Requirements To Register A Company In Namibia

Requirements To Register 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.

These are the requirement to register a company in Namibia

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

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

Frequently Asked Questions

What is needed after registering a company in Namibia?

  • Proof of address no older than three months.
  • Latest 3-month bank statement.
  • Proof of Identification.
  • Directors proof of identification.
  • SARS document including income tax number.

How do I register a trading company in Namibia?

  • Submit name application/reservation form CM5 or reserve a name online.
  • Upon approval, you may apply for a Certificate of Incorporation and Certificate to Commence Business. This requires the submission of the following documents:

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 difference between a company and a business in Namibia?

A company is essentially a type of business. All companies are considered separate legal entities from their respective owners, meaning they don’t share liabilities or debts. The term “business” can refer to a company as well. It’s a broad term that encompasses all types of commercial entities.

What’s the difference between registering a company and business name in Namibia?

Companies must be registered with ASIC, and company officeholders have legal obligations under the Corporations Act. Registering a business name does not provide exclusive ownership of that name. It also doesn’t prevent other people from being able to register and use similar names.

How do I register a sole proprietorship in Namibia?

To register a sole proprietorship, you have to apply with the Business and Intellectual Property Authority of Namibia (BIPA). The application process can be completed online (guide) or by visiting a BIPA office in person. First, you have to come up with a business name.

What is the difference between Pty Ltd and CC in Namibia?

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 I start a business without registering it Namibia?

You are allowed to operate a sole proprietorship without registering, but you are required to register with your local government to collect and file state taxes. There is nothing wrong with running an unregistered business as long as your business is legal and meets all licensing and tax requirements.

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.”

How long does it take to get a Namibian ID?

The issuance of a national identity card took 100 days in April 2014, by October 2015 it had been reduced to 16 days. The MHAI reached the goal of reducing the turnaround time for issuing the national identity card to 20 days by April, 2016.

Can two businesses have the same name in Namibia?

Yes, however, certain requirements must be met in order for it to not constitutes trademark infringement and to determine which party is the rightful owner of the name.

Can I use my own name as a business name in Namibia?

If you’re operating as a sole proprietorship (meaning you are running your business but you haven’t filed with your local government as an LLC or Corporation), you are legally obligated to use your given name in your business name. This is because you pay both your personal and business taxes as an individual.

Can you sue someone for using your business name in Namibia?

The registered name of a business may, or may not, also be the correct legal entity to sue. It is important to investigate beyond the business name that you know the debtor by, to see who, or what, owns the name and whether the name has been registered.

Can someone copyright my business name in Namibia?

A trademark can protect your name and logo in case someone else wants to use them for their own purposes. Also, you cannot really copyright a name, since copyright protects artistic works. This is exactly why you need to have a trademark that protects your company’s intellectual property, such as your logo.