Ethiopia Introduces $10 Million Golden Visa Program to Attract Foreign Investment BODY: CAIRO, Egypt – In a strategic move to bolster its economy and attract high-value foreign investment, Ethiopia has announced the introduction of a Golden Visa program with a substantial financial entry threshold.
The program, set to commence during the 2026/27 fiscal year, will issue 10-year Golden Visas to investors willing to commit at least $10 million, or $5 million with the creation of a significant number of local jobs. This initiative is part of a comprehensive overhaul of Ethiopia’s immigration fee structure and aims to secure long-term foreign capital with uninterrupted residency status.
The Ethiopian Immigration and Citizenship Service (ICS) is working closely with the Ministry of Justice to finalize the rules, establish the technical system, and prepare personalized cards for qualifying investors. Ethiopia’s Golden Visa program is modeled after similar initiatives in countries such as Singapore and Saudi Arabia, which have been successful in attracting high-value foreign investment.
The program is designed to cater to investors capable of financing large projects and links the alternative $5 million route to local job creation.
The Ethiopian government is hopeful that the program will not only attract high — value investments but also stimulate job creation and economic growth.
The program’s processing fee stands at $10,000 for a standard application, with express handling available for an additional $2,500. Applicants may also opt for a premium home-delivery service. Ethiopia’s proposed requirement of $10 million for a 10-year investor residence permit is the highest publicly reported entry point for such a program in Africa.
This threshold is significantly higher than those in countries like Mozambique, Namibia, and Seychelles, which offer lower investment requirements for similar residence permits.
As Ethiopia seeks to diversify its economy and create new opportunities for its citizens, the Golden Visa program is expected to be a significant step forward in the country’s efforts to attract foreign investment and stimulate economic growth.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Olamilekan Okebiorun
