How do I start a business in Namibia?

How much do you need to start a business in Namibia?

Fees and timelines in 2021

Namibia LLC setup costs in Year 1 will amount to US$3,450 and annual company costs in Year 2 and thereafter will amount to US$2,180.

What small business can I start in Namibia?

What is the best business in Namibia?

  • Food Business Ideas In Namibia.
  • Organizing Private Classes For Students.
  • You Can Become a Web Designer In Namibia.
  • Start A Gym Business.
  • Photography Business In Namibia.
  • Start A Backyard Garden.
  • Create Your Own Blog.
  • Start A Cosmetic Business In Namibia.

What do you need to start a business in Namibia?

Setting up Business in Namibia

  1. registering a company or a branch;
  2. tax registration in Namibia;
  3. employee taxes;
  4. foreign exchange considerations;
  5. industry specific requirements;
  6. group structure tax and regulatory considerations.

What should I invest in Namibia?

Potential Areas for Business and Investment in Namibia

  • Extensive mineral deposits.
  • Diamonds, uranium, gold, copper, lead, zinc and other base metals.
  • Semi-precious stones and many types of dimension stones.
  • Value-addition encouraged.
  • Manufacturing (jewellery)

What are successful small businesses?

Most Profitable Small Businesses in 2020

  • Auto Repair. Taking a car to the shop for even simple repairs can be a challenge. …
  • Food Trucks. The food truck movement is slated to keep growing and growing. …
  • Car Wash Services. …
  • Personal Trainers. …
  • Academics Courses. …
  • Language Courses. …
  • Business or Marketing Courses. …
  • Party Services.
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Where can I register my small business in Namibia?

Where can I register my business in Namibia?

  • the Ministry of Finance (registration for VAT and Company Tax)
  • the Ministry of Labour.
  • the Ministry of Home Affairs (work permits, visas, etc.)
  • the Social Security Commission.
  • NAMFISA.

How do I get a business permit in Namibia?

Foreign nationals will need to provide the following documents during the work permit application process:

  1. A signed and completed application form.
  2. A passport that’s valid for at least three months beyond the projected expiration of the work permit.
  3. Two passport photographs.
  4. A letter from the employing company in Namibia.

How can I register my own business?

Four major steps to register a company/ startup in India:

  1. Step 1: Acquire Digital Signature Certificate (DSC)
  2. Step 2: Acquire Director Identification Number (DIN)
  3. Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
  4. Step 4: Incorporate or Apply for the company to be registered.

What businesses are needed in Namibia?

Opportunities abound in these areas as well:

  • Cutting and polishing of precious and semi-precious stones, marbles and granites.
  • Leather products.
  • Glass products.
  • Manufacturing of pharmaceutical products.
  • Down-stream processing of gas.
  • Cement manufacturing.
  • Steel manufacturing.
  • Textiles and garments manufacturing.