afarinvestmentcommission

Request Type	Criterions	Domestic Investors	Joint Ventures Investors	Foreign Direct Investors	Diaspora Investors
Land Request	Project proposal prepared by certified consultant	✓	✓	✓	✓
	Investment License given by Ethiopia Investment Commission		✓	✓	✓
	Copy of renewed identification card	✓	✓	✓	✓
	Copy of TIN Certificate	✓	✓	✓	✓
	If processed by an agent, photo copy of power of attorney	✓	✓	✓	✓
Additional Requirement	A letter from the bank showing a 6 month cash flow with an ending balance equivalent to 30% of the total initial investment outlay for the envisaged project.

Request type	Domestic Investors	Joint Ventures Investors	Foreign Direct Investors	Diaspora Investors
Criteria	License
A letter written from bank along with bank statement that shows at least 6 months cash flow where it's ending balance is equivalent to 30% of the total investment outlay estimated for the envisaged project.	✓			✓
Copy of TIN Certificate	✓			✓
Copy of renewed identification card	✓			✓
Recent 3 passport size photographs	✓			✓
If the application is processed by an agent, he/she has to submit photo copy of power of attorney;	✓			✓
If the application is processed by an organization/company or shareholder, the applicant has to submit a copy of the article and memorandum of Association authenticated by concerned organization	✓			✓
Service fee 1500.00 Birr	✓			✓
Investment License given by Ethiopia Investment Commission		✓	✓
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Any Investor who obtained an investment permit shall renew this permit annually. Make an Appointment

Unless force majeure encounters, any investor for whom the investment project is determined by the Board shall sign the prepared investment project agreement form with the competent authority within fort five (45) consecutive working days from the date of receipt of the decision letter. Make an Appointment

Renewed Promoter’s (or that of a manager for an organization) identification card

One passport size photo

Project proposal for expansion prepared by certified consultant from Ethiopia management institute.

Bank statement that shows 30% of expansion capital having six month and above cash transaction

Prior investment land decision letter

Power of attorney if the application is processed by an agent.

TIN

Memorandum of Association and Article of Association if request is submitted by an organization.

Investment license (copy)

Trade license (copy)

Prior investment land title deed(copy)

Prior investment or lease agreement (copy)

Investment status report by concerned zonal or town investment and industry Bureau.

Latest 3-month employees’ payroll

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An investor can import capital goods or construction material for new investments or use it to upgrade existing investments duty-free. Apply for online custom duty Free

S/n	Investment Areas	Income Tax Exemption	Special Zone of Oromia surrounding Addis Ababa
1	Manufacturing of Food Industry	Exemption from income tax for three (3) years	Exemption from income tax for five (5) years
2	Manufacture of Sugar and Others	Exemption from income tax for One (1) year to five (5) years	Exemption from income tax for Two (2) years to Six (6) years
3	Manufacture of Beverage Industry	Exemption from income tax for One (1) year to three (3) years	Exemption from income tax for Two (2) years to four (4) years
4	Textile and Textile Products Industry	Exemption from income tax for Two (2) years to five (5) years	Exemption from income tax for Three (3) years to Six (6) years
5	Leather and Leather Products	Exemption from income tax for five (5) years	Exemption from income tax for six (6) years
6	Tanning of hides and skins below finished level	Not eligible for income tax exemption	Not eligible for income tax exemption
7	Wood, Paper and Paper Products and Printing Industry	Exemption from income tax for One (1) year to five (5) years	Exemption from income tax for Two (2) years to Six (6) years
8	Printing Industry	Not eligible for income tax exemption	Not eligible for income tax exemption
9	Chemical and Chemical Products Industry	Exemption from income tax for Two (2) years to five (5) years	Exemption from income tax for Three (3) years to Six (6) years
10	Basic Pharmaceutical products and Pharmaceutical Preparations	Exemption from income tax for four (4) years to five (5) years	Exemption from income tax for five (5) years to Six (6) years
11	Rubber and Plastics Products Industry	Exemption from income tax for One (1) year to four (4) years	Exemption from income tax for Two (2) years to five (5) years
12	Other Non-Metallic Mineral Products Industry	Exemption from income tax for One (1) year to four (4) years	Exemption from income tax for Two (2) years to five (5) years
13	Cutting, shaping and finishing of marble and limestone (excluding quarrying)	Exemption from income tax for one (1) year	Exemption from income tax for two (2) years
14	Manufacture of cement	Not eligible for income tax exemption	Exemption from income tax for four (4) years
15	Manufacture of clay and cement products	Not eligible for income tax exemption	Not eligible for income tax exemption
16	Basic Metals Industry (Excluding Extraction of Minerals)	Exemption from income tax for Three (3) years to five (5) years	Exemption from income tax for four (4) years to Six (6) years
17	Basic Metals Equipment (Excluding Products of Metals Materials)	Exemption from income tax for One (1) year to four (4) years	Exemption from income tax for Two (2) years to four (4) years
18	Computers, Electronics Materials, and Vision Materials Industry	Exemption from income tax for Two (2) years to four (4) years	Exemption from income tax for Three (3) years to five (5) years
19	Electrical Products Industry	Exemption from income tax for Two (2) years to four (4) years	Exemption from income tax for four (4) years to five (5) years
20	Machinery/Equipment Industry	Exemption from income tax for five (5) years	Exemption from income tax for six (6) years
21	Vehicles, Trailers and Semi-Trailers Industry	Exemption from income tax for One (1) year to five (5) years	Exemption from income tax for Two (2) years to Six (6) years
22	Annual Crop Production Agriculture	Exemption from income tax for Two (2) years to three (3) years	Exemption from income tax for Three (3) years to four (4) years
23	Growing of fiber crops	Not eligible for income tax exemption	Exemption from income tax for five (5) years
24	Growing of cereals, leguminous crops and/or oil seeds and rice	Not eligible for income tax exemption	Exemption from income tax for three (3) years
25	Growing of Medium-Term Crops	Exemption from income tax for three (3) years	Exemption from income tax for four (4) years
26	Growing of medium-term spices, aromatic and/or medicinal crops (Hulu, curcuma, black pepper and similar crops)	Not eligible for income tax exemption	Exemption from income tax for four (4) years
27	Perennial Crops Production	Not eligible for income tax exemption	Exemption from income tax for five (5) years to six (6) years
28	Animal Production, Mixed Farming and Forestry	Exemption from income tax for Two (2) years to Eight (8) years	Exemption from income tax for four (4) years to Nine (9) years
29	Farming of wild animals and production of milk, eggs, and similar products	Not eligible for income tax exemption	Exemption from income tax for three (3) years
30	ICT and Electricity	Exemption from income tax for four (4) years	Exemption from income tax for five (5) years
31	Hotel and Tourism	Not eligible for income tax exemption	Not eligible for income tax exemption
32	Construction Contracting and Real Estate Development	Not eligible for income tax exemption	Not eligible for income tax exemption
33	Education and Training	Not eligible for income tax exemption	Not eligible for income tax exemption
34	Health Service	Not eligible for income tax exemption	Not eligible for income tax exemption
35	Architectural, Engineering Works, Publishing, Import Trade, Expert Trade and Wholesale Trade	Not eligible for income tax exemption	Not eligible for income tax exemption
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