Ethiopia is formally known as the Federal Democratic Republic of Ethiopia. Ethiopia is in the north-eastern part of Africa, at the crossroads between Africa, the Middle East and Asia. The country has a constant political and economic environment. The Ethiopian Investment Agency (EIA) is a government agency established to promote private investment, foreign direct investment (FDI). The entire activities of the Agency are monitored and observed by an Investment Board, chaired by the Minister of Industry. The Ethiopian Government has made efforts, through procedural and legislative reforms, to enhance the investment climate of the country and thereby encourage more foreign direct investment.
Scroll down for more information on Company Formation in Ethiopia.
|Type||Limited Liability Company/Branch office|
|Under Ethiopian law, foreigners can own||100%|
|Share Capital||USD 200,000|
|Memorandum and Articles of
|Can the entity hire expatriate staff in
|Tax Registration Certificate required||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||1 week|
|Timeframe to Incorporation||3-4 weeks|
|Access to Mozambique
double tax treaties