Ethiopia
Corporate Guide

Is there a requirement to have a local director in Ethiopia?

There is no requirement to have a local director. Ethiopian law requires any company to appoint a director / general manager upon registration. A general manager in principle has a responsibility to oversee the day-to-day activities of the company and any other duty given by the shareholders. The general manager can be a local or a foreigner. Only share companies are required to have directors (a minimum of three to a maximum of 12). Directors should be shareholders and a maximum of one third of the directors can be non-shareholder / independent directors.