Although there are many kinds of businesses in Ethiopia, the following are the most common types of businesses, a PLC being the most dominant.
Sole Proprietor: a business which is owned by one person.
- It's advantageous because it is easy to start and easy to close.
- The annual income tax for this kind of business ranges from 10% - 35% depending on the taxable revenue.
Private Limited Company (PLC): The most common type of business which can be formed by a... Read More