Important Notice
Diaspora
The Department’s activities include: conducting interactive meetings and group discussions with members of the Diaspora aimed at providing information and clarification on issues of concern; encouraging and facilitating Diaspora participation in business and investment activities in Ethiopia; supporting knowledge and technology transfer initiatives, by establishing links with the relevant institutions in Ethiopia; assisting members of the Diaspora to open Foreign Currency Diaspora Accounts in Pounds Sterling (GBP); facilitating the establishment of productive and meaningful synergies between Diaspora Civic, Professional, Community and Development associations and their local counterparts in Ethiopia and; promoting the opportunities and mitigating the challenges associated with the country’s existing Diaspora policies and directives.
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Diaspora Investment Opportunities and Incentives
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Discover moreOpening a Bank Account
You can open a Diaspora Account in 3 easy steps. For further information on the types of accounts available, please visit the Commercial Bank of Ethiopia website.
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1Complete Application Form
Download and complete the application form.
Please do not sign the application form. You will be required to sign the form at the Embassy. -
2Gather Supporting Documents
- Completed application form
- Your passport
- One recent passport-sized photo
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Ethiopian Diaspora Mortgage Loan
The Commercial Bank of Ethiopia has designed a mortgage product for all Ethiopians and Foreign Nationals of Ethiopian Origin living abroad, aged 18 years and above.
The Ethiopian Diaspora Mortgage Loan allows eligible applicants to purchase or construct a residential property by accessing a loan product with the following features:
- Minimum equity contribution of 20% of the cost of purchase or construction in foreign currency
- The Bank will finance the remaining 80% of the cost in local currency at a minimum interest rate of 8.5% per annum
- Loan period will be for a maximum of 20 years
- Loan repayments will be executed in US Dollars (USD), Pounds Sterling (GBP) or Euros.
Further information on the requirements and process can be found below:
Getting a Diaspora Mortgage
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Required Documents for Ethiopian Citizens
- Valid Ethiopian passport
- Residence permit or work permit
- Two recent, passport-sized colour photographs
- Marriage certificate, if applicable
- Employment letter verifying annual gross and net income from employer OR a recently issued tax return
- Bank Statement covering last 12 months issued by a bank in the country where you are resident
- If applicable, power of attorney, a copy of the agent(s) ID and two recent, passport-sized colour photographs
- If applicable, a copy of your employment contract
- Where applicant is self-employed or a business-owner, financial statements for at least three consecutive years, valid trade licence and trade registration certificate and tax payment certificate.
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Required Documents for Foreign Nationals of Ethiopian Origin
- A valid foreign passport
- A valid Ethiopian Diaspora card (yellow card)
- Two recent, passport-sized colour photographs
- Marriage certificate, if applicable
- Employment letter verifying annual gross and net income from employer OR a recently issued tax return
- Bank Statement covering last 12 months issued by a bank in the country where you are resident
- If applicable, power of attorney, a copy of the agent(s) ID and two recent, passport-sized colour photographs
- If applicable, a copy of your employment contract
- Where applicant is self-employed or a business-owner: financial statements for at least three consecutive years; valid trade licence and trade registration certificate; and tax payment certificate.
How to Apply for an Ethiopian Diaspora Mortgage Loan
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2Deposit 20% of Equity Contribution
Following the opening of your Mortgage Savings Account, deposit your equity contribution of 20% of the cost of the intended property purchase in foreign currency.
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3Request Mortgage Loan
Upon fulfilling the equity contribution of 20%, request the remaining 80% equity from the Branch Consumer and Housing Credit Centre.
Additional Resources
Diaspora Agency
The Diaspora Agency is tasked with ensuring the protection of the rights and dignity of Ethiopians in the Diaspora and to facilitate their engagement in the overall development of their country.
Consular Services
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Ethiopian PassportApply for a new or replacement Ethiopian passport.
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Ethiopian Origin ID Cards (Yellow Card)ID cards for foreign nationals of Ethiopian origin.
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Power of AttorneyAppoint a person in Ethiopia to make decisions on your behalf.
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Laissez-passerApply for a travel document to enter Ethiopia.
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LegalisationGet your documents legalised or authenticated by the Embassy.
we appreciate your help.