Where 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
Where To Register A Company In Namibia
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.
Frequently Asked Questions (FAQ’s)
How long does it take to register a company in Namibia?
How long does it take to register a Trademark in Namibia? Trademark registration process takes minimum 6 month.
Can a foreigner open a company 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 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 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 can I work in Namibia?
How Do I Work In Namibia? You will need a VISA to work in Namibia. It is recommended to obtain employment there before applying, as your new employer can often sponsor your application. You can find out more information by visiting your local embassy website.
How do I register a SME in Namibia?
Requirements to Apply for SME Certificate
- Copy of Company Registration Certificate,
- Social Security Commission Good Standing Certificate not older than 3 months,
- VAT Good Standing Certificate not older than 3 months, and.
- Certified Copies of IDs of all members/owners of the Company.
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.
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.
How do I register my CC in Namibia?
- Copy of the approved form for name reservation.
- Founding statement in triplicate.
- Consent letter from the accounting officer.
- Certified Copy of passport in case of foreigners.
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.
Can a South African buy a business in Namibia?
It is important to note that Namibia has no restrictions on the ownership of shares in Namibian entities by foreign nationals. In Namibia a business can be managed and property purchased through companies, closed corporations and/or business trusts.
How do I register a micro business loan in Namibia?
To register a new micro finance company a non-refundable application fee of R500 is needed as well as a R250 branch fee per location. Application forms and all relevant regulations can be easily downloaded from the NCR website or you can download the forms below: Application for registration as a credit provider.
What is the main purpose of a business in Namibia?
The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
What businesses will always be in demand in Namibia?
- IT & Design. Everything is online these days so it is a no-brainer that IT & design is an industry that is going no-where.
- Renewable Energy & Environmental.
- Transport.
- Insurance.
How can a woman start a small business in Namibia?
The most common permits most women business owners will need are a fictitious name certificate, or DBA, and an employer identification number, or EIN. DBAs are needed if you are using a name for your business that is not your own legal name, and are usually obtained at the county level.
How do start my own business in Namibia?
- Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
- Write your business plan.
- Fund your business.
- Pick your business location.
- Choose a business structure.
- Choose your business name.
- Register your business.
- Get federal and state tax IDs.