Branch /Multinational Company

 

Branch /Multinational Company

  • Step 1: Collect/download application form from www.investethiopia.gov.et or EIC information desk.
  • Step 2: Submit filled application form with project proposal (business plan), authenticated parent (mother) company documents and new company general manager’s valid passport and business or investment visa in Licensing and Registration Department.
  • Step 3: Collect bank letter from Licensing and Registration Department to get permission to open foreign currency account from National Bank of Ethiopia.
  • Step 4: Transfer/deposit cash in the specified company account.
  • Step 5: Collect confirmation letter and credit advice from bank.
  • Step 6: Collect investment permit certificate from Licensing and Registration Department.

 

Note:

All documents whose sources are outside of Ethiopia shall be:

  • Authenticated by the concerned notary office and Ethiopian Embassy in the foreign country; and
  • Authenticated and registered by the Ministry of Foreign Affairs of Ethiopia.

Documents to be Notarized and Authenticated

  1. Memorandum of association and Article of Association
  2. Certificate of origin
  3. Minutes of resolution
  4. Power of attorney

Others

  • Business (investment) visa copy
  • Passport size picture of the general manager

Minimum Capital Requirements

  • For wholly foreign-owned company, the minimum capital requirement is 200,000 USD (USD 100.000 if it is architectural or engineering works or related technical consultancy services, technical testing, and analysis or in publishing)
  • For joint venture company, the minimum capital requirement is 150,000 USD (USD 50.000 if it is architectural or engineering works or related technical consultancy services, technical testing and analysis or in publishing)

                                                                                                                                      

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