Which business is profitable in Ethiopia?

As a matter of fact, there is a big number of successful business owners in Ethiopia are in the manufacturing industry. The main industries in the country are food processing, beverages, textiles, leather, garments, chemicals, and construction materials.

What is the best 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.

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).

Which investment is best 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.
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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 is the best business for beginners?

Top 20 Business Ideas for Beginners

  • Home Cleaning. Home cleaning is considered as one of the easy business ideas for the beginner. …
  • Blogging. Blogging is part time easy to implement low investment business idea for the beginner. …
  • Photography. …
  • Tuition Class. …
  • Freelancer. …
  • Child Care services. …
  • Errand Services. …
  • Hobby Class.

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 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.

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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Is it good to invest in Ethiopia?

In Conclusion

Ethiopia presents a lucrative and profitable market for investors across the world. The country is one of the few in the world to have enjoyed a long period of economic growth before the outbreak of COVID-19 early in 2020.

Can you invest in Ethiopia?

Eighteen major agro-ecological zones have been identified in the country, and over 3 million ha land has been made available for investment. Ethiopia offers one of the largest and most diverse agricultural investment opportunities in the continent.

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 are the problems in Ethiopian small business?

Some of the challenges and problems include high level of unemployment, high poverty incidence, lack managerial skills and low industrialization capacity, lack of finance, inconsistent government policies and inadequate infrastructure and insecurity of the business climate among others.

What is small business in Ethiopia context?

ethiopian-birr. Page 17. 8. Small enterprises: are businesses with a total investment between Birr, 20,000 up to Birr, 500,000 and do not include these enterprises with advanced technology and high technical consultancy.

What are the good business ideas?

13 low-investment business ideas that make money

  • Start a dropshipping business.
  • Design and sell print-on-demand t-shirts.
  • Launch your own book.
  • Create digital products or online courses.
  • Sell print-on-demand posters, greeting cards, and prints.
  • Start a charitable business.
  • Sell a service.
  • Create an online fashion boutique.
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