In order to remain a competitive investment destination, Namibia has created an enabling and nurturing business climate in which investors and local businesses can thrive. As a politically stable country, Namibia offers investors a peaceful environment, complemented by a young and highly trainable workforce and independent judiciary.
With a liberal foreign exchange and ownership regime, as an investor, you are guaranteed the ability to repatriate your profits obtained from operations in Namibia. In terms of company shareholding, while local partnerships are not a requirement, they are encouraged in order to build a sustainable business environment and economy based on inclusive growth.
To reward investors who set up businesses in Namibia, the country is currently reformulating the incentive framework which includes Special Economic Zones (SEZ). Being cognisant of the fact that the legislation framework could take a long time to enact, the NIPDB together with the Ministry of Finance and the Ministry of Industrialisation and Trade are in the process of drafting a “transitional tax incentive framework” to incentivise new investments while awaiting finalisation of the SEZ framework. This transitional framework will consider offering tax and non-tax incentives