Ethiopia
Corporate Guide

Are there any annual compliance requirements that a company must meet in Ethiopia?

There are no annual compliance requirements for work permits. However, a work permit must be renewed before it expires. 

If a foreigner enters with a business visa and intends to stay for more than 90 days, they should apply for a residence permit in addition to the work permit. A residence permit is renewed annually along with the work permit. Apart from that, the business licence of the company shall be renewed annually. Furthermore, there are tax compliance requirements that need to be fulfilled, like registering for VAT if annual sales exceed or are expected to exceed ETB 1 million in a year, declaring tax periodically, installing a sales register machine, preparing manual cash sales receipts, preparing withholding tax receipts, etc.