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The Investment Proclamation of 2002. as amended in 2003, and the Regulations on Investment Incentives and Investment Areas Reserved for Domestic Investors of 2003, as amended in 2008, constitute the main legal framework for both foreign and domestic investment in Ethiopia.The Ethiopian Investment Agency (EIA) is an autonomous government institution accountable to the Investment Board. The Board is chaired by the Minister of Trade and Industry. The EIA is headed by a director general who…
The application shall be made in a form designed for such purpose and submitted together with the following documents: • Where the application is signed by an agent, a photocopy of his power of attorney;• Where the investment is made by a business organization, photocopies of its memorandum of association and Articles of Association; and two recent passport size photographs of the general manager.• Where the investment is made by a sole proprietor, a photocopy…
An investment permit shall be renewed every year until the investor commences the marketing of his products and services. Note:• A holder of an investment permit may not be required to obtain a business license until the commencement of production or rendering of service upon completion of his project. • An investment permit may not be transferred to another person without the prior written approval of the appropriate investment organ.• No investor may, at any…
By a domestic investor:The application shall be made in a form designed for such purpose and submitted together with the following documents• Where the investment is to be made by an individual person, a photocopy of his identity card, or a photocopy of the certificate evidencing his domestic investor status and his recent two passport size photographs;• Where the application is signed by an agent, a photocopy of his power of attorney• Where the investment…
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