Cost Of Registering A Company in Namibia
What is a Company?
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals
Cost Of Registering A Company in Namibia 2021?
| Different Namibia entity types | Cost |
|---|---|
| Tax resident LLC | US$11,900 |
| PLC | US$11,900 |
| Branch of a foreign company | US$13,100 |
| Fast nominee LLC | US$23,850 |
Frequently Asked Questions (FAQ’s)
How long does it take to register a company in Namibia 2021?
How long does it take to register a Trademark in Namibia? Trademark registration process takes minimum 6 month.
Where can I register my small business in Namibia?
Business Registration
- the Ministry of Finance (registration for VAT and Company Tax)
- the Ministry of Labour.
- the Ministry of Home Affairs (work permits, visas, etc.)
- the Social Security Commission.
- NAMFISA.
Can I start a business without registering it in Namibia?
It is entirely legal to operate as a sole proprietorship without registering your company. Keep in mind, however, that doing so does not provide you with any form of legal protection if you experience debt or face legal action.
How long does it take to get a work visa for Namibia?
How long does the process take? Obtaining a Namibia work visa is not a short process and processing times vary from 7 to 90 working days. It therefore follows that any application for a Namibia work visa be made in ample time.
Which business is more profitable in Namibia?
The cosmetics industry is one of the most lucrative business ideas in Namibia and even in most parts of Africa.
How much is a work permit in Namibia?
Payment for study/work visa is to be made after approval by the Ministry of Home Affairs and Immigration before the actual issuance. payment is made to the Embassy bank account, visa fee is 720 SEK. Visa fee for a period of 4 – 6 months is 2000 Namibia dollars.
Does an NGO have to be registered in Namibia?
In principle, an NGO does not have to register itself to perform charitable, welfare or developmental activities. Ideally, due to obligations required of a registered NGO, the registration process itself can lead to the development of systematic thinking and functioning of an NGO’s management.
Which company is rich in Namibia?
Van-Rooyen owns more than a 20% stake in the company, which is dual-listed on the Namibia and Johannesburg Stock Exchange. His stake in Trustco alone is valued at more than $50 million. The 81-year-old tycoon sits atop the Frans Indongo Group, one of the largest conglomerates in Namibia.
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.
How much does it cost to register a Pty Ltd company?
ASIC charge $512 to register a company. This fee applies whether you register directly with them or through an agent and is GST free.
What documents are needed for company registration in Namibia?
The following supporting documents are required: o Certified identity copy of applicant; o Certified copies of the Identity Documents or passport of the Directors and Incorporators; o The name confirmation certificate (COR9.
How long does CIPC take to register a company in Namibia?
They should process all applications in date order but this is not always the case. Currently names are taking about one to seven business days, as soon as you receive the name and submit for registration it can also take one to seven business days, anywhere in between.
How do I register a Pty Ltd in Namibia?
Procedure to register Private (proprietary) Limited and Public (Limited) Companies
- Submit name application/reservation form CM5
- Upon approval, you may apply for a Certificate of Incorporation and Certificate to Commence Business. This requires the submission of the following documents:
- 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
- Application of Certificate of Registration of memorandum of External Company CM46
- Request for submission of additional Copies on CM51.
How do I register a cash loan business in Namibia?
The applicant will be required to complete the application form and submit the following documentation with the completed application form to NAMFISA: 5.1 A certified copy of Income Tax registration certificate of the Cash Loan Business as issued by the Ministry of Finance.
Is it good to join LLP Company?
LLPs combine the operational advantages of a Company as well as the flexibility of Partnership Firms. The fee for incorporation of an LLP firm is very nominal as compared to that for Private Limited Company. The compliance requirements for an LLP are significantly lower than those for a private limited company.