Is there a minimum amount of shares somebody can have?
Selam
Project Adviser
Dear Mr Becx,
There is no legal minimum of shareholding. So legally it is possible that one shareholder holds 99.9% of the shares and another shareholder own the remaining.
Best!
How many shareholders do you need to start a company in Ethiopia?
Selam
Project Adviser
Dear Mr Becx,
Ethiopian company law requires minimum of two shareholders to establish a company. So one man company is not allowed in Ethiopia. However, if one of the shareholders is incorporated as one man company and wants to establish a company in Ethiopia with another shareholder, the foreign one man company is accepted as such under Ethiopian law.
Is it possible to change a part of your annual profit from Birr´s to euro´s or dollars?
Selam
Project Adviser
Dear Mr Becx, the Ethiopian investment law and policy provides repatriation of profits in foreign currency as one of the incentives available for foreign investors. Therefore, yes, it is possible to convert and send back profits in foreign currency.
How much US Dollars do I need to start a business in Ethiopia?
Selam
Project Adviser
A foreign investor investing alone is required to bring minimum of 200,000 USD for a single investment project and the amount is 150,000 USD if it is joint investment with a domestic investor. For some sectors like architecture or engineering and related services, the amount is 100,000 USD for a foreign investor investing alone and 50,000 USD for joint investment.