Namibia’s foreign investment space is currently governed by the Foreign Investment Act (27 of 1990).
The Foreign Investment Act will soon be replaced by the Namibia Investment Promotion Act (NIPA) which is currently being amended to particularly provide the private sector with greater room for growth, and inspire reinvestment in Namibia.
It’s important to note that various sectors are governed by their specific enabling laws and regulations, and it’s recommended that potential investors acquaint themselves with these sector-specific policies. This is especially crucial in instances where obtaining permits and licences are mandatory requirements for conducting business.
Namibia prides herself for having bilateral trade agreements with several counties, such as: Angola, China, Cuba, Austria, Finland, France, Germany, Ghana, India, Italy, Malaysia, the Netherlands, Tunisia, Zimbabwe, Russia, Spain, Switzerland and Vietnam.