Doing Business with Namibia

A comprehensive guide to doing business, exporting, investing, and manufacturing in Namibia.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Namibia Investment Promotion and Development Board

Tel: +264 83 333 8600
Email: info@nipdb.com
Web: www.nipdb.com

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Namibia Revenue Agency-NamRA

Tel: +264 81 959 4000
Email: info@namra.org.na
Web: www.namra.org.na

National Chamber of Commerce

Namibia Chamber of Commerce and Industry (NCCI)

Tel: +264 61 228 809
Email: ncciinfo@ncci.org.na
Web: www.ncci.org.na

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Finance & Public Enterprises

Tel: +264 61 209 9111
Email:
pr@mfpe.gov.na
Web: www.mfpe.gov.na

  • Type of Government: Presidential republic
  • Population: Approximately 2.5 million
  • GDP: Around $11 billion USD
  • Corporate Tax Rate: 32%
  • Personal Income Tax Rate: 18% to 37%
  • Major Exports: Diamonds, uranium, fish, livestock
  • Major Imports: Machinery, vehicles, fuel, foodstuffs

 

Exporting to Namibia involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Namibia’s import regulations and standards for your product.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company. Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Submit all required documentation to Namibian Customs.
  6. Understand Duties and Taxes

    • Familiarize yourself with any applicable import duties and taxes in Namibia.
  7. Distribution and Sales

    • Establish distribution channels within Namibia.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

Importing goods into Namibia involves several steps. Here’s a comprehensive guide:

  1. Register as an Importer

    • Ensure your business is registered with the Business and Intellectual Property Authority (BIPA).
  2. Obtain an Import Permit

    • Apply for an import permit through the Ministry of Industrialisation and Trade if required for specific goods.
  3. Classify Your Goods

    • Determine the correct Harmonized System (HS) code for your products to identify applicable duties and taxes.
  4. Arrange Shipping and Logistics

    • Choose a reliable freight forwarder.
    • Ensure all shipping documents are in order, including the bill of lading and commercial invoice.
  5. Customs Declaration

    • Work with a customs broker to submit all required documentation to Namibia Customs.
  6. Pay Duties and Taxes

    • Calculate and pay applicable import duties and taxes through the customs system.
  7. Receive Your Goods

    • Arrange for the transportation of goods from the port to your warehouse or distribution center.

Key Contacts

Incorporating a company in Namibia involves several steps. Here’s a comprehensive guide:

  1. Choose a Business Structure

    • Decide on the legal structure, such as a Private Limited Company.
  2. Reserve a Company Name

    • Check for name availability and reserve it with the Business and Intellectual Property Authority (BIPA).
  3. Prepare Required Documents

    • Draft the company’s Memorandum and Articles of Association.
  4. Submit Application to BIPA

    • File your application with the necessary documentation to BIPA.
  5. Obtain Certificate of Incorporation

    • Once approved, receive your Certificate of Incorporation.
  6. Register for Tax

    • Register with the Namibia Revenue Agency (NAMRA) for your Tax Identification Number (TIN).
  7. Register for Social Security

    • Enroll employees in the Social Security Commission.
  8. Obtain Necessary Licenses

    • Apply for any industry-specific licenses required for your business operations.

Costs

  • Registration Fees: Vary depending on the business type and structure.
  • Legal Fees: Vary based on the assistance required.

Key Contacts

  • Business and Intellectual Property Authority (BIPA)
  • Namibia Revenue Agency (NAMRA)

Setting up a manufacturing plant in Namibia involves several steps. Here’s a comprehensive guide:

  1. Conduct Market Research

    • Analyze demand, competition, and location advantages in Namibia.
  2. Choose a Suitable Location

    • Consider available infrastructure, proximity to resources, and zoning regulations.
  3. Incorporate Your Company

    • Register your business with the Business and Intellectual Property Authority (BIPA).
  4. Obtain Necessary Permits and Licenses

    • Apply for construction permits and environmental clearances from relevant authorities.
  5. Secure Financing

    • Explore options through banks or investment partners.
  6. Design and Construct the Facility

    • Hire architects and contractors for design and construction.
    • Ensure compliance with local building codes and safety regulations.
  7. Install Equipment and Machinery

    • Purchase and set up machinery necessary for production.
    • Ensure safety and operational standards are met.
  8. Hire and Train Workforce

    • Recruit skilled labor and provide necessary training.
  9. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.
  10. Begin Operations

    • Start production and monitor operations for efficiency and quality control.

Key Contacts

Registering a trademark in Namibia involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique by searching the existing trademark database at BIPA.
  2. Prepare Your Application

    • Gather necessary details, including the trademark design, classification of goods/services, and applicant information.
  3. Submit the Application

    • File your application with the Business and Intellectual Property Authority (BIPA).
  4. Pay the Application Fee

    • Fees vary based on the number of classes; check with BIPA for current rates.
  5. Examination Process

    • The application is examined for compliance and potential conflicts.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. A period is given for third parties to oppose.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered, and you receive a Certificate of Registration.
  8. Maintain and Renew the Trademark

    • Trademarks need periodic renewal to maintain protection.

Related Costs

  • Application Fees: Dependent on the number of classes and type of trademark.

Key Contacts

  • Business and Intellectual Property Authority (BIPA)

Resolving commercial disputes in Namibia involves several steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Start by negotiating directly with the other party to reach an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions. This process is less formal and can save time and costs.
  3. Arbitration

    • Consider arbitration for a private and binding resolution. Both parties must agree to this method.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate Namibian court. Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case. Follow legal procedures as guided by your lawyer.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Related Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

When considering doing business in Namibia, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

  • Language: English is the official language, but several indigenous languages are also spoken.
  • Business Etiquette: Building personal relationships and trust is crucial. Punctuality and respect for hierarchy are important.

Political Factors

  • Government Structure: Stable presidential republic with a focus on economic growth and development.
  • Regulations: Supportive policies for foreign investment, though bureaucracy can be a challenge.

Economic Factors

  • Economic Stability: Rich in natural resources like minerals, providing opportunities in mining and agriculture.
  • Infrastructure: Developing infrastructure with ongoing improvements in transport and energy sectors.

Foreign Exchange

  • Currency: Namibian Dollar (NAD), pegged to the South African Rand (ZAR).
  • Exchange Rate: Relatively stable due to the peg, but businesses should monitor for any regional economic changes.

Rule of Law

  • Legal Framework: Based on Roman-Dutch law, with a strong emphasis on property rights and contract enforcement.
  • Judiciary: Independent and efficient, but navigating the system may require local legal expertise.

Business Environment

  • Workforce: Young and improving workforce, with government initiatives to enhance skills.
  • Taxation: Competitive tax rates aimed at attracting foreign investment, with clear compliance requirements.

Key Resources

Our Members Include Leading Organizations in Namibia

Ask our Experts on Doing Business in/with Namibia

If you’re looking to do business or invest in Namibia, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.