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Legal Form of Business in Namibia

/Legal Form of Business in Namibia

Public companies, private companies and NGOs need a partnership agreement and statutes, which must be certified by a notary who is a member of the legal profession. Therefore, candidates applying for one of the business entities are encouraged to use the services of legal practitioners. Namibia is considered one of the most picturesque countries in Africa. The country is conveniently endowed with a variety of flora and fauna, rare combinations of geological formations and natural landscapes, green foothills and desert sand and these are the peculiarities of Namibia. Company registration in Namibia can be done in the following forms: Healy Consultants helps our clients to integrate the optimal business structure. There are several ways to do business in Namibia, the most common being to form an LLC. Alternatively, foreign companies can also set up a PLC or branch. For a policy on how to ensure your company name is successfully reserved, please click here Is there anything in your plans regarding company registration in Namibia? In this case, we are ready to help you quickly register companies (companies) in Namibia, which will be a great start for a successful international business. Our highly qualified specialists will provide you with all relevant information about offshore areas in Namibia. The registration of companies, trusts, partnerships in different countries is one of the main directions of our work.

This establishment of a company in Namibia is not considered a separate entity from the parent company. However, it will have an independent management team and a corporate account, but the scope of its activities will continue to be defined by the parent company. Finally, a branch must appoint an accountant and auditor registered in Namibia and keep the records legally required in Namibia. There are special tax regimes for all types of companies, so the tax rate can fluctuate. – the development and extraction of mineral resources; Depending on the economic sector, the procedure for obtaining the licence may have specific nuances. Namibia`s climate is hot and humid, and the rainy season is short, the sun shines almost 365 days a year. Once a client has retrieved their registered documents, they must also ensure that the requirements of the other institutions involved are met, namely: Namibia is one of the richest countries in Africa. Nowadays, it is profitable and promising to register a company in Namibia. According to its administrative division, Namibia is divided into 13 regions. The population number is about 2 million people.

VAT levied on goods and services can be charged at a rate of zero or 15% (depending on the type of products). The Republic of Namibia is located in southwestern Africa on the Atlantic coast. The state borders four countries, such as Botswana, Zambia, Angola and South Africa. The total area of Namibia is 783,000 km2. Its capital is Windhoek. The monetary unit is the Namibian dollar. The official language is English. Forms for private companies (CC8, CC1 and CC2) and defensive names (CM5, CM8 and CM8A) are available free of charge at all offices of the Ministry of Industrialization, Trade and SME Development (MITSMED) throughout the country and from the Namibian Chambers of Commerce and Industry (NCCI) and its branches. Mining companies in Namibia pay taxes at a minimum rate of 25%. Oil and gas companies are taxed at a rate of 32%.