Ethiopian Embassy Washington Dc Power Of Attorney: Fill & Download for Free

First of all, you’re absolutely right that there is too much bureaucracy in Ethiopia. Although it’s far from the most difficult place to do business on the continent, it has unique challenges that have had a tendency to scare off investors.First, let’s start with the positives. Ethiopia has one of the fastest growing economies in the world, has a government that is dedicated to acquiring FDI in critical infrastructure related sectors, it’s a stable and secure country, is not hostile to foreigners, and is home to arguably the best airline in sub-Saharan Africa. Wages are far below most competitors (something like 1/6th the average Chinese worker’s wage for unskilled textile labor) and electricity costs are the cheapest in the world per-kilowatt hour thanks to immense renewable energy resources and a powerful government subsidy. Ethiopia, despite being an “old country” with a lot of history (i.e. Abyssinia) is very much a “new country” in that has only enjoyed the existence of a private sector and (quasi)-democratic form of government since 1991, when Mengistu was overthrown. Prior to that the nation was gripped by the terroristic reign of the Derg dating to 1975.Can you imagine the practical implications of that, for an entrepreneur? Imagine what would happen if a country simply stopped having a private sector and economic growth stalled for 15 years. Think of how far behind they would fall. [1] That kind of economic head-start is unthinkably huge. It creates a huge amount of space and immense investment opportunities for entrepreneurs willing to take the risk of investing in an emerging market.But, now let’s deal with the reality of working in Ethiopia. It is a bureaucratic government, whose current policy involves keeping a steering hand on what kinds of foreign investment comes into the country. Simply put, the EPRDF (the ruling party, itself a coalition of regional parties; as the other political parties have zero power, it essentially *is* the government — I’ll use the terms interchangeably here) knows what it wants. For better or for worse, they have a pretty unshakable vision for the country’s economic growth. If your investment project conforms with what the government wants, then you’ll have a surprisingly easy time (relatively speaking). If your project is not something they care about, you’ll have a higher risk profile due to the additional administrative burdens and lack of incentives. If it’s actively something the government doesn’t want, your project isn’t getting off the ground. It’s really as simple as that.So, how do you find out what the government wants? Fortunately, they’ve prepared a helpful list for you. The government releases every five years a Growth and Transformation Plan[2] , which basically directs the nation’s economy for the next five-year period. It does this by specifying a list of metrics and targets that it wants to hit. Investors can look at the plan and see what areas the government is focusing on — not just the obvious ones like construction, infrastructure, light industry and agribusiness, but which specific subsectors, and social metrics as well. A smart investor would then reach out to the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA)[3] to work with their business development specialists (some of whom have gone on to work as commercial staff at the U.S. embassy, incidentally) and figure out what’s best for them. You will also want to check early on with the ECRA (customs and revenue authority)[4] to find out the tariff, duties, and taxes on your products. As well, you should involve the Ministry of Foreign Affairs[5] early on, as they have an investment office that can liaise with the other ministries; you’ll also want to meet with the Ministry of Trade and Ministry of Industry (if applicable) or other relevant industry (i.e. agriculture, tourism, etc.)A mistake I saw too many foreign investors make is that they either wouldn’t have local staff involved from the beginning, to help navigate the bureaucracy. Having Ethiopian legal counsel is important. Only Ethiopian citizens can represent you in court as attorneys, though diaspora members can provide “legal consulting” on transactional matters. Some joint ventures and some permits may require an Ethiopian national to be the applicant, and some thought needs to be put into how to structure your company’s relationship with it’s locally registered affiliate (whether that’s a PLC, share company, etc.), and how you organize the local entity. Doing this from the beginning, as soon as you have an idea generally what sector you want to invest in, will save you a world of hurt later when navigating through the bureaucracy for permits and such.Now, if you do all of this, and you have enough money, patience, and willpower behind your investment, you can succeed. You might not — this is an emerging market and there is always risk in this type of investment. But investors who don’t do these things inevitably get stymied by the bureaucracy; I’ve seen it happen dozens of times. Ethiopia does have bureaucracy problems that need to be addressed. But investors need to do their fair share as well.Footnotes[1] The 13-Year Divide: India's Economy Looks Much Like China's in 2001[2] https://www.africaintelligence.com/c/dc/LOI/1415/GTP-II.pdf[3] Ethiopian Chamber of Commerce and Sectorial Associations[4] Ethiopian Revenues and Customs Authority[5] Welcome - MFA

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I would fly to Ethiopia and go hire an attorney, Ethiopia is an emerging country and the personal connection of your conusel and their experience is invaluable navigating the legal landscape of a country that doesn’t always respect the rule of law. (Many times people pay bribes to get things done).