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Legal Forms of Companies

Limited Liability Company
Number of partners: 1 shareholder (50 maximum) and 1 director
Capital (max/min): No minimum capital requirement
Shareholders and liability: The liability of the owner is limited to the initial investment.
Public Liability Company
Number of partners: 7 shareholders and 2 directors
Capital (max/min): No minimum capital requirement
Shareholders and liability: The liability of the owners is limited to their initial investment.
Sole Proprietorship
Number of partners: 1 shareholder
Capital (max/min): No minimum capital requirement
Shareholders and liability: Unlimited liability
Close Corporation
Number of partners: 2 shareholders (10 maximum)
Capital (max/min): No minimum capital requirement
Shareholders and liability: The liability of the owners is limited to their initial investment.
Partnership or joint venture
Number of partners: 2 shareholders (20 maximum except in certain cases)
Capital (max/min): No minimum capital requirement
Shareholders and liability: Unlimited liability
Setting Up a Company Namibia Sub-Saharan Africa
Procedures (number) 10.0 7.5
Time (days) 54.0 21.3

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Namibia.

Find out more about Operating a Business in Namibia on GlobalTrade.net, the Directory for International Trade Service Providers.

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Actualitzacions: April 2022

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