Registering a company in Namibia is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Business and Intellectual Property Authority and Namibian Inland Revenue Department. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Namibia. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this business-friendly and diverse economy.
The first step in registering a company in Namibia is to choose the type of company you want to register. The most common types are:
Before registering your company, you'll need to choose a suitable name. The Business and Intellectual Property Authority (BIPA) of Namibia has guidelines for acceptable names, which can be found at this link: https://www.bipa.na
Next, prepare the necessary documentation for your chosen company type. The key documents are:
These forms can be downloaded from the BIPA's website: https://www.bipa.na
You will need to identify at least one director (for Pty Ltd, Ltd) or one member (for CC). Directors or members must be at least 18 years old. Shareholders can be individuals or corporate entities.
Namibia does not require a minimum capital for CCs, Pty Ltds, or Ltds. There is no minimum capital requirement for branches of foreign companies.
Once your documents are ready, you can submit your application to the Business and Intellectual Property Authority (BIPA). This can be done in person at their office or via mail. Online registration is not currently available.
The fees for registering a company are as follows:
After your company is registered, you must register for taxes with the Namibian Inland Revenue Department. This can be done in person at the local Tax Office or online via the following link: https://www.mof.gov.na/inland-revenue
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the complexity of your application.