What kind of business is good to start in Ethiopia?

What is the most profitable business in Ethiopia?

Here is a compilation of business ideas that are high in demand, competitive and profitable in Ethiopia from small to big businesses.

  • Recreational centers. …
  • HCB factory. …
  • Production of Salt and Soap. …
  • Computer maintenance. …
  • Music industry. …
  • Driving Schools. …
  • Building management. …
  • Real Estate.

What kind of business should I start in Ethiopia?

25 Business Ideas & Opportunities in Ethiopia

  • Rice Farming. …
  • Start a Small Manufacturing Business in Ethiopia. …
  • Start a Food Processing Business in Ethiopia. …
  • Open a Poultry Farm. …
  • Start a Bakery. …
  • Fast Food Joint. …
  • Advertising Agency. …
  • Computer and Smartphone Repair.

How do I start a business in Ethiopia?

Register and obtain the commercial registration certificate from the Ministry of Trade and Industry. Make a company seal. Register the company and employees with the Private Organization Employees’ Pension Fund. Register with the Ethiopian Revenue Authority for Value Added Tax (VAT).

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How much does it cost to start a business in Ethiopia?

Incorporation costs in Year 1 amount to US$8,700 and annual company costs in Year 2 and thereafter amount to US$2,500.

Fees.

Different Ethiopia entity types Cost Draft invoice
PLC US$18,800 View invoice PDF
Branch office US$17,000 View invoice PDF
Representative office US$16,800 View invoice PDF

What are the most successful small businesses?

Most profitable small businesses

  • Personal wellness. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Marketing copywriter. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

What is the best investment in Ethiopia?

Construction and Real Estate is becoming the best sector for investment in Ethiopia.

What is the best small business to start in Ethiopia?

20 Best Small and Big Business Opportunities in Ethiopia for 2021

  • Building Management. Building Management is a business that is also sometimes called facility management. …
  • Child Care Service/School. …
  • Brick Making. …
  • Solar Panel Sales and Service. …
  • Cleaning Services. …
  • Consultancy Services. …
  • Advertising Agency. …
  • Mobile Phone Repair.

Is Ethiopia a good place to invest?

Ethiopia is expected to become an industrial-based economy. Ethiopia has maintained strong investor interest as one of the top investor destinations in Africa, becoming the second largest FDI recipient in Africa. The recent launch of the African Continental Free Trade Area (AfCFTA) is expected to fuel investments.

What is the average salary in Ethiopia?

A person working in Ethiopia typically earns around 8,900 ETB per month. Salaries range from 2,250 ETB (lowest average) to 39,700 ETB (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

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Is Ethiopia a good place to start a business?

Ethiopia is ranked 159th out of 190 countries on doing business index in 2019. Small and Medium businesses are springing up everywhere in Addis Ababa, the capital and financial city of Ethiopia and in other regions as well.

How can I make money in Ethiopia?

10 of the Best Ways to Make Money Online in Ethiopia 2021

  1. Make Money at Home by Starting an Online Shop in Ethiopia. …
  2. Earn Money Online from Making YouTube Videos. …
  3. Make Money Online by Writing and Publishing Books. …
  4. Make Money in Ethiopia by Blogging. …
  5. Make Money Online from PTC Sites. …
  6. Work as a Freelancer from Home in Ethiopia.

What business is profitable in Ethiopia?

Also, commercial processing of produce and raw materials gotten from agriculture provides an opportunity for business in Ethiopia.

  • Manufacturing Industry. …
  • Real Estate. …
  • Vending machines. …
  • Event management and Party planning. …
  • Consultancy. …
  • Coaching. …
  • Garbage Collection. …
  • Janitorial Services.

Where can I invest in Ethiopia?

Six Sectors of Investment Opportunities in Ethiopia

  • Transport Infrastructure. Many national and regional projects are currently being undertaken to improve the transportation system for land, air or sea travel.
  • Industrial Sector. …
  • Agriculture. …
  • Energy. …
  • Mining. …
  • ICT.

Can a foreigner start a business in Ethiopia?

All foreign companies intending to invest in Ethiopia are required by law to get registered in accordance with the commercial code of Ethiopia. The Ethiopian Investment Commission, representing the Ethiopian Ministry of Trade and Industry, carries out such company registration.

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