What are the required documents?
Sole proprietorship
- Duly filled application form signed by the general manager or a legally authorized person.
- A detailed project proposal. (for industrial park applicant only)
- Copy of the front page and Visa page (investment/ business Visa) of passport of the investor.
Private Limited Companies and Share Companies
- Duly filled application form signed by the general manager or a legally authorized person
- A detailed project proposal. (for industrial park applicants only)
- Copy of the front page and Visa page (investment/ business Visa) of shareholders’ passports.
- Draft Memorandum of Association (MoA) and Articles of Association (AoA) of the company to be established in Ethiopia.
If the shareholders are foreign companies then,
- Notarized Memorandum of Association (MoA) and Articles of Association (AoA) or similar documents of the parent company,
- Certificate of incorporation of the parent company,
- Minute of resolution of the parent company authorizing the establishment of a company in Ethiopia and,
- A power of attorney issued to the company’s representative here in Ethiopia.
Branch companies
- Duly filled application form signed by the general manager or a legally authorized person.
- A detailed project proposal (for industrial park applicants only)
- Certificate of incorporation of the parent company in the country of origin and an appointment of legal authorized general manager.
- Notarized memorandum and articles of association or similar documents of the parent company;
- Notarized minutes of resolution of the authorized organ of the parent company, authorizing the establishment of a branch company in Ethiopia and the amount of capital allocated for the purpose, and
- Photocopy of the relevant pages of a valid passport or identity card of the branch agent.
Once you’ve submitted the above-mentioned documents, the Ethiopian Investment Commission (EIC) will review them and contact you either to inform you of your project’s approval or to let you know if there are unfulfilled conditions.
The Next Step for Industrial Park Enterprises
After you have fulfilled all the above requirements, if you are applying to invest in an industrial park, you will proceed into signing a Memorandum of Understanding (MoU) with EIC.
An MoU is one of the agreements you will get into at the initial stage of your application as an industrial park enterprise.
An MoU is a non-binding agreement signed between your enterprise and the EIC. And in cases where it involves a 3rd party like a private industrial park developer or a regional government industrial park developer, then it’ll be a tripartite agreement.
The objective of an MoU is to formalize the intent of the parties which in turn will help the EIC facilitate your project.
Moreover, the MoU may be eliminated at any point if one of the parties fails to comply with the intents stated on it, or upon written notice from one party to the other without any legal liability.
Once the concerned parties sign the MoU, the Industrial Parks Development Corporation (IPDC) will get a copy, so that you can start your land/or shed lease agreement negotiations inside the park you’ve applied to.