…..will become the world’s highest financial entry thresholds for investment-backed residence
Ethiopia is preparing to roll out a 10-year residency program for foreign investors, making it one of the world’s highest financial entry thresholds for investment-backed residence.
According to the Immigration and Citizenship Service (ICS), applicants must commit a minimum of $10 million in direct investment to qualify for the decade-long permit.
Alternatively, foreign investors can secure residency through a $5 million threshold, provided the capital injection is paired with substantial local job creation.
Read also: UK considers £5 million investor visa program with path to citizenship
The card-based residence permit will carry a baseline administrative processing fee of $10,000, rising to $12,500 for express handling, alongside an optional premium delivery service.
Outlining the strategic intent of the initiative, Gosa Demissie, deputy director-general of the ICS, noted that the standardized electronic permit aims to provide high-impact investors with uninterrupted
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