Last Updated on September 11, 2024 by Elidge Staff
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The Cost of Registering a Business in Namibia: Everything You Need to Know
Starting a business can be an exciting but daunting task. There are many factors to consider, including the cost of registering a business in Namibia. The process of registering a business involves several fees and charges. Let’s take a closer look at the business registration fees and charges associated with registering a business in Namibia.
Registration of a Founding Statement
N$150.00 (CC1 Form) The founding statement is a document that outlines the structure and ownership of the business. The fee for registering a founding statement in Namibia is N$150.00. (Cost of registering a business in Namibia)
Registration of an Amended Founding Statement
N$100.00 (CC2 Form) If there are any changes to the founding statement, an amended founding statement must be filed with the Registrar of Companies. The fee for registering an amended founding statement in Namibia is N$100.00. (Cost of registering a business in Namibia)
Restoration of the Registration of a Corporation
N$225.00 (CC3 Form) If a corporation has been deregistered for failing to submit annual returns or for other reasons, it can be restored by filing an application with the Registrar of Companies. The fee for restoring the registration of a corporation in Namibia is N$225.00. (Cost of registering a business in Namibia)
Registration of an Order of the Court
N$100.00 (CC5 Form) If a court orders the registration of a company, the order must be filed with the Registrar of Companies. The fee for registering an order of the court in Namibia is N$100.00. (Cost of registering a business in Namibia)
Registration of a Resolution to Wind-Up Voluntarily
N$100.00 (CC6 Form) If a company decides to wind up voluntarily, a resolution must be passed and filed with the Registrar of Companies. The fee for registering a resolution to wind up voluntarily in Namibia is N$100.00. (Cost of registering a business in Namibia)
Annual Duty
N$120.00 (CC7 Form)
Every company registered in Namibia is required to pay an annual duty. The fee for annual duty in Namibia is N$120.00. (Cost of registering a business in Namibia)
Application for Reservation of a Name
N$75.00 (CC8 Form) Before registering a company in Namibia, it is necessary to reserve a name for the company. The fee for reserving a name in Namibia is N$75.00. (Cost of registering a business in Namibia)
Change of the End of the Current Financial Year
N$100.00 (CC9 Form) If a company wants to change the end of its current financial year, an application must be filed with the Registrar of Companies. The fee for changing the end of the current financial year in Namibia is N$100.00. (Cost of registering a business in Namibia)
Consideration of an Objection to a Name
N$450.00 If someone objects to the use of a company’s name, an application must be filed with the Registrar of Companies. The fee for the consideration of an objection to a name in Namibia is N$450.00. (Cost of registering a business in Namibia)
Inspection into a Corporation File in the Registration Office (business registration fees)
- Personally by Applicant – N$10.00
- On Written Request of an Applicant (Includes up to 20 Photocopies of Documents Thereafter 0.50c per Copy) – N$20.00 If someone wants to inspect the file of a registered company, they can do so by visiting the registration office or by making a written request. The fee for personal inspection in Namibia is N$10.00, and the fee for a written request is N$20.00, which includes up to 20 photocopies of documents. (Cost of registering a business in Namibia)
Photocopies (business registration fees)
Photocopy of a Document, Approximately 298mm by 210mm in Size or Smaller (Per Copy) – N$1.
It is also important to know the fees associated related to copyright registration in Namibia. The following table outlines the fees for acts and services related to copyright registration. (Cost of registering a business in Namibia)
The Ultimate Guide to Company Application Fees
Here are the other business registration fees for each service:
- Application for copyright per work – N$200
- Addendum on a book – N$50
- Application for amendment of a work before registration – N$100
- Application for amendment of a work after registration – N$100
- Copy of extracts from the register per page – N$10
- Copy of document per page – N$3
- Consultation of register – N$10
- Application for recognition as copyright owners’ collecting society – N$1000
In addition to the business registration fees mentioned above, businesses in Namibia may also need to pay for other services such as legal and accounting fees when registering a business. These business registration fees can vary depending on the complexity of the business and the services required. (Cost of registering a business in Namibia)
It is worth noting that the fees mentioned in the tables above are subject to change and may not be up to date. Business owners in Namibia are advised to consult with the Ministry of Industrialisation, Trade and SME Development for the most up-to-date fees and requirements. (Cost of registering a business in Namibia)
Registering a business in Namibia requires payment of various business registration fees such as registration fees, annual duty, and fees for additional services such as name reservation and document certification. Business owners should be aware of these costs and plan accordingly when starting a business in Namibia. (Cost of registering a business in Namibia)
The Ultimate Guide to Company Application Fees
How To Register A Trademark In Namibia | The easy guide
HOW TO REGISTER A BUSINESS IN NAMIBIA | Easy Guide
Amending a Founding Statement in Namibia: When and How to Do It
The Process of Registering a Founding Statement for a Close Corporation in Namibia
Annual Duty Requirements for Close Corporations in Namibia
Best Practices for Retaining Corporate Records in Namibia
Certification of Reproduction of Corporate Records on Microfilm
If you have more questions, look through our blog for answers!
