Investing in Namibia: A Guide to Business Opportunities

Investing in Namibia: A Guide to Business Opportunities

Investing in Namibia: A Guide to Business Opportunities

Investing in Namibia can be a lucrative opportunity for foreign-owned companies, and this guide will provide an overview of the country’s advantages and requirements for investment. Namibia is a country located in southwestern Africa that boasts a stable political environment, an abundance of natural resources, and a thriving tourism industry.

Why Invest in Namibia?

Namibia‘s stable political environment and infrastructure make it an attractive investment opportunity. In addition, the country has an abundance of natural resources, including minerals, fishing grounds, and agricultural products, which provide opportunities for business growth.

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Investing in Namibia: A Guide to Business Opportunities

Namibia‘s Investment Admission Process

To invest in Namibia, companies must go through an admission process that includes providing a comprehensive business proposal and proof of financial resources. The following is a list of requirements for the admission process:

  1. Two passport-type photographs of each applicant
  2. Highest educational qualification
  3. Previous work references
  4. Police work references
  5. Marriage certificate (if applicable)
  6. Proof that the position was advertised (copy of advert to be attached)
  7. A motivating letter providing a synopsis of the applicant
  8. Comprehensive business proposal (business plan)
  9. Proof of financial resources/bank statement, list of assets, equipment and machinery imported into Namibia, audited reports
  10. Proof that the business was registered in Namibia (copy of registration certificate as well as share certificates to be attached)
  11. Copy of lease agreement of business premises or proof of ownership of business property
  12. Copy of CV
  13. N$80.00 handling fees to be paid at the Ministry of Home Affairs and Immigration
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Investing in Namibia: A Guide to Business Opportunities

Forms to be completed:

  1. Main application form
  2. Radiological report
  3. Medical report
  4. Deed of surety/Repatriation representation by employed/Work offer (employees only)
  5. Business questionnaire (all business people)
  6. Multiple visa entry form
  7. Outline for business plan
  8. Payable fees

Please note that all documents must be translated into English by an official translator.

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Investing in Namibia: A Guide to Business Opportunities

Advantages of Investing in Namibia

Namibia offers several advantages for foreign-owned companies looking for business opportunities, including:

  1. Preferential trade links to the 190 million inhabitants of the Southern African Development Community (SADC) as one of the 14 member states.
  2. Duty and quota free access to the South African market and others as a member of the Southern African Customs Union (SACU).
  3. Duty free access to the European Union for a wide range of manufactured and agricultural products as a signatory to the Cotonou Agreement.
  4. Duty and quota free access to the lucrative US market under the Africa Growth and Opportunity Act (AGOA).
  5. Attractive fiscal incentives in Africa via its Export Processing Zone (EPZ) regime.
  6. An advantageous legislative and fiscal environment and a government keen to foster the engines of economic growth and prosperity.
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Investing in Namibia: A Guide to Business Opportunities

Namibia‘s Economic Overview

Namibia‘s population as of 2011 was 2.32 million, with a population growth rate of 1.8%. The GDP in 2011 was US$12.30 billion, with a GDP growth rate of 3.8%. The GDP per capita in 2011 was US$4700. The key economic sectors/GDP in 2011 were 7.5% agriculture, 19.6% industry, and 72.9% services. The main exports from 2008-2011 were minerals, fish and fish products, live animals, and meat and meat products. The main export destinations were South Africa, United Kingdom, Angola, Canada, United States, Spain, Switzerland, Japan, Germany, Italy, and France. The main sources of imports were South Africa, India, Japan, China, United Kingdom, Netherlands and Germany.


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Investing in Namibia: A Guide to Business Opportunities

Frequently Asked Questions

If you have more questions, look through our blog for answers!

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