How can I start a PLC in Ethiopia?

How do I start a PLC business?

Starting a public limited company

  1. have at least two shareholders.
  2. have issued shares to the public to a value of at least £50,000 or the prescribed equivalent in euros before it can trade.
  3. be registered with Companies House.
  4. have at least two directors – at least one must be an individual. …
  5. have a qualified company secretary.

How do I register a company 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).

What kind of business is profitable in Ethiopia?

The Ethiopian economy today provides excellent opportunities in the manufacturing industry, especially in the clothing and textile sector. Other top rising manufacturing sectors to invest in include food and beverages, leather, metallurgy, electronics and so on.

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What are the types of business organization in Ethiopia?

Ethiopia recognizes six forms of business organizations: ordinary partnerships, joint ventures, general partnerships, limited partnerships, share companies, and private limited companies.

What documents are needed to set up a PLC?

What documents will I receive when setting up my limited Company?

  • Certificate of incorporation. As soon as your company is successfully registered, Companies House will give out a certificate of incorporation. …
  • Memorandum of association. …
  • Articles of association. …
  • Obtain every document of incorporation without delay.

What are the disadvantages of being a plc?

Disadvantages of being a PLC include:

  • it is expensive to set up, requiring a minimum set up cost of £50,000.
  • there are more complex accounting and reporting requirements.
  • there is a greater risk of a hostile takeover by a rival company as the company cannot control who buys its shares.

What should 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.

How can I make money in Ethiopia?

There are many ways to make money online in Ethiopia.

  1. Build and monetize your blog.
  2. Start a YouTube channel.
  3. Start working on freelance sites – translator, website designer, graphic designer.
  4. Make money using your social media – Advertizing, Affiliate marketing, selling channel.
  5. Betting sites.
  6. Resell Webhosting.


What is the best business 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. …
  • Brick Making. …
  • Cleaning Services. …
  • Consultancy Services. …
  • Advertising Agency. …
  • Vending Machines. …
  • Real Estate. …
  • Bakery/Pastry Shop.
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How much do I need to start a business in Ethiopia?

The minimum capital requirement to establish a Private limited company is ETB 15,000. The Liability of a Private Limited Company is limited to the company’s assets. The cost of incorporation for private limited company is not less than SOUSD.

What is the problem in Ethiopia 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 the best work in Ethiopia?

  1. Surgeons / Doctors. Salary Range: from 16,200 ETB to 51,600 ETB. …
  2. Judges. Salary Range: from 13,600 ETB to 43,400 ETB. …
  3. Lawyers. Salary Range: from 11,000 ETB to 35,100 ETB. …
  4. Bank Managers. Salary Range: from 10,400 ETB to 33,000 ETB. …
  5. Chief Executive Officers. …
  6. Chief Financial Officers. …
  7. Orthodontists. …
  8. College Professors.

What are the 5 types of business organizations?

There are various forms of organizational structures from a business perspective, including sole proprietorships, cooperatives, partnerships, limited liability companies, and corporations.

What is the business organization?

Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. Business organization.

What is the definition of proprietorship as per the Ethiopian law?

Sole proprietorship is business in which only one individual owns all the assets, and operates in his/her personal capacity. The sole proprietor is liable personally for all debts of the business operation.

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Across the Sahara