Question: Can foreigners open a business in Namibia?

Can foreigners open a business in Namibia? The most common structure for a Namibian investor permit applicant is a Namibian company. It therefore follows that a foreign shareholder can own 100% of the shares in a Namibian company. The company may appoint Directors and shareholders need not be natural persons.

Can a foreigner register a business in Namibia?

If you are a foreigner and you want to register for a business, you have to submit your application forms or reservation forms. once your reservation name is approved, you can now apply for a certificate of incorporation and a certificate of commerce business.

Can I start a business in Namibia?

The steps involved in registering a company (Private Limited Liability Company) in Namibia are: … Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. Deposit the initial capital in a bank account. Apply for a town planning certificate.

What do you need to start a business in Namibia?

Setting up Business in Namibia

  1. registering a company or a branch;
  2. tax registration in Namibia;
  3. employee taxes;
  4. foreign exchange considerations;
  5. industry specific requirements;
  6. group structure tax and regulatory considerations.
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How do I get a business license in Namibia?

To register a company in Namibia, you need to visit the ministry of finance to register for your VAT and the company tax, the ministry of home affair for your work permit, the ministry of labour and the social security commission. You can also go to any of these ministries to register for your company.

Do I need a business visa for Namibia?

South African business travellers to Namibia are required to apply for a visa at the Namibian High Commission in Pretoria as part of the country’s new visa regulations. The cost of the visa is R80 for the handling fees and R390 for the visa itself.

How do I get a work permit in Namibia?

Requirements to Obtain Namibia Work Visas

  1. A signed and completed application form.
  2. A passport that’s valid for at least three months beyond the projected expiration of the work permit.
  3. Two passport photographs.
  4. A letter from the employing company in Namibia.

How much does it cost to register a business in Namibia?

Fees

Different Namibia entity types Cost Draft invoice
Branch of a foreign company US$13,100 View invoice PDF
Fast nominee LLC US$23,850 View invoice PDF
Trust company US$12,950 View invoice PDF
Free zone company US$11,750 View invoice PDF

Is it safe to do business in Namibia?

This includes full protection of investment, no requirement for local partners, and a 100 per cent repatriation of profits. Moreover, English is the key language of business which facilitates networking opportunities with the business community. Namibia also ranks third in Africa in terms of safety and rule of law.

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What should I invest in Namibia?

Potential Areas for Business and Investment in Namibia

  • Extensive mineral deposits.
  • Diamonds, uranium, gold, copper, lead, zinc and other base metals.
  • Semi-precious stones and many types of dimension stones.
  • Value-addition encouraged.
  • Manufacturing (jewellery)

Can I retire in Namibia?

The legal retirement age in Namibia is 60 years. Early retirement on reaching the age of 55 is also possible on the approval of the prime minister.

How long does it take to register a CC in Namibia?

How long does it take to register a CC? A Name Reservation takes between 1-3 days. A Founding Statement can be registered within 3-5 days afterward depending on whether you have submitted your documents on time, and the workload of the registrar’s office.

How do I start a foundation in Namibia?

Steps to easily start an NGO in Namibia:

  1. Step 1: Decide the cause and mission of your NGO.
  2. Step 2: Set up the board of directors/members.
  3. Step 3: Decide the name of your NGO.
  4. Step 4: Memorandum Articles of incorporation/ Articles of Association.
  5. Step 5: Get your NGO registered.
  6. Step 6: Start collecting funds.

Can a CC trade as?

So anyone or any company or CC can call themselves “ABC (Pty) Ltd trading as XYZ” and that’s the way it’s usually done, the registered name very small and the trade name very prominent.

Where do I register my business name in Namibia?

A business name can be reserved with the Business and Intellectual Property Authority of Namibia, BIPA, which is an agency under the Ministry of Industrialisation, Trade and SME Development (MITSMED). This process can be done at any BIPA office or on-line at ww.bipa.na.

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