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Business registration is a mandatory requirement to start a business or investment in Ethiopia. No person can engage in any commercial activity without registering in the commercial register. Commercial register is administered by Ministry of Trade, and the Ministry of trade delegates the registrations of any commercial activities to different federal government institutions such as Ethiopian Investment Agency, and regional bureaus. The delegated registering bodies at different levels have responsibility to forward the registered information…
The minimum capital required of a foreign investor is US$ 100 thousand per project. However, if a foreign investor invests in partnership with domestic investor(s). the minimum capital required of him is US$ 60 thousand per project. The minimum capital required of a foreign investor investing in areas of engineering, architectural or other technical consultancy services, accounting and audit services, project studies or business and management consultancy services and publishing is US$ 50 thousand where…
Notwithstanding the provisions of the Exemption from the Payment of Customs Duty, the following areas of investment are not eligible for exemption from the payment of customs duty. Hotels (excluding star-designated hotels), motels, tea rooms, coffee shops, bars, night clubs and restaurants which do not have international standards; Wholesale, retail and import trade; Maintenance services; Commercial road transport and car-hire services; Postal and courier services; Real estate development; Business and management consultancy services; Advertisement services;…
Importers to Ethiopia are required to pay Import (Customs) duty, Withholding Tax (a fixed rate of 3%), Excise Tax (if applicable), VAT (a fixed rate of 15%) and Surtax (a fixed rate of 10%).Tariff Calculator Total Cost of the goods = FOB Cost + Insurance + Freight Total Cost of the goods x Import Customs Duty = A (Total Cost of the goods + A) x Excise Tax Rate (If applicable) = B (Total Cost…
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