Investment procedures and requirements
Tourism and hospitality investment areas reserved only for domestic investors
Tourism and hospitality investment areas reserved for joint investment domestic and foreign investors
Tourism and hospitality investment areas open to foreign investors
Minimum Capital Requirements for Foreign Investors
Requirement and Issuance of Investment Permit
These investors shall be required to obtain investment permits:
External Loan and Foreign Currency Account
Any investor may acquire external loan for his investment as per the applicable Directive of the National Bank of Ethiopia. Any investor may operate a foreign currency account in Banks in Ethiopia for the purpose of its investment as per the applicable Directive of the National Bank of Ethiopia.
Investment in Tourism and Hospitality
The following attractive investment incentives are given by the investment board for seven potential destinations; Abijatta-Shalla National Park, Bale Mountain National Park, Semien Mountains National Park, Gheralta Mountains, Erta Ale, Abaya and Chamo lakes, Arbaminch and Wenchi Crater Lake.
Abijatta-Shalla National Park
It is located in the Oromia Region in the central rift valley, 200 kilometers south of Addis Ababa, and east of the Ziway–Shashamane highway. It contains 887 square kilometers including the Rift Valley lakes of Abijatta and Shalla. The two lakes are separated by three kilometers of hilly land. The altitude of the park ranges from 1540 to 2075 meters, the highest peak being Mount Fike, which is situated between the two lakes. Besides the two lakes, the primary attraction of this national park are a number of hot springs on the northeast corner of Lake Abijatta, and large numbers of flamingoes on the lake.
Bale Mountain National Park
It is located in southeast Ethiopia with the state of Oromia, about 430 km from Addis Ababa and 150 km from Shashemene. The park was registered in 2009 as a World Heritage Tentative List. The total area of the park is 2,150sq km and is visited annually by thousands of domestic and foreign tourists. Particular features of the park are; Saneti Plateau, Harena Forest, and the most famous wildlife species of the Ethiopian Wolf, Mountain Nyala and Bale Monkey.
Semien Mountains National Park
It is located in the Amhara National Regional State, 860km from Addis Ababa, and 120km from Gondar. The total area of the park is currently 412 sq km, with annual visitor numbers more than 32,000 by 2019. Particular features of the park are fascinating scenery, with 8 different mountains above 4,000 meters high, including the tallest mountain peak Ras Dashen in Ethiopia. The park is a home for the indemics Walia ibex, Simien fox and Gelada baboon.
Gheralta Mountains
These mountains are located in the Tigray Region of Ethiopia, with more than 30 rock hewn churches built in the sixth century. The churches including; Abuna Yemata Guh, Abuna Abraham Debre Tsion,Debre Maryam Korkor.
Erta Ale
The natural wonders of Ertale are in the Afar region, north-eastern Ethiopia. The unique features include the Danakil Depression, Hadar the recovering place of Lucy, the Erta-Ale active volcano, Afdera the Salt stock lake, and numerous hot springs. Erta Ale (meaning “smoking mountain”) is 613 metres (2,011 ft) high, with one or sometimes two active lava lakes at the summit which occasionally overflow on the south side of the volcano. Denakil depression has developed as a result of Africa and Asia moving apart, causing rifting and volcanic activity and is about 125 meteres below sea level.
Abaya and Chamo lakes, Arbaminch
Located 500 Km from Addis Ababa and it is two cities in one. The settlements of Shecha and Sikela, is separated by 3km of virtual no-man’s land. It is one of Ethiopia’s last great surviving wildernesses; Offers fantastic views over the volcanic lakes, Abaya and Chamo, are angles of paradise. By far the largest of Ethiopia’s Rift Valley lakes, the 551-square-kilometre waters of Chamo and the 1,160-square-kilometre surface of Abaya are considered by many to be the most beautiful; alive with many species of fish (the fighting tiger fish), giant Nile perch, barbell, catfish and tilapia offering fine sport for fishery. Forms part of one of Ethiopia’s finest national parks, Nech Sar, established as a sanctuary for the rare Swayne’s hartebeest.
Wenchi Crater Lake
Wenchi is a highland area, situated in Oromia Regional state in South West Shewa Zone, 155 km west of Addis Ababa. The area is famed for its beautiful mountainous landscape, used partly as farmland and partly covered by natural forest. An old monastery with a church is situated on one of the lake islands. Other attractions included the hot mineral springs, waterfalls and dramatic valleys around the lake.
Why Invest In Oromia
1.Committed Government | • High level political commitment for investment promotion and protection; investment policy Reforms
• Wide-ranging incentive packages for priority sectors and export-oriented investments. • Implemented one stop service and online registry platform |
2. Developed infrastructure | • Huge investment potential in renewable energy including hydro, wind and geothermal
• Expanding telecommunication services. • Expanding Power/electricity services. • New road construction |
3. Favorable market factors | · Strategic location with proximity to the the capital city , Addis Ababa
· Excellent climate and fertile soils · Ample investment opportunities due to endowment of natural resource |
4. Young and productive population | · The population is about 48.2 million
· About 47.6% of the population is under 15 years · 49.24% ranging between 15-64 years (Active working age population) |
huge natural resource base and development potentials | Fertile land for agriculture, Water Resources, Energy Resources, Mineral Resource, Forest and Wildlife |
KEY GOVERNMENT STRATEGIES | · Policy Reforms and development of infrastructure
· Development of world-class service delivery · Targeted investment in priority areas · Tailored incentives |
Infrastructure Access
|
· Road- High quality road infrastructure network connecting major cities, towns and local markets in the country.
· Water – abundant water resource potential, about 58 billion cubic meter · Telecommunication– the country has national and international telecommunication services by using satellite, Micro-wave Digital Radio Multi Access (DRMAS), VSAT, UHF, VHF and HF Radio. · Power/ electricity – The government is investing to develop these potentials and as a result, the Grand Ethiopian Renaissance Dam (GERD), with an electricity generation capacity of 6,500MW, is under construction. |
Development of world-class service delivery | · Targeted investment promotion
· Streamlined One Stop Service including licensing, Visa, TIN, and other services · Approves incentives · Post establishment aftercare Support · Smart and proactive investment support by initiating policy and implementation measures necessary for a conducive and competitive investment climate in collaboration with relevant stakeholders. |
Investment Opportunities
Targeted Investment Priorities are:
Investment Incentives
Tailored and competitive incentives are provided to investors | |
FISCAL | ü Income Tax exemptions
ü Custom tax exemptions ü Loss carry forward ü Full export duty exemption |
NON FISCAL | ü Guarantee against expropriation
ü Guarantee for repatriation of funds ü Customs facilitation through bonded export factory and similar other schemes ü Relaxed Industrial park land regime |
Others | ü One-Stop Shop Service
ü Expedited procedure for securing visa, work permit and certificate of residency ü Facilitation of market linkages ü Aftercare Service |
Priority Sector : Agriculture
1,920 Total number of projects
229,174 Total number of Jobs created
994 Operational
11 Completed construction
44 Pre Implementation
664 Not Implemented
16 Under Construction
158 Abandoned
Priority Sector : Agro-Industry
2468 Total number of projects
______ Total number of Jobs created
1358Operational
147 Completed construction
82Pre Implementation
576 Not Implemented
197 Under Construction
108 Abandoned
Priority Sector : Manufacturing
2204 Total number of projects
____Total number of Jobs created
1,051Operational
367 Completed construction
33 Pre Implementation
353 Not Implemented
319 Under Construction
158 Abandoned
Priority Sector : Service
6,348 Total number of projects
123,193 Total number of Jobs created
3,409 Operational
923 Not Implemented
160 Completed construction
52 Pre Implementation
1,517 Under Construction
287 Abandoned
Investment Inflow
Investment Status by Sector
Massive investment has been made in infrastructure development in support of investors
Registered Capital by Investment Projects in Birr
Identified investment potentials in 5 Zone and 1 Town
Useful Contacts
Ethiopian Investment Commission
P.O. Box 2313
Tel: +251-11-551 0033
Fax: +251-11-551 4396
E-mail: ethioinvest@investethiopia.gov.et
Website: http://www.investethiopia.gov.et
Oromia Investment Commission
P.O. Box 2313
Tel: 251118350847
Free Call Center: 888
Email: getintouch@oromiainvest.com
Website:http://oromiainvest.com
Why Invest In Oromia
1.Committed Government | • High level political commitment for investment promotion and protection; investment policy Reforms
• Wide-ranging incentive packages for priority sectors and export-oriented investments. • Implemented one stop service and online registry platform |
2. Developed infrastructure | • Huge investment potential in renewable energy including hydro, wind and geothermal
• Expanding telecommunication services. • Expanding Power/electricity services. • New road construction |
3. Favorable market factors | · Strategic location with proximity to the the capital city , Addis Ababa
· Excellent climate and fertile soils · Ample investment opportunities due to endowment of natural resource |
4. Young and productive population | · The population is about 48.2 million
· About 47.6% of the population is under 15 years · 49.24% ranging between 15-64 years (Active working age population) |
huge natural resource base and development potentials | Fertile land for agriculture, Water Resources, Energy Resources, Mineral Resource, Forest and Wildlife |
KEY GOVERNMENT STRATEGIES | · Policy Reforms and development of infrastructure
· Development of world-class service delivery · Targeted investment in priority areas · Tailored incentives |
Infrastructure Access
|
· Road- High quality road infrastructure network connecting major cities, towns and local markets in the country.
· Water – abundant water resource potential, about 58 billion cubic meter · Telecommunication– the country has national and international telecommunication services by using satellite, Micro-wave Digital Radio Multi Access (DRMAS), VSAT, UHF, VHF and HF Radio. · Power/ electricity – The government is investing to develop these potentials and as a result, the Grand Ethiopian Renaissance Dam (GERD), with an electricity generation capacity of 6,500MW, is under construction. |
Development of world-class service delivery | · Targeted investment promotion
· Streamlined One Stop Service including licensing, Visa, TIN, and other services · Approves incentives · Post establishment aftercare Support · Smart and proactive investment support by initiating policy and implementation measures necessary for a conducive and competitive investment climate in collaboration with relevant stakeholders. |
Investment Opportunities
Targeted Investment Priorities are:
Investment Incentives
Tailored and competitive incentives are provided to investors | |
FISCAL | ü Income Tax exemptions
ü Custom tax exemptions ü Loss carry forward ü Full export duty exemption |
NON FISCAL | ü Guarantee against expropriation
ü Guarantee for repatriation of funds ü Customs facilitation through bonded export factory and similar other schemes ü Relaxed Industrial park land regime |
Others | ü One-Stop Shop Service
ü Expedited procedure for securing visa, work permit and certificate of residency ü Facilitation of market linkages ü Aftercare Service |
Priority Sector : Agriculture
1,920 Total number of projects
229,174 Total number of Jobs created
994 Operational
11 Completed construction
44 Pre Implementation
664 Not Implemented
16 Under Construction
158 Abandoned
Priority Sector : Agro-Industry
2468 Total number of projects
______ Total number of Jobs created
1358Operational
147 Completed construction
82Pre Implementation
576 Not Implemented
197 Under Construction
108 Abandoned
Priority Sector : Manufacturing
2204 Total number of projects
____Total number of Jobs created
1,051Operational
367 Completed construction
33 Pre Implementation
353 Not Implemented
319 Under Construction
158 Abandoned
Priority Sector : Service
6,348 Total number of projects
123,193 Total number of Jobs created
3,409 Operational
923 Not Implemented
160 Completed construction
52 Pre Implementation
1,517 Under Construction
287 Abandoned
Investment Inflow
Investment Status by Sector
Massive investment has been made in infrastructure development in support of investors
Registered Capital by Investment Projects in Birr
Identified investment potentials in 5 Zone and 1 Town
Useful Contacts
Ethiopian Investment Commission
P.O. Box 2313
Tel: +251-11-551 0033
Fax: +251-11-551 4396
E-mail: ethioinvest@investethiopia.gov.et
Website: http://www.investethiopia.gov.et
Oromia Investment Commission
P.O. Box 2313
Tel: 251118350847
Free Call Center: 888
Email: getintouch@oromiainvest.com
Website:http://oromiainvest.com