Namibia overview
Basic Facts
- Officially the Republic of Namibia
- Southern Africa country
- A member of Southern African Development Community (SADC)
- Namibian dollar (NAD) currency
- Mixed, civil law and common law legal system
- Parliamentary democratic republic
- High quality of life
- Double taxation agreements (DTAs) currently with over 10 countries
- English speaking
Reasons for doing business in Namibia
TOP 3
Strong democracy with a good governance and low corruption
Special Economic Zones (SEZs) program with tax incentives and benefits for companies
Source-based, territorial principle of taxation
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i.e. income/corporation tax is charged on the income or profits derived in Namibia only
More advantages
- Main Corporate income tax (CIT) rate of 30%
- Considerable tax incentives and allowances for manufacturing companies
- No Controlled Foreign Company (CFC) rules
- No capital gains tax
- No inheritance tax and gift tax
- No wealth tax
Company formation in Namibia
Do you need toestablisha company in Namibia? Then to administer it?
Are you looking for a reliable lawyer or accountant in Namibia?
Do you want to structure your international business in a correct way?
You do not know yet what do you need?
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