investethiopia.gov.et : New Investment Permit Application Process Ethiopia

Organization : Ethiopian Investment Commission
Type of Facility : New Investment Permit Application Process
Country: Ethiopia

Website : https://investethiopia.gov.et/get-started/invest-in-ethiopia/

New Investment Permit Application Process :

Ethiopia’s new Investment Permit Application process is simple and requires only a few steps:

Related : Ethiopian Investment Commission Incentives & Taxation Procedures For Investment Ethiopia : www.statusin.org/8518.html

These steps vary slightly depending on the business form under which investors plan to operate their business:
Sole Proprietorship:
Step 1: Collect information from Ethiopian Investment Commission (EIC) Information and Investment Promotion Department about requirements, incentives, etc.
Step 2: Collect application form from Information Desk.
Step 3: Submit application with passport and visa to start new investment permit application in Licensing and Registration Department.
Step 4: Collect bank letter from Licensing and Registration Department to open an account at National Bank of Ethiopia.
Step 5: Transfer/deposit cash in an opened bank account.
Step 6: Collect confirmation letter from bank which states the bank account is already opened and money is transferred/deposited.
Step 7: Collect investment permit certificate from Licensing and Registration Department.

Private Limited Company (PLC):
Step 1: Collect information from Information and Investment Promotion Directorate about requirements, incentives, etc.
Step 2: Collect application form memorandum and article of association from Information Desk.
Step 3: Submit draft memorandum and article of association in Licensing and Registration Department
Step 3: Check uniqueness of the company name from Ministry of Trade (MoT) database
Step 4: Collect letter of clearance for unique company name from Licensing and Registration Department
Step 5: Edit and authenticate memorandum and article of association in Licensing and Registration Department.
Step 6: Collect letter to the National Bank of Ethiopia from Licensing and Registration Department to open an account at the bank.
Step 7: Open an account in the bank and transfer/deposit money.
Step 8: Collect confirmation letter from the bank which states the bank account is already opened and money transferred, authenticated lease agreement from documentation and authentication office and TIN number from CUSTOM and Revenue office.
Step 9: Fill application form /profile/ available at EIC Information Desk.
Step 10: Collect investment permit certificate and principal registration from Licensing and Registration Department

Branch /Multinational Company:
Step 1: Collect information from Information and Investment Promotion Directorate about requirements, incentives, etc
Step 2: Collect application form from EIC Information Desk
Step 3: Submit application, authenticated parent (mother) company document, new company general manager’s passport and visa in Licensing and Registration Department to start new investment permit
Step 4: Collect a letter to the National Bank of Ethiopia from Licensing and Registration Department of EIC to open an account in a bank
Step 5: Open an account at the bank and transfer/deposit cash
Step 6: Collect confirmation letter from bank which states the bank account is already opened and money is transferred/deposited
Step 7: Collect investment permit certificate from Licensing and Registration Department

Contact Us:
Ethiopian Investment Commission
Addis Ababa, Ethiopia
P.O. Box 2313
Ethiopia

Phone : (+251) 11 551 0033
Fax : (+251) 11 551 4396
Mobile : ethioinvest@investethiopia.gov.et