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Fees and timelines in 2024

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 types Cost Draft invoice
Tax resident LLC US$11,900 View invoice PDF
PLC US$11,900 View invoice PDF
Branch of a foreign company US$13,100 View invoice PDF
Fast nominee LLC US$23,850 View invoice PDF
Trust company US$12,950 View invoice PDF
Free zone company US$11,750 View invoice PDF

Other fee considerations

Timelines

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

Service LLC PLC Branch
Engagement Planning 2 weeks 3 weeks 4 weeks
Company incorporation period 4 weeks 8 weeks 8 weeks
Bank Account approval 4 weeks 3 weeks 4 weeks
Internet banking approval 3 weeks 1 week 1 week
Engagement completion 1 week 1 week 1 week
Total engagement period 14 weeks 16 weeks 18 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