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LATEST Council of Ministers Approves Regulations on Licensing Mine Explorers (/index.php/investme

Starting a business

Licensing and Registration Process in Ethiopia  


Ethiopia’s new Investment Permit Application process is simple and requires only a few steps:

Investment Permit Application Process


(/images/pdf/New_Investment_Permit_Application_ owchart.pdf)

Click to download full document. (/images/pdf/New_Investment_Permit_Application_ owchart.pdf)

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.

Private Limited Company (PLC)

Step 1: Collect application form from www.investethiopia.gov.et or Information Desk,


Step 2: Collect sample memorandum and article of association, and information about requirements,
incentives and etc. from Investment Promotion Directorate,
Step 3: Submit lled and signed application form (by the investor or general manager or legally
authorized person) along with project proposal (business plan), previous business background
(company pro le), memorandum and article of association, copy of valid passport, and investment or
business visa of each shareholder to Licensing and Registration Department, 

*In case a Company is a shareholder, the following additional documents shall be submitted:

In case of a the foreign company: -

Notarized legal certi cate of incorporation;


Notarized minutes of resolution passed by authorized organ of the parent company authorizing to
invest in Ethiopia;
Notarized document of its memorandum and articles of associations or similar documents of the
parent company; and
Notarized Power of attorney of the agent.

In case of the local company: -

Copy of memorandum and articles of associations;


Commercial certi cate;
Minutes of resolution passed by the shareholder’s; and
Notarized power of attorney of the agent

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.

Share company or Joint venture

   The requirement for PLC also apply for share company and joint venture.

Branch /Multinational Company

Step 1: Collect/download application form from www.investethiopia.gov.et or EIC information desk.


Step 2: Submit lled application form with project proposal (business plan), authenticated parent
(mother) company documents and new company general manager’s valid passport and business or
investment visa in Licensing and Registration Department.
Step 3: Collect bank letter from Licensing and Registration Department to get permission to open
foreign currency account from National Bank of Ethiopia.
Step 4: Transfer/deposit cash in the speci ed company account.
Step 5: Collect con rmation letter and credit advice from bank.
Step 6: Collect investment permit certi cate from Licensing and Registration Department.

Note:

All documents whose sources are outside of Ethiopia shall be:

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.

 Documents to be Notarized and Authenticated

1. Memorandum of association and Article of Association


2. Certi cate of origin
3. Minutes of resolution
4. Power of attorney

Others

Business (investment) visa copy


Passport size picture of the general manager

Minimum Capital Requirements

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)

 For additional information please contactus


(http://www.investethiopia.gov.et)Call: +251 11 551 00 33

Fax: +251 11 551 43 96

Ethiopian Investment Commission

 Addis  (+251) 11 551 0033


Ababa,  (+251) 11 551 4396
Ethiopia  info@ethio-invest.com (mailto:info@ethio-invest.com)
 P.O. Box  www.theiguides.org/ethiopia
2313 (http://www.theiguides.org/public-docs/guides/ethiopia)
 Ethiopia  www.ipdc.gov.et (http://www.ipdc.gov.et)

Copyright © 2019 Ethiopian Investment  (http://www.facebook.com/pages/Ethiopian-


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Commission. All Rights Reserved. EIC
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(http://www.investethiopia.gov.et/)
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