Eternity Law International News Company registration in Namibia

Company registration in Namibia

December 23, 2020

Namibia is considered one of the richest and most influential countries in the African continent. That is why many foreign entrepreneurs strive to set up businesses there.

Organizational forms for businesses in Namibia

You can register a commercial structure in Namibia in one of the following forms:

  • a company with limited liability of its participants (public or private);
  • firm without limitation of liability;
  • partnership;
  • trust institution.

The most common form among foreign capital owners is a private company with limited liability. The staff of the enterprise must include at least 50 people. To create such an organization, you will need the following:

  • determine the name of the company and approve it in the Register. If a suitable name is selected, it will be reserved for the next 60 days;
  • pay registration fees and purchase revenue stamps from the Tax Administration;
  • register an enterprise and obtain an appropriate certificate giving the right to conduct commercial activities;
  • the Statute and Memorandum must be filed by a shareholder of the company, a lawyer of the firm or a local accountant.

Tax system in Namibia

  • A company registered in Namibia is not subject to taxes on inherited property and donated items.
  • Capital gains are not taxed.
  • The income tax is 32%. The exceptions are companies operating in the mining industry.
  • The upper threshold for individuals is 36%.
  • Individuals who earn up to 20 thousand in local currency – the Namibian dollar – are exempt from paying tax on their profits.

For mining companies, the rate is 25% – this is the minimum rate. Diamond mining companies pay tax at a 55% rate. Firms working with the production and sale of oil and gas, as well as products from them, pay 32%.

The amount of the tax duty may vary, since there is a separate tax system for each type of company. The duty on the production of goods and their imports ranges from 5 to 15 percent. VAT is calculated at a rate of 0-15% based on the type of product.

If you need to register a company in Namibia, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Namibia. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

Transfer funds to offshore accounts or tax planning

WHAT IS BETTER: TRANSFER OF FUNDS TO OFFSHORE ACCOUNTS OR PLANNING OF TAXES? What is better: transferring funds to offshore accounts or tax planning? Today this issue is one of the most relevant. Many countries of the world know firsthand what the global crisis is. In this regard, the government of states that are on...

ISO 14001 Concept & Importance

It is widely recognized that environmental problems are increasingly affecting the future strategic direction of every enterprise around the world. In addition to the growing demand for vital natural resources such as water, has prompted some organizations to incorporate “green thinking” into their activities. These so-called “green companies” are moving in this direction not only...

Regulatory outlook June 2023 fintech digital assets payments consumer credit

In June this year, representatives of the payment-systems-regulator announced the introduction of new requirements for fast revenue approaches. This is due to improved anti-fraud protocols. The majority of VASP residents, after consultations, supported the new actions to prevent fraudulent activities. But representatives of some companies have expressed mixed views. They worry about the unnecessary impact...

Investing 2020

Investing 2020: the most profitable investment spheres. Due to the fact that the market conditions of the international capital market are constantly changing, every year investors face new challenges. The question how to invest and not make a mistake, but to get additional profit, is becoming more and more often. As of today, the economic...

Money Service Operators License in Hong Kong

In accordance with the law regulating the money market, any person or legal entity operating money services is obliged to become approved by the HK Custοms and Εxcise Department. Such regulation is backed by the AML/CTF Ordinance. According to this law, mοney service also encompasses exchanging and remitting services. Running business operations without having an...

How to get investment fund license

Investment operations of hedge funds are covered by strict licensing in most countries. Only if this condition is met, the company receives permission to cooperate and cooperate with professional investors. Each jurisdiction has its own rules and procedures regarding how to get investment fund license. It is worth noting even in absence of a requirement...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


1629 K St. Suite 300 N.W.


Gediminas Avenue, 44A


Kesklinna linnaosa, Tuukri 19


Lochrin Square, 1


Jacovides Tower, 5 floor


Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


Level 42, Suntec Tower Three, 8 Temasek Boulevard


20 Martin Place


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7