The ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Business date to date exclude holidays date calculator add subtract. Ease of doing business of ethiopia increased from 43. Procedures time to complete associated costs 1 reserve a unique company name agency. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why. To allow useful comparison, it also provides data for other selected economies comparator economies for each indicator. Time required to complete each procedure calendar days. Using an agent or distributor to conduct business effectively and participate in local tenders, it is advisable for uk companies to appoint local agents to represent their products in ethiopia. Ease of doing business ranks economies from 1 to 189, with first place being the best. At the same time, there will be a highlevel delegation from ethiopia visiting the netherlands. Doing business in india 201516 high commission of india. International trade centre itc, trade facilitation and policy for business section tfpb. Ethiopias population of approximately 84 million makes it one of the largest markets in africa.
Ethiopia is ranked 159 th out of 190 countries on doing business index in 2019. The description is composed by our digital data assistant. Ease of doing business in ethiopia 20082019 data 20202022. This economy profile presents the doing business indicators for ethiopia. For consistency with other reports in the itc series on nontariff measures, international calendar years gregorian calendar are used unless specified differently. Data in doing business 2015 are current as of june 1, 2014. Lex africa is an alliance of leading law firms in over 20 african countries which was founded in 1993 and was the first legal alliance focussing solely on africa. Market overview international trade administration. Details starting a business in ethiopia procedure, time and cost no. Recent improvements in ethiopias physical infrastructure and human capital, coupled with its political stability, should make it an intriguing destination for an. The sample frame consisted of listings of firms from two sources. Nonetheless, knowledge of a few words of amharic will be appreciated by ethiopian business associates. This guide is intended to assist investors interested in doing business in ethiopia.
The ethiopian calendar year begins on 11th september, which. Please refer to the world banks doing business in ethiopia report link for. The ethiopian calendar is a solar calendar and it is the main calendar used in the country. The gtp envisages 11% annual average gdp growth as a base case scenario. Small and medium businesses are springing up everywhere in addis ababa, the capital and financial city of ethiopia and in other regions as well. Instead the government continued to use arbitrary arrests and. There are some unique challenges uk companies may face when doing business in ethiopia.
Regional stratification for the 2015 ethiopia es was done across six geographic regions. The ethiopian government is currently in the process of drafting the next gtp, to cover 2015 2020. In 2019, ease of doing business for ethiopia was 47. Printable calendar pdf calendars especially made for printing. Economies with a high rank 1 to 20 have simpler and more friendly regulations for businesses. Teshome toga, the seminar will also be attended by the special advisor to. Ethiopia aims to reach lowermiddleincome status by 2025.
Interpreter services are available in addis ababa if necessary. Doing business 2017 is the 14th in a series of annual reports. Ethiopia ranks 111th out of 183 countries in the world banks ease of doing business report 2012. Mawlid, or milad, marks the birth of the islamic prophet muhammed, or mohamed, in the year 570 of the gregorian calendar. Join us and these distinguished guests in a conversation on doing business in ethiopia. For more information on ethiopia, check out our country economic reports although dwarfed as a destination for foreign direct investment by its african neighbors south africa, egypt and nigeria, ethiopia has attracted increasing levels of fdi, according to data from the united nations conference on trade and development unctad. Starting a business ethiopia figure starting a business in ethiopia score procedures 41. The ethiopian calendar amharic is the principal calendar used in ethiopia and also serves as the liturgical calendar. The gtp envisages 11% annual average gdp growth as a base case scenario and 14. The rank of ethiopia remained unchanged at 159 in 2019 from 159 in 2018. For calendar year 2011, ethiopias imports from the united states. How to do business in ethiopia doing business in ethiopia.
Prime minister abiy has launched a project that aimed at making the citys riverside greener and cleaner covering an area of 56 km. Ethiopia fiscal guide 20152016 2 business income income tax is charged on all the income of an entity having a permanent establishment in ethiopia. Ease of doing business in ethiopia 20082019 data 2020. Guide to doing business in ethiopia ukti has produced a guide aimed at companies experienced in overseas trade who are new to doing business with ethiopia. The views expressed in this report are those of the authors and do not represent the official position of the. Business etiquette is quite formal in ethiopia with appointments required for business meetings and suits. The 2014 act consolidated the existing 17 companies acts from 1963 to 20, into one act and it. Kenya is ranked 56 among 190 economies in the ease of doing business, according to the latest world bank annual ratings. Ease of doing business index for ethiopia icbuseasexqeth. Learn about doing business in ethiopia in our country commercial guide ccg. The ethiopian calendar has months, 12 months with 30 days each and one month of 5 or 6 days depending on whether the year is a leap year or not. Doing business in africa is associated with diverse challenges and risks and must accordingly be founded on a strong legal base. Ease of doing business in kenya 20082019 data 2020.
Calendars online and print friendly for any year and month. Doing business in addition, offers detailed, which exhaustively cover business regulation and reform in different cities and regions within a nation. Find out the opportunities available, the regulations in place and how to navigate our responsibilities in the business community seamlessly. It does not exhaustively cover the subject, but is intended to serve as a synopsis of some of the important issues of concern for those planning to invest in ethiopia. Phases of the moon are calculated using local time in addis ababa.
It is prepared annually through the combined efforts of several u. Ease of doing business in kenya data, historical chart, and calendar of releases was. The rank of kenya improved to 56 in 2019 from 61 in 2018. Among the changing landscape of doing business in india, we have developed. Ethiopia 5 5 5 5 finland 0 0 0 0 france 0153 0103 0 0 georgia 10 05 0 0. Market challenges return to top the ethiopian government is engaged in a slow process of economic reform and.
Doing business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to mediumsize business when complying with relevant regulations. Addis ababa and dire dawa city administrations, and amhara, oromia, snnpr and tigray regional states. An administrative branch, factory, workshop, mine, quarry or any other place for the exploitation of natural resources, and a building site or place where construction andor assembly works are. The ethiopian calendar consists of months, where the first 12 months each have 30 days and the th month has 5 days in a standard year. These studies provide data on the ease of doing business, rank each location, and recommend reforms to improve performance in each of. The ethiopian investment agency eia can provide more information on setting up a business in ethiopia. Building effective business relationship in ethiopia. It has 12 months of 30 days plus five or six if it is a leap year other days that make a th month.
Doing business in ireland 41 income tax income tax standard 20% income tax higher 40%. The country commercial guide ccg presents an overview of ethiopias commercial environment, using economic, political, and market analysis. An early opportunity, with pros and cons for ethiopia. Articles and tips on rules, regulations, procedures and directives on the various sectors of the industry in ethiopia the financial sector, the mining sector, the construction sector, the manufacturing sector, etc can be found here.
Ethiopias real gross domestic product gdp growth decelerated to 7. A crosscultural perspectivethe need of managing cultural diversity in a business setting in the modern economic climate, rapid pace of globalization, technological advancement, and intense competition drive companies to operate across geographical boarders in a dynamic and diverse environment. A high ranking a low numerical rank means that the regulatory environment is conducive to business operation. The index averages the countrys percentile rankings on 10. The year 2015 is a common year, with 365 days in total. Ethiopia and its key indicators for doing business 33. The aim of the guide is to provide you with basic knowledge about ethiopia.
First, the ease of doing business ranking as well as all topic. Overview of holidays and many observances in ethiopia during the year 2015. Economies are ranked on their ease of doing business. Ethiopias economy experienced strong, broadbased growth averaging 9. Ministry of trade or trade bureau at subcity level the entrepreneur can reserve the unique company name. Ethiopia is ranked 159 among 190 economies in the ease of doing business, according to the latest world bank annual ratings. Doing business 2015 open knowledge repository world bank. This short month is called pagumiene and it comes after august and before september. Hopes that ethiopias government would ease its crackdown on dissent ahead of the may 2015 elections were dashed in 2014. World sexual health day is an annual awareness day that attempts to break down social and cultural taboos associated with sexuality and to promote sexual health around the world. On the 22nd of march, nabc in cooperation with the ethiopian embassy to the benelux, the baltic countries and the eu, nabc will organise a seminar on doing business in ethiopia.