Company Registration in Namibia

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Company Registration in Namibia - Register a company in Namibia

Company Registration in Namibia | Register a Company in Namibia

Doing Business in Namibia at a Glance

Namibia is home to the Worlds Tallest Dune, fascinating landscapes and the bizarre mix of desert and ocean. Namibia is the Second Leas populated Country in the world and it is the perfect place to switch off, Just enjoy the open road, take in the landscapes and reconnect with nature.

Namibia’s Main Exports Include Minerals, Fish and Fish Products, Live Animals, Meat and Meat Products and the Main Export Destinations include; Botswana, South Africa, Switzerland, Spain, Angola, Zambia, China, France, Democratic Republic of Congo.

Namibia Majorly Imports Food products; petroleum products and fuel, machinery and equipment and chemicals from South Africa, China, Switzerland, Botswana, Bahamas, Zambia, India, Democratic Republic of Congo, Germany, Peru

Once you Complete Company registration in Namibia, you will get Market access to the 15 member states of the South African Development Community with a population of about 280 Million people.

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Investment opportunities in Namibia | Why Invest in Namibia? | Why Company Registration in Namibia |  Why register a company in Namibia

 

Investment opportunities include;

  • Infrastructure and Logistics
  • Services Land and Housing
  • Manufacturing and Market Access
  • Agriculture
  • Tourism
    The Tax Regime in Namibia is Quite Straight forward with the Tax rate for personal Income ranging from 0 to 37 %, Corporation Tax is at 35% and Vat at 15%.For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in Namibia;

    • Company registration in Namibia
    • Government Licenses Processing
    • Business Bank Account Opening
    • HR Recruitment and Management
    • Work Permit Processing
    • Apartment/Office/Warehouse Sourcing.

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  •  Company Registration in Namibia Summary Table | Namibia Company Registration Facts

  • Entity Subsidiary Company Branch Company
    How Long does Company registration in Namibia take? 15 Days 15 Days
    How long Does it take to Open Bank Account?  5 Days 5 Days
    After how Long can you Invoice and Hire  20 Days 20 Days
    Minimum Number of Directors and Shareholders  1  –
    Foreigner Can own the Company 100% Yes Yes
    Can the entity hire expatriate staff Yes Yes
    Tax Identification Registration required Yes Yes
    Access to Namibia double Tax treaties Yes Yes
    Can bid for Government Contracts? Yes Yes
    Can Secure Trade Finance? Yes Yes
    Can Secure an Import and Export Licence? Yes Yes
    Can Easily Convert into a PLC? Yes No
    Can Secure Work permits for foreign Employees and Directors? Yes Yes
    Multi Currency Bank Accounts Available? Yes Yes

     

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Company Registration in Namibia FAQs
  1. 1
    How much does it cost to register a company in Namibia? | What is the cost for Business registration in Namibia?

    The Costs for Company Registration in Namibia varies depending on the type of entity you want to register, the number and nationality of the shareholders and directors. Contact us for more details.

  2. 2
    What entity options do I consider before settling on Company setup in Namibia?

    Business registration in Namibia can be confusing. Here are the most common entity types;

    Sole Proprietorship – This is a one-man business usually registered by a Namibian National looking to operate their business using a different name from their own name. There is no distinction between the owner and the business and hence the Business owner is liable for any liabilities incurred by the sole proprietorship.

    Close Corporation – This is a separate legal entity owned by a minimum of 1 and a maximum of 10 members. Foreigners are allowed to own a close corporation.

    Company – This is a more complex business structure that provides limited liability to the shareholders. The company can be formed for profit or non-profit purposes and can assume any of the following forms:

    – Private Company (Pty) Ltd – limited to 50 shareholders;

    – Public Company (Ltd) – unlimited shareholding options;

    – Non-Profit Association incorporated under Section 21 (NGO’s);

    – Foreign (External) Companies. –  This is a company that is duly registered in another country and now have the intention to carry out business in Namibia.

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  3. 3
    What is the difference between a Close Corporation and a Company?

    Business registration in Namibia is at times confusing. Here are the major differences that you need to consider before you embark on Company Setup in Namibia.

    Close Corporation:

    ·         No Returns required.

    ·         No compulsory meetings

    ·         All members may take part in management

    ·         Company may not be a member of a close corporation

    ·         No audit required

     

     

    		 Companies:

    ·         Returns required at specific intervals.

    ·         Compulsory meetings as prescribed by the Act.

    ·         Management rests mainly with the directors.

    ·         A close corporation may be a shareholder in a company.

    ·         Audit of annual financial statements required.

     

  4. 4
    Can a foreigner own a company in Namibia? Do I need to apply for a work permit after Business Setup in Namibia?

    Yes a foreigner can own a company in Namibia.

    Work Permit is the next step after company registration in Namibia if at all you want to reside and work in Namibia. This is mandatory for foreign Directors, Shareholders or Close Corporation Members looking to work and reside in Namibia.

    The Major requirement for this type of work permit is an Investment of at least USD 130,000 and a Comprehensive business plan detailing the operations of the company. Applications showing a proper skill transfer from foreigners to the locals are easily approved.

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  5. 5
    Company Setup in Namibia is ideal for;

    Most foreign investors are taking up the Business Registration in Namibia service in order to take advantage of the numerous opportunities in the following sectors Mining and Energy, Manufacturing, Agriculture, Fishing, Tourism, Educational Institutions, Financial and Insurance Institutions and Real Estate.

    Contact us today for more details

  6. 6
    What are the requirements to register a company in Namibia?

    The requirements for Company Registration in Namibia Include the following;
    At least 3 Business / Company Names
    – Business Objectives
    – National Id Card Copy / Travel Passport copy of all the Directors, Shareholders and Beneficial Owners.
    – Passport-sized photos of all the Directors, Shareholders and Beneficial Owners.
    – Physical Addresses, phone numbers, email addresses, and occupations of all Directors, Shareholders and Beneficial Owners.

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