Ethiopia to Permit Foreign Nationals to Acquire Immovable Property
Summary by LEX Africa
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1 Articles
Ethiopia to Permit Foreign Nationals to Acquire Immovable Property
In a significant policy and legislative milestone, the Council of Ministers of the Federal Democratic Republic of Ethiopia has approved a draft Proclamation that introduces a structured legal framework permitting foreign nationals and entities to acquire immovable property under specified conditions. This landmark reform marks a pivotal shift in Ethiopia’s property ownership regime and aligns with the country’s broader economic strategy to attra…
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