Investors wishing to establish a new business must first apply for an investment permit at the Ethiopian Investment Commission.
Investors wanting to buy an existing enterprise or shares require approval from the Ministry of Trade.
To be approved for an investment permit, the project must meet the following capital requirement:
- USD 200,000 for a single investment project by a foreign investor
- USD 150,000 if the investment is joint with a domestic investor
- USD 100,000 if the investment is on architectural or engineering works or related technical consultancy services, technical testing, and analysis or in publishing work, and is solely owned by a foreign investor.
- If the investment is joint with a domestic investor in specific sectors, the required amount is USD 50,000.
- There is no capital requirement for reinvestment of profit or dividend.
For the first visit to Ethiopia, a business visa can be obtained from an overseas diplomatic mission. Once an investment permit is obtained, the Department for Immigration and Nationality Affairs issues a residence permit. Foreign investors who are shareholders are then entitled to get a residence permit. For investors in industrial parks, multiple entry five-year visas are provided.
Source: https://cutt.ly/OYaw8Gt
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