Start Up

HOW TO START YOUR OWN BUSINESS

 

Doing Business in Ethiopia


Any investor wanting to start up a business in Ethiopia needs to be well prepared and well informed. The minimum capital required for a foreign investor is USD 200.000 per project*. However, for instance, if a foreign investor invests in partnership with a domestic investor the minimum capital required is reduced to USD 150.000.

Before starting any activity, the following preliminary steps must be addressed:

  1. Researching the market your company will operate in and whether that is in accordance with the Investment Proclamation;
  2. Selecting the type of business organization you would like to establish;
  3. Identifying a knowledgeable local agent (with a power of attorney);
  4. Verification of the available agro-climatic conditions for your specific crops – if applicable;
  5. Export procedures – if applicable.
 

 

ESTABLISHING A COMPANY

Pre-requirement
A legalized copy of an official English translation of your Memorandum of Association (statuten) and Articles of Association (oprichtingsakte).
Necessary steps:
the Ethiopian - Netherland business association.