Setting up Business in Namibia
6 Step Considerations
- Step 1
- Step 2
- Step 3
- Step 4
- Step 5
- Step 6
Step 1
Establishing a legal entity in Namibia
Register a private company or branch:
- Consider industry specific registration requirements; and
- Consider accounting and audit services.
Step 2
Registration with the relevant authorities
Register for:
- Income Tax at Namibia Inland Revenue (if required); and
- Relevant registrations with relevant boards (industry dependant).
Step 3
Making taxable supplies exceeding N$500,000
Register for:
- Value Added Tax (VAT) at Namibia Inland Revenue; and
- Import VAT if you will be importing goods or services.
Step 4
Employing people in Namibia
Register for:
- Employees Tax (PAYE) and Social Security; and
- Consider expatriate and payroll administration.
Step 5
Payments made to Non-Residents
Register for:
- Withholding Tax on Services, Royalties, Interest or Non-Resident Shareholders Tax (depending on type of payments made).
Step 6
Other considerations
It is important to consider:
- Foreign exchange regulations for cross border transactions; and
- Appointment of public officer, info for opening a bank account, etc.
Our step by step guide for setting up and doing business in Namibia includes:
- registering a company or a branch;
- tax registration in Namibia;
- employee taxes;
- foreign exchange considerations;
- industry specific requirements;
- group structure tax and regulatory considerations.
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