Following a thorough review of the Directive by our team, we present the following key legal takeaways for foreign nationals and investors looking to secure residential property in Ethiopia.
The Directive establishes a clear, regulated pathway requiring a permit from the Ministry of Urban and Infrastructure, location-based minimum capital deposits ranging from $100,000 to $150,000 USD, and a controlled banking system where funds are held in a blocked account until the Ministry authorizes their release.
For more on the directive please refer our legal update Here>>>MAP_Legal Update_on_Foreign Nationals to own Resedential Property
Million Alemu & Partners Legal Services LLP remains committed to tracking subsequent developments and will keep its clients and the legal community duly informed.
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Disclaimer: This post is for informational purposes only and does not constitute legal advice, solicitation, advertisement, or the creation of an attorney-client relationship.
