Expertise
- Ethiopian and International Law
- Corporate law
- International Tax Law
- Tax Treaty Law
- Transfer Pricing
- Cross-Border taxation
- EU Tax Law
- Taxation of Private Investment
- Financial Market Operations
- Foreign languages: English and Amharic
Background
- Member of the Africa Team
- Joined the firm in 2018
Qualifications
- Master’s in Comparative Income Taxation, Tax Treaty Law, Transfer Pricing and EU Tax law from Uppsala University
- Ethiopian and International law degree from Adama University
- Diploma in Financial Market Operation from Henley Business School, University of Reading (ongoing)
Knowledge Sharing
New law sets requirements for special economic zones - 6 September 2024
To further implement the industrial park scheme, a new law setting requirements for the designation of special economic zones and the related rules to carry on business in those zones (“SEZ”/ “SEZs”) was enacted in May to boost the economy and foreign investments. Two types of SEZs and
Read moreNew directive to regulate foreign investors’ participation in restricted export, import, wholesale and retail trade investments - 19 April 2024
In March, the Ethiopian Investment Board issued Directive 1001/2024, which eases restrictions on foreign investors’ participation in the export, import, wholesale and retail trade sectors. Foreign investors that wish to obtain a permit in these sectors must fulfil minimum capital requirements
Read moreEnhanced regulation on transfer pricing - 5 March 2024
At the beginning of the year, Implementing Directive 981/2024 containing transfer pricing rules came into force. It will hopefully remedy the legal and practical gap in the enforcement of transfer pricing rules in Ethiopia. The directive reiterates all the provisions of the previous directiv
Read moreDraft VAT proclamation on its way to Parliament - 13 April 2023
Ethiopia’s legislative landscape is evolving by the day, especially when it comes to doing business. And the draft VAT proclamation looks set to be one of the biggest steps taken since VAT was introduced back in 2002. So what are the proposed key changes to the VAT rules? Our
Read moreDirective 935/2022 for Commercial Registration, Licensing and Post-licensing Inspection - 1 February 2023
The Ethiopian Commercial Code was recently supplemented by Directive 935/2022 to implement changes regarding commercial registration, business licensing and post-licensing inspection. Some of the major points addressed include registration of a one-person PLC, transition from a sole propriet
Read moreThe latest developments in the Ethiopian banking industry - 16 September 2022
The latest Council of Ministers meeting earlier this month approved the long-awaited policy that allows foreign investors to invest in the Ethiopian banking industry. Given that foreign banks stopped operating in Ethiopia when the Derg took power, the opening-up of the banking industry is ex
Read moreThe new Ethiopian Arbitration and Conciliation Working Procedure under Proclamation No. 1237/2021 - 17 September 2021
Up until publication of the Proclamation to Provide For Arbitration and Conciliation Working Procedure, alternative dispute resolution (ADR) – more specifically, arbitration – in Ethiopia lacked a detailed procedure and implementation mechanism. The newly introduced proclamation addresses/a
Read moreEthiopia to introduce capital market which opens the door for foreign as well as domestic investors to register an investment bank - 19 May 2021
There has been a whisper in the past few years of the possibility for capital/stock markets to join the Ethiopian financial market. Now, thanks to a draft bill on capital markets that is pending approval, investors (local and foreign) could have the chance to join this sector. Which are the
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