Ethiopia is taking a new step in its economic attractiveness strategy by introducing a long-term residence permit called the "Golden Visa,” aimed at attracting foreign investors.
Valid for ten years, this scheme is designed to provide a stable and simplified framework for investors looking to establish themselves in the country. According to Gosa Demissie, an official at the Immigration and Citizenship Service (ICS), this initiative is part of a broader set of reforms aimed at modernizing the administration and aligning it with international standards.
With this "Golden Visa,” authorities intend to streamline administrative procedures and ensure greater freedom of movement for investors, while enhancing the country’s appeal in the face of global competition.
Inspired by similar programs already implemented in several countries, this permit comes in the form of a standardized electronic document, offering greater flexibility for beneficiaries to live and develop their activities in Ethiopia.
At the same time, a five-year visa will be offered to real estate investors, further expanding opportunities for foreigners seeking long-term engagement in the local economy.
Beneficiaries will also enjoy fast-track procedures at border points, particularly at Bole International Airport, to facilitate travel and improve the overall investment experience.
Through this reform, Ethiopia reaffirms its ambition to position itself as a key destination for investment in Africa.