10 steps to incorporating in Ethiopia

Incorporation of a company in Ethiopia is fairly straightforward the average timelines to complete each step of the engagement can be found on this timeline page. Our Clients will not have to travel to the country as our Ethiopia incorporation agent will complete all procedures on their behalf. The typical procedures for formation of a business in Ethiopia are as follow:

  1. Ethiopia incorporation proceduresBefore proceeding with Ethiopia company incorporation, Healy Consultants expects Clients to i) settle the fees applicable to the engagement ii) sign and return our engagement letter and iii) provide all the documents requested for our due diligence checks;
  2. Healy Consultants will then prepare a detailed Ethiopia business incorporation engagement project plan, mapping out a step by step the project, from incorporation to the opening of its corporate bank account in Ethiopia;
  3. In accordance with the Commercial Registration and Business Licensing Proclamation, our team will then conduct a name search to verify the uniqueness of the company name and reserve the same with the Ministry of Trade and Industry;
  4. We then prepare and provide to our Client templates for the Memorandum and Articles of Association, as well as shareholders and directors consent forms. Our Client signs and subsequently courier back these documents to us;
  5. Healy Consultants prepares and presents i) all the necessary company documents ii) a lease agreement and iii) all shareholders and directors ID documents at the Documents Authentication and Registration Office (DARO) for verification and authorization of incorporation of the Ethiopian company;
  6. Healy Consultants International Banking Team i) submits all the required company documents at the Commercial Register at the Ministry of Trade and obtain an account opening letter ii) assists our Client to open a business bank account in Ethiopia with the approved commercial bank and deposit the required share capital of US$750 (ETB15,000) and obtain receipt of deposit;
  7. Following the share capital deposit, Healy Consultants i) presents evidence of share capital deposit and all the company documents ii) registers the company at the Commercial Register at the Ministry of Trade iii) obtains the Commercial Registration certificate iv) prepare a company seal;
  8. Healy Consultants Ethiopia Incorporation Team then registers the new Ethiopia company for income tax and VAT with Ethiopian Revenue and Customs Authority and obtains i) a Tax Identification Number (TIN) and ii) a VAT certificate;
  9. Subsequently Healy Consultants Ethiopia Incorporation Team submits the new company registration documents at the Commercial Register and obtains i) a business license, and if required ii) installs the cash registration machine for VAT tax compliance;
  10. After completion of the engagement, Healy Consultants will courier, to our Client’s preferred international address, the complete company kit including i) original corporate documents ii) an unopened bank correspondence and iii) Client engagement feedback survey regarding the quality of our Ethiopia company incorporation services.

Contact us

For additional information on our company incorporation services in Ethiopia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
Ethiopia Chamber of Commerce & Sectoral Association Ethiopia government portal Ethiopia ministry of trade Ethiopian revenues and customs authority National bank of Ethiopia