Why Ethiopia
Take advantage of the investment prospects available in Ethiopia. Seize the opportunity to participate in the rapidly expanding economy, which ranks among the fastest-growing worldwide!
Opportunities
Us Enabling You
We possess unrivaled expertise in comprehending the intricate market dynamics, legal intricacies, regulatory nuances, and institutional framework that shape business and investment landscapes in Ethiopia.
Allow us to illuminate the investment climate in Ethiopia, guiding you towards strategic decisions and lucrative opportunities. To tap into our unparalleled knowledge, reach out to our team of esteemed business experts and expect prompt assistance.
Opportunities
Ethiopia as a country
We possess unrivaled expertise in comprehending the intricate market dynamics, legal intricacies, regulatory nuances, and institutional framework that shape business and investment landscapes in Ethiopia.
Fast-growing Economy
Ethiopia has one of the fastest-growing economies in Africa, with consistently high annual GDP growth rates, averaging around 10% over the past decade.
Abundant Natural Resources
Ethiopia is rich in natural resources, including coffee, gold, and potash. The country's vast agricultural land, combined with its favorable climate conditions, presents opportunities for agribusiness and food processing industries.
Strategic Location
Ethiopia is strategically located in the Horn of Africa, making it an important gateway for trade and business activities between Africa, the Middle East, and Europe.
Large Consumer Market
With a population exceeding 115 million people, Ethiopia offers a vast consumer market, presenting numerous opportunities for businesses in various sectors, such as consumer goods, retail, and telecommunications
Investment-Friendly Policies
The Ethiopian government actively encourages foreign investment through policies such as tax incentives, duty-free importation of machinery, and repatriation of profits, providing an attractive environment for businesses
Infrastructure Development
Significant investments have been made in recent years to improve infrastructure, including transportation networks, power generation, and telecommunications. These efforts contribute to creating a more business-friendly environment.
Opportunities
Ethiopia as a place to live & work
We possess unrivaled expertise in comprehending the intricate market dynamics, legal intricacies, regulatory nuances, and institutional framework that shape business and investment landscapes in Ethiopia.
Health Requirements
A yellow fever certificate is required for some African destinations. Vaccination against cholera is also required for any person who has visited or transited a cholera infected area within six days prior to arrival in Ethiopia.
Government
Government offices work 39 hours in a week. Office hours extend from 8.30 a.m. to 5.30 p.m. (lunch break from 12.30 p.m. to 1.30 p.m.) Monday through Thursday, and from 11.30 a.m. to 1.30 p.m. on Fridays.
Visa and Immigration Requirements
Visas are required for all foreign visitors to Ethiopia, with the exception of nationals of Kenya and Djibouti. Visas may be obtained at Ethiopia’s diplomatic missions overseas. However, nationals of 37 countries are now allowed to receive their tourist visas on arrival in Ethiopia.
Banks
Ethiopia has 3 public banks and 16 private banks, as well as numerous insurance companies (one public and 15 private) and 31 micro-finance institutions. Internationally recognized credit cards such as Visa and Mastercard are available in Ethiopia through two leading Ethiopian banks, the Commercial Bank of Ethiopia and Dashen Bank
Shops
Most shops are open up to 6 p.m., Monday through Saturday. Some shops, particularly supermarkets, are open on Sundays and public holidays.
Empower Your Vision with Expert Guidance
Ready to take your business to the next level? Partner with our expert consultants to unlock new opportunities, streamline operations, and achieve measurable results.
Opportunities
Why Invest in Ethiopia?
Ethiopia has been experiencing impressive economic growth over the past decade, with an average GDP growth rate of around 9%. This growth is driven by various sectors such as agriculture, manufacturing, construction, and services, offering numerous investment opportunities.
We will prepare you the necessary documents needed for company registration. Feasibility study or business proposal, bank statement, Memorandum of Association (MoA), and other documents might be needed based on your investment project. We make sure everything is prepared and arranged according to the requirement!
Ethiopia is rich in diverse natural resources including coffee, gold, platinum, natural gas, and fertile agricultural lands. These resources present lucrative investment prospects in sectors like mining, energy, and agriculture, enabling investors to tap into significant potential profits.
Ethiopia has a youthful population, with a median age of around 20 years. This demographic advantage provides businesses with a dynamic and trainable workforce. Furthermore, several universities and technical colleges produce graduates skilled in various fields, offering companies a talented labor pool to meet their needs.
All companies and businesses in Ethiopia should have TIN (Tax Identification Number) from the revenue office.
Since TIN (Tax Identification Number) is obtained in several branch revenue offices based on where your company/office is located, it might be hard to locate the right branch revenue office with ease. We are there to help you get it without any hassle!
Ethiopian government has implemented several reforms and policies to attract foreign investment. These include the establishment of industrial parks, tax incentives, investor-friendly regulations, and improved infrastructure development. Such support creates a favorable investment climate and helps investors navigate bureaucratic processes.