How much does it cost to register a company 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

How much do I pay for company registration?

A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).

How do I register a private company 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.

Does FNB register new companies?

FNB facilitates company registration with CIPC (Companies and Intellectual Property Commission).Please note all other applications will need to be done at CIPC directly. It takes up to 10 working days, after payment and necessary documentation is received, for company registration and name reservation at CIPC.

Can I run a business without registering?

It is entirely legal to operate as a sole proprietorship without registering your company.You can’t legally use any business name until you have registered it as an officially recognized business entity, both with your local state authorities and with the Internal Revenue Service.

Can foreigners register a company 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.

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.

What business can I start in Namibia?

What is the best business in Namibia?

• Food Business Ideas In Namibia.
• Organizing Private Classes For Students.
• You Can Become a Web Designer In Namibia.
• Start A Gym Business.
• Photography Business In Namibia.
• Start A Backyard Garden.
• Create Your Own Blog.
• Start A Cosmetic Business In Namibia.

How do I register my company name?

Four major steps to register a company/ startup in India:

1. Step 1: Acquire Digital Signature Certificate (DSC)
2. Step 2: Acquire Director Identification Number (DIN)
3. Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
4. Step 4: Incorporate or Apply for the company to be registered.

How much does it cost to open a business account at Nedbank?

R330 + R30 per director/shareholder (minimum fee of R390). R110 for new name search (first four names free). No facilitation fee charged by Nedbank.

Can I register my business online?

In most states, you can register your new business without even leaving your home or office.Once you know this, you can register the business online through your state’s corporation division. Having done that, you can then register your business with the federal government, receiving an Employer Identification Number.

How much does a business license cost?

Issued by your county, city and/or state, a business license gives you the authority to operate your business. The cost for the license varies by location and can involve additional processing fees. It usually ranges from $50 – $400 or more, depending on what type of business you’re operating.

Should I register my small business?

Most business of any appreciable size need to be registered with one or more government agencies. The exception is small, one-person business, which can carry out many types of operations, without any formal registration. Small partnerships may not be required to register either.

Is company registration necessary?

Is it mandatory to register a company before starting a business in India? The answer is no! Registering a company is not the only way to start a business in India.The simplest way to start your own business is to acquire any tax license, like service tax registration.

How do I get a business permit in Namibia?

The permit application requirements include:

1. A duly completed application form signed by the applicant; and.
2. Medical Certificate Form / Radiological Report Form completed by a medical practitioner; and.
3. Certified copies of highest education or trade certificate of the applicant; and.

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.

How do I start a business in Namibia?

1. Step 1: Establishing a legal entity in Namibia.
2. Step 2: Registration with the relevant authorities.
3. Step 3: Making taxable supplies exceeding N$500,000.
4. Step 4: Employing people in Namibia.
5. Step 5: Payments made to Non-Residents.
6. Step 6: Other considerations.
7. Contact one of our Namibian experts for assistance:

What is the difference between Pty Ltd and CC?

Both Close Corporations (CC) and Private Companies (Pty) count as a legal entities and have limited liability of members or shareholders. Close Corporations are often the type of company chosen by small business owners. CCs have members – up to a maximum of 10 natural people.

Can a Pty Ltd be a sole trader?

There are no such restrictions for sole traders. The sole trader alone makes all decisions about the business. Limiting liability is one of the primary advantages of operating a business through a limited company — “limited company” includes a “Pty Ltd” company, which is the type of company available through Cleardocs.

What type of business is a CC?

A close corporation is a legal entity much like a company. A CC is run and administered by its members, who must be natural persons (i.e. not other legal entities). A close corporation’s members are like a company’s shareholders.

What are the most successful small businesses?

Most profitable small businesses

1. Auto repair. Taking a car to the shop for even simple repairs can be a challenge.
2. Food trucks.
3. Car wash services.
4. Electronics repair.
5. IT support.
6. Personal trainers.
7. Newborn and post-pregnancy services.
8. Enrichment activities for children.