Registering a company in Namibia - YB Case 2022

Company registration in Namibia

Company registration in Namibia
Namibia

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.

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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

10% on interest payments and royalties

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:

  1. 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;
  2. If you want to register a PLC in Namibia, please note that the number of participants should not exceed 10;
  3. 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.

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