Namibia

Ease of Doing Business in

Namibia

This page summarizes Doing Business 2013 data for Namibia. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Sub-Saharan Africa
Income Category Upper middle income
Population 2,324,004
GNI Per Capita (US$) 4,700
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
87 81 down -6

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
61.9 62.2 down -0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 133 130 up -3
Dealing with Construction Permits 56 51 up -5
Getting Electricity 87 102 up 15
Registering Property 169 148 up -21
Getting Credit 40 38 up -2
Protecting Investors 82 79 up -3
Paying Taxes 112 111 up -1
Trading Across Borders 140 140 No change
Enforcing Contracts 41 42 up 1
Resolving Insolvency 59 57 up -2

Economy Profile

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Additional Data

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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 2013 Rank 133 DB 2012 Rank 130 Change in Rank down-3
DB 2013 DTF** (% points) 68.0 DB 2012 DTF** (% points) 68.2 Improvement in DTF** (% points) down-0.2
YearNew business densityNumber of new limited liability companies
2011 0.563,213
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).

View methodology 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.

View methodology Time (days)
66 34 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.

View methodology Cost (% of income per capita)
18.5 67.3 4.5

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)
0.0 116.0 13.3
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 ND 270
3 Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. 14 days about ND 5,750+ ND 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 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 PAYE with the Receiver of Revenue. 4 days (simultaneous with previous procedure) no charge
9 Register workers with the Social Security Commission. 21 days ND 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.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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