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Fees and timelines in 2023

Fees

payment by instalmentNamibia LLC setup costs in Year 1 will amount to US$3,450 and annual company costs in Year 2 and thereafter will amount to US$2,180. The average fee per engagement amounts to US$11,900 including i) Namibia company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.

Different Namibia entity typesCostDraft invoice
Tax resident LLCUS$11,900View invoice PDF
PLCUS$11,900View invoice PDF
Branch of a foreign companyUS$13,100View invoice PDF
Fast nominee LLCUS$23,850View invoice PDF
Trust companyUS$12,950View invoice PDF
Free zone companyUS$11,750View invoice PDF

Other fee considerations

Timelines

The average Namibia company registration period is 14 weeks as outlined below:

ServiceLLCPLCBranch
Engagement Planning2 weeks3 weeks4 weeks
Company incorporation period4 weeks8 weeks8 weeks
Bank Account approval4 weeks3 weeks4 weeks
Internet banking approval3 weeks1 week1 week
Engagement completion1 week1 week1 week
Total engagement period14 weeks16 weeks18 weeks

namibia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Namibia, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
namibia-bank of namibia namibia-chamber of mines namibia-government namibia-ncci
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