Namibia Investment Promotion and Development Board
LEGAL, POLICY AND INCENTIVES
FRAMEWORKS
Our focus lies in identifying, executing, and relaying critical legal and policy reforms, alongside suitable incentives, to establish a favourable business ecosystem and foster trust-based relationships with our investors.
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.
TRADE AGREEMENTS AND MARKET ACCESS
Namibia has a robust economic foundation in its trade agreement regime. As a member of numerous regional and international trade agreements, these agreements have been critical in shaping Namibia’s trade policies and facilitating market access for its products.
Each trade agreement has unique provisions, typically aimed at reducing trade barriers and offering a more predictable and transparent trade and investment environment. This, in turn, makes it easier and more cost-effective for firms to trade goods and services in international markets.
Since gaining independence in 1990, Namibia has entered into several trade agreements. The country joined the World Trade Organization (WTO) in 1995. Namibia is also part of the Southern African Customs Union (SACU) and is bound by the SACU agreement established in 2002. Additionally, Namibia has successfully concluded Free Trade Agreements (FTAs), Economic Partnership Agreements (EPAs), and Preferential Trade Agreements.
Namibia has been a beneficiary of African Growth and Opportunity Act (AGOA) since its inception in 2000. AGOA is a U.S. law that grants trade preferences to various Sub-Saharan African countries.
Namibia’s oldest bilateral preferential trade agreement, concluded in 1992 with Zimbabwe, remains in force today. Here below is a full list of all trade agreements concluded to date.
QUICK LINKS
Get in touch with us
- Investment House
- Cnr. of Garten & Dr. A B May Streets
- Private Bag 12039
- Windhoek, Namibia
- info@nipdb.com
- +264 (0) 83 333 8600
Work Hours
- Monday - Friday
- 08:00 am - 05:00 pm