½ûÂþÌìÌÃ

jahoilett,

There are many companies seeking shareholders in Ethiopia. Foreigners are restrictricted from few sectors like financial institutions, import and distributions. However, the most of the sectors are open to anyone.

All you have to do is get clarification from consultants/ government bodies that the sector you intend to invest in open for foreigners, register your investment by Investment agency and National Bank, fill the forms and submit with copy of your passport.

There is minimum investment for foreigners, which is USD 60,000 if you are investing jointly with local ppl (to be a shareholder in a local company.

Hope this helps.

let me know if you need additional info.

Sincerely,
Suave

hello

shareholding can be either in a PLC or SC,
1. in a normal PLC you will have to go mainly according to the Investment proclamation,
a.) a Joint venture with a non ethiopia will request 150.000 USD Investment (refers to the Project), now depending on your shareholding you can calculate your part
b.) beside the ruels and Regulation this entety will be mainly regulated by the article and Memorandum the two Basic contracts. Most People use very simple once, which are circulating since years in Ethiopia, indeviduall Regulation are unknown, even lawyers use this simple documents - highly risky!! for non Ethiopians. Every Thing which is not regulated will go according to the Commercial law of Ethiopia.

2. S.C their are some public share companies, selling Shares, this is regulated with the so called "prospect" but, a big but, Ethiopia has no Regulation authoreties controling this as you find on the international stock market such as London or Frankfurt!


Basicaly I can make it short, don t do it. If you invest and this with a local Partner do it with a min of 51% Shares, no way arround.

Oliver