Information for Investors

Setting Up Your Business

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