Company secretarial and administration services

Doing business in a foreign country can be daunting, and Namibia is no exception. For foreign investors bringing their know-how and business expertise to a developing country, it is important to focus their energy on their business, not on the red tape of administration matters. BDO’s efficient Company Secretarial services department is ready to assist new clients, from inception to repatriation of funds at the end of their ventures in Namibia. For further details on audit and assurance services, see our Corporate Profile.

KEY SERVICES

  • Background information on Doing Business in Namibia, assisting in determining the best form of entity to trade in
  • Registration of Companies, Close Corporations, Trusts, Joint Ventures, Partnerships or Branches
  • Statutory registrations
  • Opening of bank accounts
  • Statutory records maintenance and changes
  • Acting as Company Secretary
  • Liquidations, Estates and Deregistrations
  • Administration functions such as :
    • Work permit / visa management
    • Ministry of Mines and Energy liaison
    • Ministry of Trade liaison
    • Supplier management
    • Payments to Receiver of Revenue, Social Security etc

To find out more about these and other Company Secretarial services, contact your Service Manager, Amelda Sols.

RECENT DEVELOPMENTS

Did you know? Namibia’s Financial Intelligence Act (FIA) came into effect in 2009 as a means to combat money laundering. All accountable institutions, including BDO, are required to comply with this Act. We therefore need to obtain and verify certain identification documentation when dealing with clients. For more on this, Click here.

FAQ

I want to start a business on Namibia. What legal form entities are available to me?
Business may be conducted in the form of a private or public company, close corporations or trusts. Each has different advantages or disadvantages.
I am a non-resident in Namibia. May I still be a shareholder or director in my company?
Yes. There are however withholding tax, and Bank of Namibia requirements implications. Contact a BDO partner to advise you further.
Is it difficult to re-patriate funds to a non-resident shareholder?
Dividends are freely transferable, provided that Bank of Namibia requirements regarding investments in the company have been met. Interest, Management Fees and other payments are also freely transferable upon submitting proof of the expenses.
The Ministry of Mines in Namibia requires a resident person to be the agent for my business. Can you assist?
YES, our company secretarial department can act as the agent on your behalf.
I have no bank account in Namibia. How will I make payments to local authorities during the start up phase of my business?
You can make use of BDO’s client disbursement account, which is operated in the manner of a trust account. Funds can be transferred to this account, which is managed by BDO, and we will make the necessary payments needed on your instruction, authorization and approval.

For any further details on these questions, or any other questions you may have, click here.

ASK FOR QUOTE