BUSINESS AND PUBLIC SERVICES

BUSINESS AND PUBLIC SERVICES 2023-03-29T07:28:38+00:00

BUSINESS AND PUBLIC SERVICE SECTORS

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.

INVESTMENT CONSIDERATIONS:

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 registration
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.

VITAL CONTACTS

ESAMI- Eastern and Southern Africa Management Institute 

P O Box 1836, Windhoek 

Tel: +264 61 23 6965/6 

esamiwhk@mweb.com.na 

www.esami-africa.org 

NACC – Namibian Competition Commission 

P O Box 2104 ,Windhoek 

Tel: +264 61 224 622 

dina.gowases@nacc.com.na 

www.nacc.com.na 

Namibia National Reinsurance Corporation (NAMIBRE) 

P O Box 716, Windhoek 

Tel: +264 61 422 800 

info@namibre.com 

www.namibre.com 

NIBA – Namibia Insurance Brokers Association 

P O Box 2445, Windhoek 

Tel: +264 61 384 029 

antoinette.vanwyk@minet.co.na 

www.nibanam.com 

NIPAM – Namibia Institute Of Public Administration And Management 

Private Bag 13218, Windhoek 

Tel: +264 61 296 4700 

kipinge@nipam.na 

www.nipam.na 

NASRIA – National Special Risks Insurance Association 

P O Box 417, Windhoek 

Tel: +264 61 229 207 

anna@nasria.com.na 

www.nasria.com.na 

NSA – Namibia Statistics Agency 

P O Box 2133, Windhoek 

Tel: +264 61 431 3200 

www.nsa.org.na 

PSC – Public Service Commission 

Private Bag 1338, 

Windhoek 

Tel: +264 61 287 2002 

info@opm.gov.na 

www.opm.gov.na 

Security Enterprises & Security Officers Regulation Board 

Private Bag 12024 , Windhoek 

Tel: +264 81 304 5623 

adminsan@iway.na 

www.securityassociationnamibia.com 

SSC – Social Security Commission 

Private Bag 13223, 

Windhoek 

Tel: +264 61 280 7251 

corporate@ssc.org.na 

www.ssc.org.na 

Trust Fund For Regional Development & Equity Provisions 

P O Box 23160, Windhoek 

Tel: +264 61 227 

880 

amutero@murd.gov.na 

www.murd.gov.na 

TKCS – Trans Kalahari Corridor Secretariat 

P O Box 23017, 

Windhoek 

Tel: +264 61 25 0071 

admin@tkcmc.com 

www.tkcmc.com