Can foreigners open a business in Namibia?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.
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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
- registering a company or a branch;
- tax registration in Namibia;
- employee taxes;
- foreign exchange considerations;
- industry specific requirements;
- group structure tax and regulatory considerations.
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 do I get a business permit in Namibia?
The permit application requirements include:
- A duly completed application form signed by the applicant; and.
- Medical Certificate Form / Radiological Report Form completed by a medical practitioner; and.
- Certified copies of highest education or trade certificate of the applicant; and.
How can a foreigner register a company in Namibia?
Procedure to register a Foreign Company
- Submission of name application/reservation form CM5. Name reservations can also be done online.
- Once the name reservation is approved, you can now apply for a Certificate of Incorporation and Certificate to Commence Business.
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)
How long does it take to register a company in Namibia?
It takes the minimum of 6month for your company to be registered.
How can I start a small business in Namibia?
How do I start a business in Namibia?
- Step 1: Establishing a legal entity in Namibia. …
- Step 2: Registration with the relevant authorities. …
- Step 3: Making taxable supplies exceeding N$500,000. …
- Step 4: Employing people in Namibia. …
- Step 5: Payments made to Non-Residents. …
- Step 6: Other considerations. …
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 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 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.
Can a CC own another CC?
A CC has no share capital and therefore no shareholders. The owners of a CC are the members of the CC. Members have a membership interest in the CC.A CC may not have an interest in another CC.
How I register my company?
How to Register a Company in India?
- Step 1: Digital Signature Certificate (DSC)
- Step 2: Director Identification Number (DIN)
- Step 3: Registration on the MCA Portal.
- Step 4: Certificate of Incorporation.
How can I get permanent residency in Namibia?
How To Get A Permanent Residence In Namibia
- Application form.
- Medical report.
- Two passport photos of each applicant.
- Birth certificate.
- Radiological reports.
- Police clearance certificate (from country of origin plus local)
- Marriage certificate (If married)
- Death certificate of late spouse (where applicable)
How do I register a nonprofit organization in Namibia?
These are the procedures to register a non profit organization;
- Memorandum and article of Association in triplicate of forms CM3, CM4, CM44B and CM44C.
- Copy of approved name on CM5.
- Notice of postal and registered address on CM22.
- List of Directors, Auditors and public Officers on CM29.
- Appointment of an Auditor on CM31.
Do I need a business visa for Namibia?
South African passport holders visiting Namibia for conference and meetings purposes no longer require a visa.They will now be merged and no visa is required for either travelling purpose.”
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 can a South African stay in Namibia?
90 days
Namibia tourist visa is not required for citizens of South Africa for a stay up to 90 days. Good news if tourist visa is the correct choice for the purpose of your trip to Namibia.
Is Namibia a poor country?
Rated as a high middle income country, Namibia’s poverty and inequality levels are among the highest. About 28.7% of the population is poor while 15% are extremely poor. Poverty is highest in rural (37%) than in urban areas (15%).
How many millionaires are there in Namibia?
There are 3,300 US$-millionaires in Namibia, 1,400 of which live in the capital Windhoek.
