Requirements For Business Registration In Namibia

What is Business?

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.

These are the requirement for Business registration in Namibia

These are the document required to register a business in Namibia;

• Passport.
• Election Card or Voter Identity Card.
• Ration Card.
• Driving License.
• Electricity Bill.
• Telephone Bill.
• Aadhaar Card.

Frequently Asked Questions

How do I start a business in Namibia?

Obtain the approval for a company name from the Registrar of Companies. Pay the registration fees and buy revenue stamps at the Receiver of Revenue. 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.

What registration is required to start a business in Namibia?

Shop and Establishment Act license or registration is issued by the State Governments and varies from States. Hence, based on the State in which the business is situated, the concerned State Government authority must be approached for obtaining Shop and Establishment Act License.

How can I register my own business in Namibia?

To start the process of registering your business online, you need to go to the website of the Ministry of Corporate Affairs. On this website, there are two forms that you need to locate. One is called DIR3 and the other is called DSC. Fill out both these forms and then you can apply for the DIN online.

How do I register a small business 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.

Can a foreigner register 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.

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.

What should I invest 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 (jewelry)
• Good prospects for oil and gas prospecting, exploration and processing.

Do I need a license to start a business in Namibia?

Almost all businesses will need one or multiple licenses to start and operate their businesses legally, whether at the local, state, or federal level. You’ll want to apply for and receive all necessary licenses before you actually start operating or open your doors to the public.

How do I register my business name for free in Namibia?

No. There are filing fee requirements for reserving a business name, forming a company with one, getting a DBA, and filing an amendment. These fees vary by state.

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.

What businesses are needed in Namibia?

• Cutting and polishing of precious and semi-precious stones, marbles and granites.
• Leather products.
• Glass products.
• Manufacturing of pharmaceutical products.
• Down-stream processing of gas.
• Cement manufacturing.
• Steel manufacturing.
• Textiles and garments manufacturing.

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.

Can I run a business without registering in Namibia?

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.

Do I need to register a business name as a sole trader in Namibia?

By having a sole-trader or partnership ABN operation you are permitted to trade under your personal legal name/s. If you would like the ability to conduct your business under an unrelated name, such as ‘ABC Plumbing’ or ‘Joe’s Cafe’, then this is required to be registered as a business name.

How do I become a resident of Namibia?

Applicant must have legal residence in Namibia as the spouse of a Namibian citizen for a period for at least 2 years. Copy of Marriage Certificate, Copy of Birth Certificate of spouse born in Namibia. Copy of Birth Certificate (applicant).