Establishing a joint venture can be One Option for Foreign Investors to invest in Ethiopia. According to Ethiopian Legal system a foreign investor may team up with a domestic investor or company for a joint investment, usually in the form of a partnership, or private limited company or share company.
Under the Investment Proclamation No.280/2002, a minimum capital of USD 60,000, except in consultancy services and publishing, is required from a foreign investor who intends to enter into a joint venture partnership with a domestic investor. There is no restriction at all in share ownership in a joint venture.
A foreign investor who wishes to invest in partnership with domestic investor/s in areas of engineering, architecture, accounting and auditing services, project studies or business and management consultancy services or publishing is required to invest only USD 25,000 per project. The foreign partner can satisfy this minimum equity capital either in cash and/or in kind.
Any pertinent information about investment in Ethiopia, tax in Ethiopia, can be available from an Ethiopian Investment Lawyer, Ethiopian Tax lawyer, Ethiopian, Ethiopian Employment Layer, Ethiopian Labour Relationships Lawyer, Ethiopian Immigration lawyer.
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