Investment Incentives

Markos Invest in Oromia Aug 17, 2021

Attractive Investment Incentives

Customs Import Duty incentives - 100% exemption on all imports of investment capital goods and construction materials necessary for the establishment of new enterprises or for the expansion and upgrading of existing ones; including spare parts worth up to 15% of the imported investment capital goods; plus exemption for import of raw materials needed for the production of export goods.
Export Customs Duty - products & services developed in Oromia are exempt from export tax.
Income tax 'holiday' - an income tax holiday of between 2 and 7 years (variable depending on area of investment, location and volume of export) is available to income derived from new manufacturing and agro-industrial investment, or agricultural investment and information and communication technology (ICT) development.
Income tax 'holiday' - Loss carry forward - businesses that have suffered losses during this 'holiday' can carry them forward for half the exemption period, once that exemption has expired.

Export sector incentives and benefits
- Export Credit Guarantee Scheme.
- Duty Drawback Scheme.
- Foreign Exchange Retention Scheme.
- Foreign Credit and Loan Schemes.
- Franco Valuta Import Facility.
- Bonded Manufacturing Warehouse Scheme.
- Availability of Loans for Investors - agriculture, agro-processing and manufacturing industries, preferably export focused, can obtain 70% of their investment capital requirement from the development bank of Ethiopia with a very reasonable interest rate.
- The registration of businesses and the issuance of the export trade licence is highly simplified

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