Sunday, 06 July 2014 19:16

Other Requirements for Investment Permit

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  1. For Sole Proprietorship (Individual Investor)
    • An application form duly filled and signed by the investor / agent. Where the application is made by an agent, a photocopy of his/her power of attorney.
    • Photocopies of the relevant pages of a valid passport including the pages that shows recent entry visa;
    • Collect from EIA letters for the bank to deposit the minimum requirement.
    • To get an investment permit, come with bank recommendation letter about the deposited minimum required capital.
  2. Business organization (Wholly foreign owned and Joint investment )
    • Prepare Draft Memorandum and Articles of Association according to Ethiopian Investment Law.
    • Get a clearance letter from the Agency (EIA) for the name of the company.
    • Attach copy of valid passport and visa / or ID of the General Manager and shareholders.
    • Edit and authenticate the Memorandum and Article of Association at EIA.
    • Collect Letter for the bank to deposit the minimum requirement or the paid-up capital of the company.
    • To get the commercial registration and investment permit, come with bank recommendation letter about the deposited capital, TIN and authenticated office rental agreement.
    • Fill an application form and attach the above mentioned documents with it.
  3. Branch of a business organization
    • An application form duly filled and signed by the agent of the business organization.
    • Copy of memorandum and article of association or equivalent document of the parent company.
    • Photocopy of documents ascertaining the legal personality of the business organization (registration certificate).
    • Minutes of the parent company passed by an authorized body for the establishment of a branch company in Ethiopia, authenticated by the public notary, or a letter written by the owner in case of a one – Man Company.
    • Authenticated photocopy of the power of attorney of the representative of the company, and photocopies of the relevant pages of the representative’s valid passport or ID, in case the representative is and Ethiopian national.
    • Collect from EIA letters for the bank to deposit the minimum requirement.
    • To get an investment permit, come with bank recommendation letter about the deposited minimum required capital.
  4. Expansion or upgrading of existing Enterprises
    • An application form duly filled and signed by the investor / agent. Where the application is made by an agent, a photocopy of his/her power of attorney.
    • Where the investment is made by a business organization, photocopies of its memorandum and article of association (with amendments if any).
    • Photocopy of a valid business license, principal registration certificate and audit report of the existing enterprise.
    • Three passport size recent photographs of the investor or the general manager (if company).
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