Can a company be wholly owned by foreigners in Ethiopia?
Yes. Foreigners can register a fully foreign-owned company as long as the investment area is opened for the same. Under Ethiopian investment laws, there are three divisions where a foreigner cannot wholly own a company.
- Areas of investment reserved for joint investment with the Government.
- Areas of investment reserved for domestic investors.
- Areas of investment reserved for joint investment with domestic investors.
Apart from areas of investment that fall into these categories, all investments can be wholly owned by foreigners.