Namibia is located in South West Africa on the Atlantic coast. It is one of the most developed countries in Africa.
Those, who are interested in registering a company in Namibia and opening a Namibian bank account, must know the following:
- The country has a stable economy;
- It is a member of AU, SADC and Commonwealth of Nations;
- The state borders on Botswana, Zambia and Angola;
- There are 9 official languages in the Namibia. The major ones are English, German and Afrikaans;
- Namibian dollar (NAD) is an official currency.
You can order professional support services in a company registration procedure in Namibia from YB Case experts. Also, we can provide you with individual advice on opening an account for a company in Namibia.
Popular business types
If you want to start a business in Namibia, we recommend you considering the following solutions:
- Registering a mining company in Namibia (extraction of diamonds and uranium). Also, there are large deposits of copper, gold, lead, zinc, tin, silver, tungsten and natural gas;
- Setting up a Namibian agricultural company (livestock);
- Opening a bank in Namibia (well-developed banking sector with modern infrastructure);
- Registering an export company in Namibia (precious stones and metals, seafood, ores);
- Setting up a Namibian tourism company.
Legal forms & tax treatment
If you want to set up a company in Namibia without a personal visit and open a corporate account with a Namibian bank, then take a closer look at the following legal forms:
Tax resident LLC (Private Company);
- Free zone LLC (EPZ company);
- PLC (Public company);
- Business trust (Trust);
- Branch.
|
Legal form |
Corporate tax |
VAT |
WHT |
Share capital |
|
LLC |
32% |
15% |
10%-20% on dividends |
1 USD |
|
Free zone LLC |
0%-18% |
0% |
50 000 USD |
|
|
PLC |
32% |
15% |
1 USD |
|
|
Business Trust |
0% |
15% |
1 USD |
|
|
Branch |
32% |
15% |
1 USD |
Most entrepreneurs decide to register an LLC in Namibia.
Registration procedure
If you are intended to open a company in Namibia remotely, then you must know the following:
- In order to set up a Namibian company, you will need to prepare the document with all the names of directors and auditors and confirmation of payment of registration fee;
- If you want to register a PLC in Namibia, please note that the number of participants should not exceed 10;
- PLC limits the financial liability of the owners of the company, so the owner’s personal assets are not at risk.
How to establish a company in Namibia
To learn more about this country, we recommend you asking for a qualified assistance on a business registration process in Namibia from our experts. Also, we can provide you with advice on opening a Namibian corporate bank account.
Terms of registration are 4 weeks.
