The Namibian Government under its five year medium term Fourth National Development Plan (NDP4) of Vision 2030 launched in 2012, identified four Priority Sectors and five enablers to deliver job creation, reduce income inequality and achieve sustained economic growth.
The four Priority Sectors are Agriculture & Agro-Processing, Manufacturing, Logistics and Tourism. The enabling sectors that relates to investment are Infrastructure, Health, Education and Skills Development and Energy. While more resources are allocated in identifying, researching, developing and packaging investment opportunities in the targeted sectors, other sectors such as Mining, Filming and ICT are equally important for domestic and foreign investment.
Starting a Business in Namibia
- Visit www.bipa.gov.na for company registration.
- Visit www.mof.gov.na/inland-revenue for tax registration.
- After registration of company and once Company Registration Certificate is obtained, download, complete and submit Investor Work Permit forms to the Namibia Investment Centre (NIC) through the Commercial Office.
- Dividend or profit transfers are controlled but not restricted.
- Subsidiaries and local branches are treated as residents.
- N$4,000,000 is allowed to be transferred abroad by individuals.
- Restrictions on local financial assistance is limited where there is foreign ownership (Affected Person / EPZ status).
- Foreign Capital introduced into Namibia may be repatriated to its country of origin.
Minimum Conditions of Employment
Legitimate Working Hours per Day
- Normal working hours should not exceed 45 hours a week, except for security guards where maximum of 60 hours a week applies.
- 5 days working week not exceeding 9 hours a day.
- 6 days working week not exceeding 7.5 hours a day.
- Casual employees not exceeding 9 hours a day and two days a week.
- Shift workers, maximum 7.5 hours per shift.
Namibia has minimum wages for domestic workers, security guards, farm workers and construction workers. All wages are quoted in Namibian dollars (N$). The basic wage rates vary according to the location, its structure as well as industrial sector. In addition to salaries, most companies provide fringe benefits to its employees depending on the employee’s category in terms of position ranking.
Banks / Regulatory Framework
Namibia has a well-established banking system which is regulated by legislation and by state agencies working through the country’s central bank, the Bank of Namibia.
Bank of Namibia
Bank Windhoek Limited
First National Bank of Namibia Limited
Nedbank Namibia Limited
Standard Bank of Namibia Limited
Business Hours: 08h00 – 17h00 Government
Commercial Banking Hours: 09h00 – 15h30
The Foreign Investment Act of 1990 is currently under review and will be replaced by the Namibia Investment Act, which will include both foreign and domestic investment regulation.
Special Incentives for Manufactures, Exporters and EPZ Enterprises
Agriculture and Agro-processing
- Crop Production
- Animal Feed
- School Uniform Manufacturing
- Scrap Metal Beneficiation
- Automotive Accessories
- Marble and Granite Processing
Logistics and Transport Infrastructure
- Truck port – Walvis Bay
- Warehousing – SDI corridors
- Tourist Tented Camp – JV Opportunity
Education and Training
- Artisan Skills Colleges
- Independent Schools
- Renewable Energy (solar)
- Private Hospitals
- Public Private Partnerships
Information, Communication and Technology
- Innovation and Technology – All sectors
- Smart governance/e-governance