Explore the Depths of Ethiopian Law

Ethiopian Parliament Approves Bill Allowing Foreigners to Own Immovable Property

The Ethiopian Parliament has approved a landmark bill allowing foreign nationals to own immovable property, marking a significant shift in the country’s land ownership policy. While land remains state-owned, foreigners can now purchase residential homes with a minimum investment of $150,000 USD. This measure aims to attract investment and is restricted to immediate family (spouses and children) to manage population growth, with regional states implementing guidelines for areas outside Addis Ababa.

Ethiopian Parliament Approves Bill Allowing Foreigners to Own Immovable Property Read Post »

Scroll to Top