Namibia

Ease of Doing Business in

Namibia

This page summarizes Doing Business 2015 data for Namibia. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Sub-Saharan Africa
Income Category Upper middle income
Population 2,303,315
GNI Per Capita (US$) 5,840
City covered Windhoek
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
88 80 down -8

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
62.81 63.04 down -0.23
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 156 DB 2014 Rank*** 152 Change in Rank down-4
DB 2015 DTF** (% points) 68.67 DB 2014 DTF** (% points) 68.46 Change in DTF** (% points) up0.21

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Namibia Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
10.0 7.8 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
66.0 27.3 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology
Cost (% of income per capita)
13.1 56.2 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
0.0 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Reserve a unique company name 18 days included in the cost of registration
2 Pay the registration fees and buy revenue stamps at the Receiver of Revenue 1 day ND 230 - ND 250
3 Hire an attorney to register the company with the Registrar of Companies and obtain the certificate of incorporation and the certificate of business commencement 14 days about ND 5,750+ ND 556 notary fees
4 Deposit the initial capital in a bank account 1 day no charge
5 Receive fire and health inspection 1 day no charge
6 Obtain the certificate of fitness from the local municipality 1 day ND 47.00 to ND 350 depending on the type of business
7 Register for VAT with the Receiver of Revenue at the Ministry of Finance 9 days no charge
* 8 Register for Pay-As-You-Earn (PAYE) tax with the Receiver of Revenue 4 days (simultaneous with previous procedure) no charge
9 Register employees with the Social Security Commission 21 days ND 10 per employee
* 10 Register employees with the Workmen’s Compensation Commission 20 days (simultaneous with procedure 9) no charge
* Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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