Generalizes on the best strategy to enter the market, e.g., visiting the country; importance of relationships to finding a good partner; use of agents.
In 2020, Namibia created the Namibia Investment Promotion and Development Board (NIPDB) to replace the former Namibia Investment Center (NIC). The NIPDB is an entity within the Office of the President. The NIPDB advises investors on procedures for entering the Namibian market and establishing a business. NIPDB’s services include assisting investing companies with registration* and facilitating applications for work permits.
In order to do business in Namibia, it is helpful (though not required) to have a local presence or a local partner. It may be worthwhile to establish business relationships before tender opportunities are announced. U.S. firms should seek local partners with a good reputation in their line of business or a complementary business. The World Bank’s Doing Business 2019 report notes that it takes ten procedures and an average of 66 days to start a business. Some accounting and law firms provide business registration services.
The Business and Intellectual Property Authority (BIPA) is a one-stop-center for all business and intellectual property rights (IPR) registrations and related matters. In 2017, the Ministry of Industrialization and Trade (MIT) launched NamBizOne, a single-window information portal to guide domestic and foreign investors on the administrative and legal requirements to invest, start, and run a business in Namibia.