SERVICES PLAY A MAJOR ROLE IN ALL MODERN ECONOMIES. INDEED, IT WOULD BE DIFFICULT FOR ANY ECONOMIC ACTIVITY TO TAKE PLACE WITHOUT SERVICES.
AN EFFICIENT SERVICES SECTOR IS CRITICAL TO TRADE AND ECONOMIC GROWTH. ENCOURAGING GREATER TRADE IN SERVICES THROUGH OPEN MARKETS AND NON-DISCRIMINATORY TREATMENT CAN LEAD TO HIGHER EMPLOYMENT LEVELS, HIGHER INCOMES AND HIGHER STANDARDS OF LIVING.
The mission of the Division for the Registration of Companies and Close Corporation in the Ministry of Trade and Industry is to manage, regulate and facilitate the formation of business entities and to encourage investment through an appropriate legal framework and a conducive environment that ensures the flourishing of businesses. In modern-day Namibia, business and public services – such as accounting services, legal services, financial services and health services – are well established and their importance to the country’s development cannot be underestimated.
Foreign investors generally conduct business through a Namibian company or as a branch of their home corporation.
Company formation is simple and inexpensive. Shell companies are available from accounting and legal firms.
Close corporations are simpler to administer and are not subject to statutory audit obligations.
Legal, tax and accounting advisers should be hired in the early planning stages of establishing a business entity.
The choice of entity is of extreme importance when setting up a business. In Namibia an entrepreneur can choose from a variety of business forms.
Business may be conducted in a variety of forms:
- Public company or private company
- Branch of a foreign company
- Close corporation
- Partnership, including joint venture
- Sole proprietor
- Business trust
Prior to commencing business it is necessary to obtain the appropriate registration certificate from the local municipal health department. Certain businesses, such as banks, insurers and pharmaceutical companies, may require additional special licences.
It is also necessary to register with:
- The Workmen’s Compensation Commissioner with regard to the government-operated workmen’s compensation insurance scheme
- The appropriate industrial council governing the trade or industry in which the business proposes to operate
- The Department of Inland Revenue with regard to value added tax and employment matters
- The Receiver of Revenue
- The Department of Social Security
For more information visit www.pwc.com and download the Business and Investment Guide for Namibia 2016, published by PWC Namibia.
ESAMI- Eastern and Southern Africa Management Institute
P O Box 1836, Windhoek
Tel: +264 61 23 6965/6
NACC – Namibian Competition Commission
P O Box 2104 ,Windhoek
Tel: +264 61 224 622
Namibia National Reinsurance Corporation (NAMIBRE)
P O Box 716, Windhoek
Tel: +264 61 422 800
NIBA – Namibia Insurance Brokers Association
P O Box 2445, Windhoek
Tel: +264 61 384 029
NIPAM – Namibia Institute Of Public Administration And Management
Private Bag 13218, Windhoek
Tel: +264 61 296 4700
NASRIA – National Special Risks Insurance Association
P O Box 417, Windhoek
Tel: +264 61 229 207
NSA – Namibia Statistics Agency
P O Box 2133, Windhoek
Tel: +264 61 431 3200
PSC – Public Service Commission
Private Bag 1338,
Tel: +264 61 287 2002
Security Enterprises & Security Officers Regulation Board
Private Bag 12024 , Windhoek
Tel: +264 81 304 5623
SSC – Social Security Commission
Private Bag 13223,
Tel: +264 61 280 7251
Trust Fund For Regional Development & Equity Provisions
P O Box 23160, Windhoek
Tel: +264 61 227
TKCS – Trans Kalahari Corridor Secretariat
P O Box 23017,
Tel: +264 61 25 0071