Namibia

Ease of Doing Business in

Namibia

This page shows summary Doing Business 2012 data for Namibia. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Sub-Saharan Africa
Income Category Upper middle income
Population 2,212,037
GNI Per Capita (US$) 4,650.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
78 74 down -4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 125 126 up 1
Dealing with Construction Permits 52 52 No change
Getting Electricity 105 106 up 1
Registering Property 145 127 up -18
Getting Credit 24 21 up -3
Protecting Investors 79 74 up -5
Paying Taxes 102 100 up -2
Trading Across Borders 142 142 No change
Enforcing Contracts 40 41 up 1
Resolving Insolvency 56 54 up -2

Economy Profile

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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 2012 Rank 125 DB 2011 Rank 126 Change in Rank up1
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 8 5

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 37 12

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.

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Cost (% of income per capita)
17.2 81.2 4.7

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.

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Paid-in Min. Capital (% of income per capita)
0.0 129.8 14.1
No. Procedure Time to Complete Associated Costs
1 Obtain the approval for a company name from the Registrar of Companies. 18 days included in the cost of registration
2 Pay the registration fees and buy revenue stamps at the Receiver of Revenue 1 day NAD 270
3 Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. 14 days about NAD 5,750+ NAD 556 notary fees
4 Deposit the initial capital in a bank account. 1 day no charge
5 Apply for a town planning certificate. 1 day no charge
6 Apply for a trading license from the local municipality. 1 day NAD 47.00 to NAD 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 PAYE with the Receiver of Revenue. 4 days (simultaneous with previous procedure) no charge
9 Register workers with the Social Security Commission. 21 days NAD 10 per employee
* 10 Register workers with the Workmen’s Compensation Commission 20 days (simultaneous with procedure 9) no charge
* Takes place simultaneously with another procedure.

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