Embassy Staff Ethiopia-
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No.3 Xiu Shui Nan Jie
Jan Guo Men Wai
Beijing 100600
P. R. China
Tel: 0086-10-65325258
Fax:0086-10-65325591 E-mail:
[email protected]
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Opening
of a Branch Office of an Overseas Company
An overseas company wishing to invest through
a branch office is required to submit the following documents to the Ethiopian
Investment Authority.
- a certified and notarized copy of the statutes or memorandum of association
of the company;
- a resolution passed by the owners of the mother company authorizing
the establishment of a branch office in Ethiopia. (The authorized capital
of the branch, the activity to be undertaken, and the branch manager vested
with the authority to become the legal representative in Ethiopia should
be indicated in the resolution);
- a certified and notarized 3 (three) specimen signature of the legal
representative.
The Ethiopian Investment Authority shall, upon receipt of the above documents,
authorize the publication through a Gazette of extracts from the statutes
of the company announcing the incorporation of the branch in Ethiopia.
Once the publication is made, the Authority will subsequently issue a
certificate of incorporation
evidencing the registration of a branch of an overseas company. Foreign
companies wishing to open liaison office must submit their application
to the Ministry of Trade and Industry.
Access to land
In Ethiopia, land is public property. Both rural and urban lands are made
available to investors on a lease-hold basis. Leaseholders have the right
of use over urban land for periods ranging from 50 to 99 years. Lease
right over land can be transferred together with on built facilities.
Each Regional Government delivers, based on the Federal law and its own
laws, the required land to an investor within 60 days after receiving
an application for allocation of land for an approved investment.
The Ethiopian Investment Authority, in cooperation with concerned Regional
Government entities, facilities and follows up the allocation of land
for approved foreign investment.
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