Ethiopia
Corporate Guide

Is there a requirement to have a fully paid up share capital at the point of incorporation in Ethiopia?

There is no need for fully paid-up capital for share companies, but at least one quarter of the fully subscribed capital has to be paid up. Unless a shorter period is provided in the memorandum of association or by-laws of the company, the subscribed capital shall be paid within a period of five years from the date of registration of the company if it is a cash contribution. Where a contribution is made in kind, formalities like transfer of ownership or obtaining a title deed must be completed within six months from the date of registration of the company. 

On the other hand, this requirement is mandatory for private limited companies and one-member private limited companies. In these instances, subscriptions must be fully paid up.