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Ethiopia is a forward-looking country. However, in the event that the business associate is a Muslimwoman who wears a hijab, foreign male visitors should not attempt to shake hands with her unless sheextends her hand first.Six Sectors of Investment Opportunities in EthiopiaGiven all the ongoing projects, the government of Ethiopia has identified six major sectors of investmentopportunities. These are:•Transport InfrastructureMany national and regional projects are currently being undertaken to improve the transportationsystem for land, air or sea travel.•Industrial SectorOne main focus of the country now is to increase production in sugar, textiles, leather products andcement. The industrial sector is expected to be a major contributor to the economic output of thecountry by the year 2025.•AgricultureDespite being the largest contributor to the economic output of Ethiopia, the agricultural sector stilllooks for methods to present opportunities for better farming technology. In fact, 8 million acres are nowbeing offered to commercial farming investors.31 | P a g e
•EnergyThe country’s aim to be the regional exporter of energy is very evident with all the wind, solar,hydropower and geothermal projects under way.•MiningDue to its rich resources of minerals including gold and tantalum deposits, there’s no doubt that Ethiopiawill double its exports in the years to come.•ICTThe innovation of 4G and 3G will increase the demand for advanced technologies such as telemedicine,video conferencing, and distance learning. With all these developments that Ethiopia prospers andprojects that are still ongoing, it’s certain that his country will emerge as one with immense businessopportunities. However, if you plan to venture.32 | P a g e
Cost high income mixed economy .labor cost in hungary to stand at 139.53 in 12 months time .corporate tax rate in hungary averaged 21.45 percent from 1989 until 2020 reaching an all time high of 50 percent and corporate income tax is low 9% in 2017 .double taxation releif Benefit lower logistic costs a favourable tax system government incentives high quality infrustracture and central location make it an attractive destination for investment .well trained workforcehungary welcomes foreign direct investments and has a competitive policy for foreign investment . Risk exposed to european economic trends as a small and open economy .deficiencies in vocatinal education .poor level of innovation and R&D ,high content in imported inputs for exports .high debt level of companies .the uncertain business climate and implementation of unorthodox policy measures deter domestic and foreign investors and weigh on potencial growth .COST BENEFIT AND RISK ANALYSISHungary33 | P a g e
Cost net taxable income for residents is taxed at graduated rates .the current rates range from 5% up to a maximum of 30% for income earned over 500 million indonesian rupiah .