Doing business in Ethiopia

1)are foreign investors welcome in Ethiopia?

Yes, They are very welcome

2)Is it complicated to register a company in Ethiopia? What is the procedure?

It is simple: draw memorandum and articles; have copies of your passport; rent an office and get a notarised agreement; put some money in your bank account; go to investment agency and register your company

3)What is the corporate tax rate in Ethiopia?

30%

4)Is it easy to recruit?

Very easy: post a vacancy on local papers or consult a management consultant or ask for recommendations from your contacts

4) Any advice you would share with us?

Ethiopia is currently the third fastest growing country in the world following India and China (according to The Economist). The Ethiopian government promotes investments in Agriculture and manufacturing for export. Up to 70% bank loans are available. There are still many untapped opportunities.

5)Thank you very much for your participation,

You are most welcome, Julien.