Ethiopia - Apply for Domestic Investor Permit

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Procedure

Apply In Person

1. To Apply for Domestic Investor Permit, the applicant has to approach the Ethiopian Investment Commission (EIC) Link
2. An application form will be provided to the applicant by the concerned officer. or it can be downloaded from the following link
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
6. Submit all the documents with the completed form to the concerned officer.
7. The application fee and processing fee for Domestic Investor Permit are free of cost.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
10. For further process, the applicant has to follow the instruction given by the officer.
11. This entire process can be completed within 4 – 6 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Application form link
• Copy of business license
• Summary of financial statement of the recent two years
• Feasibility study of the project
• Power of attorney, if the application is made through an agent.
• Photocopies of Memorandum and Articles of Association.
• Photocopies of the relevant passport pages of each shareholder, if the company is to be established in Ethiopia.
• Clearance letter from the Ministry of Trade and Industry for the company name,
• 3 recent passport-size photographs if the investor is a person
• In the case of a joint investment with a domestic investor, a photocopy of the identity card or certificate evidencing domestic investor status
• List of capital goods and basic raw materials

Office Locations & Contacts

Ethiopian Investment Commission (EIC),
P.O. Box 2313
Addis Ababa, Ethiopia
Tel: +251 11 551 0033
Fax: +251 11 551 4396
Email: [email protected]
Contact link

Eligibility

• All foreign investors or domestic investors who want to establish a business in Ethiopia are eligible to make this application.

Fees

• The application fee and processing fee for Domestic Investor Permit are free of cost.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

• Application form link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 4 – 6 weeks or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name of the applicant
• Intended Business Address
• Mailing Address
• Telephone number
• Fax number
• E-mail Address
• Business Type
• For corporations: names, nationalities, domicile of shareholders, and percentage of Share Capital
• Amount of Capital to be invested in the enterprise
• Summary of business activities to be carried out
• Number of individuals to be employed
• Bankers Name and Address in Ethiopia or overseas.

Need for the Document

• The investment permit should be used only to implement the approved investment project.
• The Investment permit can be obtained in one of the following ownership forms:
  • Sole proprietorship
  • The business organization incorporated in Kenya or abroad
  • Public enterprises and
  • Cooperative societies.

Information which might help

• The three types of investors in a business are pre-investors, passive investors, and active investors.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

• Domestic investment is a productive factor for economic growth. Hence, domestic investments and capital formation increase economic growth.
• The economic model advocates that a rise in investment leads to a boost the capital formation which enhances the economic growth