PRID — Permanent Residence Permit (Investment)

The Permanent Residence Permit for investment is designed for foreign nationals who are actively contributing to the Ethiopian economy through significant capital investment. This permit is intended for sole proprietors who have obtained an investment permit from the Ethiopian Investment Commission (EIC) or for foreign shareholders in companies operating within the country. It serves as a long-term legal status that allows the holder to live and work in Ethiopia, facilitating deeper integration into the local business environment.

This status is particularly beneficial for high-impact investors, as it may bypass the standard three-year residency requirement typically imposed on other long-term residents. By providing a stable legal framework, the government aims to encourage foreign direct investment and provide security for those committed to the nation's economic development. Holders of this permit enjoy the freedom to enter and exit the country and reside anywhere within Ethiopia for the duration of their permit's validity.