food Joint.
  • Advertising Agency.
  • Computer and Smartphone Repair.

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.

Should you invest in Ethiopia?

Among the reasons to invest in the country there are: one of the fastest growing economies in the world, with GDP growth averaging 10% in the last decade according to the IMF. Ethiopia is the second largest market in Africa, with a population of around 102 million people and a rapidly growing middle class.

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