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Trade & Investment

Investment
Legal and Policy Framework
Foreign Investment Act, No. 24 of 1993
Main provisions:



  • Promotes free market economy in Namibia

  • Equal treatment of national and foreign investors

  • Full protection of investment

  • No prescription of local participation

  • Repatriation of profits


Responsible Authority

Namibia Investment Center, Ministry of Trade and Industry
Export Processing Zone (EPZ) Act, No. 9 of 1995
The Namibian EPZ Regime



  • Vehicle for attracting export-oriented domestic and FDI into the manufacturing sector

  • Tax and duty free environment

  • Export oriented (outside SACU)

  • Local sales are conditional and dutiable

  • Free dealing in foreign currency

  • Free repatriation of capital and profits

  • Free location of enterprise anywhere in Namibia


Responsible Authority

The Offshore Development Company
Investment Opportunities
  • Mining of Minerals and Base Metals
  • Quarrying of Marbles and Granite
  • Horticulture (fruit & vegetable production)
  • Aqua and Mariculture farming
  • Pharmaceutical (indigenous plant beneficiation)
  • Glassware and ceramic production
  • Manufacturing (general)
  • Leather and Garments
  • Industrial and chemical product manufacturing with Namibian salt
SPECIAL INCENTIVES FOR MANUFACTURERS, EXPORTERS AND EPZ ENTERPRISES
  Registered Manufacturers Exporters of Manufactured Goods Export Processing
Eligibility and Registration Enterprises engaged in manufacturing.
Application to the Ministry of Trade and Industry and approval by the Ministry of Finance.
Enterprises that export manufactured goods whether produced in Namibia or not.
Application and approval by the Ministry of Finance.
Enterprises engaged in manufacturing, assembly, packaging or break-bulk and exporting mainly to outside of SACU markets.
Application to the EPZ Committee through the ODC or EPZMC.
Corporate Tax Set at a rate of 18% for a period of 10 years, where after it will revert to the general prevailing rate. 80% allowance on income derived from exporting manufactured goods. Exempt
VAT Exemption on purchase and import of manufacturing machinery and equipment. Normal treatment Exempt
Stamp and Transfer Duty Normal Treatment> Normal treatment Exempt
Establishment Tax Package

Negotiable rates and terms by special tax package. Not eligible Not eligible
Special Building Allowance Factory buildings written off at 20% in first year and balance at 8% for 10 years Not eligible Not eligible
Transportation Allowance Allowance for land-based transportation by road or rail of 25% deduction from total cost. Not eligible Not eligible
Export Promotion Allowance Additional deduction from taxable income of 25% Not eligible Not eligible
Incentive for training Additional deduction from taxable income of between 25% and 75% Not eligible Substantial, issued by Government on implementation of approved training programme.
Industrial Studies Available at 50% of cost Not eligible Not eligible
Cash Grants 50% of direct cost of approved export promotion activities. Not eligible Not eligible

Visa Payment

Payment for Visa Fees

All clients/customers are kindly advised to deposit their cash payment at First National Bank, through the Mission's bank account. (No cheque deposits allowed) :

Bank Name       First National Bank
Account Name       Namibia High Commission - Home Affairs
Account No       62130417969
Branch Code       251 345
Branch Name       Brooklyn
SWIFT Code       FIRNZAJJ