Company Registration in Ethiopia
[vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][vc_wp_custommenu nav_menu=”797″ el_class=”def”][vc_column_text]Company Registration in Ethiopia | Ethiopia Company Registration | Company Formation in Ethiopia
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Ethiopia Economy at a Glance | Overview on Starting a Business in Ethiopia
Ethiopia is Africa’s 9th largest economy and 2nd biggest population of about 100 Million people.
The Ethiopian economy has grown at an average of 10% since 2010 and in 2012 Ethiopia was the Fastest Growing Economy in the world, Managing to grow faster than other African Countries Such as Rwanda, Mozambique, Zambia and Ghana, As well as China and India.
Addis Ababa is also the main air hub for Africa and the home of Ethiopian Airlines, which has won repeated recognition as the best airline in Africa. Ethiopian products have duty-free, quota-free access to the U.S. and EU markets under the African Growth and Opportunities Act (AGOA) and the Everything But Arms
(EBA) initiative, respectively. Ethiopia enjoys also preferential access to key markets like Australia, Canada, Japan, New Zealand, Norway, Switzerland, China, India, Russia, the Republic of Korea, and Turkey.
Ethiopia Majorly exports Coffee, Oil seeds, leather and leather Products, Pulses, meat and Meat products, Fruits, Vegetables, Live animals, Gold, Flowers and Electricity. The Major Export destination of Ethiopian Products include Europe 34 %, America 7%, Africa 20%, and Asia 37 %.
Major Imports to Ethiopia include the following; Fertilizers, Fuel, Petroleum products, Capital Goods and Consumer goods. The percentages of this imports by origin is as follows Asia 62%,Europe 25% America 8% Africa 4%.
The Tax Regime in Ethiopia is Quite Straight forward with the Tax rate for personal Income ranging from 0 to 35 %, Corporation Tax is at 30% and Vat at 15%.
Here are 8 Simple Steps on Company Registration in Ethiopia
For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in Ethiopia;
- Company registration in Ethiopia
- Government Licenses Processing | Commercial Registration Issuance
- Business Bank Account Opening
- HR Recruitment and Management
- Work Permit Processing
- Apartment/Office/Warehouse Sourcing.
Company Registration in Ethiopia Summary Table
| Entity | Subsidiary Company | Branch Company |
|---|---|---|
| How Long does Company registration in Ethiopia Take? | 20 Days | 20 Days |
| How long Does it take to Open Bank Account? | 5 Days | 5 Days |
| After how Long can you Invoice and Hire | 25 Days | 25 Days |
| Minimum Number of Directors and Shareholders | 2 | – |
| Foreigner Can own the Company 100% | Yes | Yes |
| Can the entity hire expatriate staff | Yes | Yes |
| Tax Identification Registration required | Yes | Yes |
| Access to Ethiopia’s double Tax treaties | Yes | Yes |
| Can bid for Government Contracts? | Yes | Yes |
| Can Secure Trade Finance? | Yes | Yes |
| Can Secure an Import and Export Licence? | Yes | Yes |
| Can Easily Convert into a PLC? | Yes | No |
| Can Secure Work permits for foreign Employees and Directors? | Yes | Yes |
| Multi Currency Bank Accounts Available? | Yes | Yes |
Click Here to Talk to an Expert or for additional information on Company Registration in Ethiopia or to request for a quotation.[/vc_column_text][rt_heading style=”” align=”” mobile_align=”” size=”h4″ font_color_type=”” font=”” custom_font_size=”” link=”” link_open=”_self” rt_class=”rt-9291448″ punchline=””]Frequently Asked Questions About Company Registration in Ethiopia[/rt_heading][/vc_column][/vc_row][vc_row rt_row_background_width=”fullwidth” rt_row_content_width=”default” rt_row_style=”default-style” rt_row_height=”” rt_column_gaps=”” rt_row_shadows=”” rt_row_borders=”” rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”cover” rt_bg_position=”right top” rt_bg_attachment=”scroll” rt_bg_layer=”” rt_bg_video_format=”self-hosted”][vc_column rt_bg_effect=”classic” rt_bg_image_repeat=”repeat” rt_bg_size=”auto auto” rt_bg_position=”right top” rt_bg_attachment=”scroll”][vc_toggle title=”How to register a business in Ethiopia?”]To Register a business in Ethiopia, you will need to first decide if you want to register it as a foreign company or a local company. The other critical thing is to ascertain if the business activity you are interested in is allowed for foreigners. Click on this link to double check on this.[/vc_toggle][vc_toggle title=”How long does it take to register a company in Ethiopia?”]The process to register a company in Ethiopia can take anywhere between 2 Weeks and 1 Month if all the documents are duly completed and submitted.[/vc_toggle][vc_toggle title=”How do I register a foreign company in Ethiopia?”]To register a foreign company, you will need to lodge an application with the Investment Commission of Ethiopia with details of the project you are looking to undertake in Ethiopia. The other major requirement is Investment of at least USD 200,000. this may be reduced slightly depending on the business activities.[/vc_toggle][vc_toggle title=”Is there LLC in Ethiopia?”]Yes, an LLC is one of the most commonly used type of business. An LLC must have at least 1 Director and 2 Shareholders.[/vc_toggle][vc_toggle title=”How much does it cost to register a company in Ethiopia?”]The cost for Ethiopia Company registration depends on the type of company that you choose to register. Contact us today to speak to one of our team members for guidance on the same.[/vc_toggle][/vc_column][/vc_row]