Professional Documents
Culture Documents
Ethiopia - Starting A Business
Ethiopia - Starting A Business
(/)
(http://www.facebook
Investment-
(http://www.y
(http://ww
Commission/6183307
2ig? investme
ref=aymt_homepage_
(http://www.twitte
view_as=subs
commiss
Starting a business
These steps vary slightly depending on the business form under which investors plan to operate their
business:
Sole Proprietorship
Step 1: Collect information from Ethiopian Investment Commission (EIC) Information and Investment
Promotion Department about requirements, incentives and etc.
Step 2: Collect application form from www.investethiopia.gov.et or EIC information desk,
Step 3: Submit lled and signed application form (by the investor or general manager or authorized
person) together with project proposal (business plan) and previous business background (company
pro le), copy of valid passport, investment/ business visa to Licensing and Registration Department,
Step 4: Collect bank letter from Licensing and Registration Department to get permission to open a
foreign currency account at National Bank of Ethiopia.
Step 5: Transfer/deposit cash in the opened company bank account,
Step 6: Collect con rmation letter and credit advise from bank,
Step 7: Submit two recent passport size photographs of the investor,
Step 8: Collect investment permit certi cate from Licensing and Registration Department.
*In case a Company is a shareholder, the following additional documents shall be submitted:
Step 4: ll and submit company name application form (available at information desk) with three
proposed company names to check uniqueness of the company name.
Step 5: Collect letter of clearance for unique company name from Licensing and Registration
Department
Step 6: Edit and authenticate memorandum and article of association in line with approved company
name.
Step 7: Collect bank letter from Licensing and Registration Department to get permission to open
foreign currency account from National Bank of Ethiopia.
Step 8: Transfer/deposit cash in the speci ed company account.
Step 9: Collect con rmation letter and credit advice from the bank.
Step 10: submit authenticated lease agreement and TIN number.
Step 11: submit ve recent passport size photographs of the General Manager.
Step 12: Collect investment permit certi cate and commercial registration certi cate from Licensing
and Registration Department.
The requirement for PLC also apply for share company and joint venture.
Note:
Authenticated by the concerned notary o ce and Ethiopian Embassy in the foreign country; and
Authenticated and registered by the Ministry of Foreign A airs of Ethiopia.
Others
For wholly foreign owned company, the minimum capital requirement is 200,000 USD (USD 100.000 if
it is architectural or engineering works or related technical consultancy services, technical testing and
analysis or in publishing)
For joint venture company, the minimum capital requirement is 150,000 USD (USD 50.000 if it is
architectural or engineering works or related technical consultancy services, technical testing and
analysis or in publishing)
(http://www.linkedin.com/pub/ethiopian-
investment-commission/a2/723/254)