Get your company registered in Ethiopia with S K Patodia
Advantages of Starting a Business in Ethiopia
Officially known as the Federal Democratic Republic of Ethiopia; the landlocked country is located in the northeastern part of Africa and shares its border with South Sudan, Eritrea, Somalia, Sudan, Kenya and Djibouti. It has gained importance in International Trade as it offers easy access to the Middle East and Europe and additionally has signed bilateral trade and investment agreements with over 30 countries consisting of countries such as India, Germany, Netherlands, Russia, South Africa, Spain, Sweden etc. The main sectors which contribute to the growth of Ethiopia are Agriculture, Industry, Services etc. Ethiopia majorly exports coffee, gold, legumes, and meat among others. Following are the reasons why investors choose to start a business in Ethiopia.
Ethiopia is one of the fastest growing economies in Africa
According to IMF and ADB growth of Ethiopia is forecasted at a rate of 7%
It has one of the largest labour forces in Africa
It provides electricity at an economical rate as compared to other countries
It provides attractive incentives in sectors such as manufacturing, agriculture, exports, industrial park development etc.
It enjoys transparent legal operations and streamlined procedures
Minimum 2 members to incorporate a company
Minimum Share Capital of ETB 15000.
Memorandum of Association
Articles of Association
Passports copies of the directors
Drafting relevant documents pertaining to business registration in Ethiopia
Incorporation of a Company
Assistance in opening a corporate bank account
Translation services (if required)
Registering the company with the Tax Authorities in Ethiopia
Collecting the Letter of Clearance, Investment Permit certificate and Principal Registration
Registering a company in Ethiopia takes approximately 1 - 2 months.