Ethiopia is an ancient Independent and stable country in Africa. It has untapped resource and fertile land suitable for agriculture. Its democratic and peaceful powerful system of government makes it helpful to enter into investment.
Ethiopia has moderate climate and sufficient rain falls through out the year. In Ethiopia one can observe 13 months of sunshine. This is a great gift of God.
To mention a few, Ethiopia is the seat of Africa union (AU). The United Nations Economic commission for Africa, foreign embassies and different organizations.
It is obvious that Ethiopia has an abundant and affordable labor force that is governed by labor Law. Besides this, the minimum wages for labor is considerably cheap compared with other countries of the world.
Location Ethiopia is found in the north eastern part of Africa known as “Horn of Africa it enjoys unique location at cross roads between Africa, the Middle East, and Asia.
Ethiopia is bordered by Djibouti and Somalia to the East, Eritrea to the north, the Sudan to the west and Kenney to the South.
Ethiopia extends from 3o -15o north of the equator, and 33o - 480 east of the Greenwich Meridian.
Ethiopia Total Population is 90 Million.
Broad Age Structure
0 - 14 Years
15 – 64 years
65 and above
Regional Hub with access to a wide market.
Ethiopia has a population of 90million people and is the second largest market in Africa.
It is also part of the common market for Eastern and Southern Africa (COMESA).
This comprises 20 more member countries and over 400 million people.
Addis Ababa is the capital city of Ethiopia and in home to key international organizations mentioned above. It has also the best airlines in Africa having 17 domestic destinations and is known that it caries two thirds of Africa’s air freight. On top of this, Ethiopian products have duty free, quota-free access to the U.S and EU markets under the African growth and opportunities Act (AGOA).
COMPETITIVE INCENTIVE PACKAGES
Ethiopia provides or allows a Customs duty payment exception on capital goods and construction materials, also on spare parts which value is not greater than 15% of the imported capital goods’ total value.
Strong Guarantees and Protections
The Ethiopian constitution and the investment law fully protect and guarantees private property of investors who launch different projects in the country.
Foreign investors have the rights to mate remittance out of Ethiopia in exchangeable foreign Currency it is known that Ethiopia is a member of the multilateral Investment Guarantee Agency (MIGA), World Bank affiliate which issues guarantee against non-commercial risks in signatory countries, and of the world intellectual property organization (WIPO).
Income Tax Exemption
There is the opportunity for income tax exception from two to seven years on manufacturing or agro-processing and agricultural investments.
Carry forward as losses for half of the tax holiday period several export incentives, including the duty draw-back, voucha, bonded factory and manufacturing warehouse, and export gedit guarantee schemes.
There are additional privilege that government guarantees such as remittance of profit, divides, principals and the provision of land at competitive lease prices.
Ethiopia is suitable place to live and work
Visa and immigration requirements
All foreign visitors who intend to come to Ethiopia need to have visa.
All foreign visitors who pleas to come to Ethiopia should have valid health certificate for yellow fever, vaccination against cholera.