Company Registration in Ethiopia – SK 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

Basic Requirements

  • Minimum 2 members to incorporate a company
  • Minimum Share Capital of ETB 15000.

Documents Required

  • Memorandum of Association
  • Articles of Association
  • Passports copies of the directors

Our Services

  • Drafting relevant documents pertaining to business registration in Ethiopia
  • Name Reservation
  • 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

Time Frame

Registering a company in Ethiopia takes approximately 1 - 2 months.
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