Namibia - Namibia - Commercial Farming, Fishing, Mining, and Tourism in Namibia: Nominally, Namibia is a lower-middle-income economy with a per capita gross domestic product (GDP) that is significantly above average for countries in sub-Saharan Africa. The Central Bank of Namibia launched an independent currency, the Namibian dollar, to replace the South African rand in the mid-1990s. He has been instrumental in launching several local brands and has hosted workshops on brand management and social media marketing. Other important minerals include tin, lithium, lead, cadmium, zinc, copper, tungsten, and silver. Birds are easy to rear; they breed fast and quickly mature to market weight. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Both employers and employees contribute 0.9% up to a maximum remuneration of NAD108, 000 per year. Transportation is dominated by Trans-Namib, a public-sector rail, road, and airline operator. You can start in Namibia to earn money. PDF BUSINESS - Namibia Economist These are statutory requirements as per the Companies Act of 2004 and the Close Corporations Act of 1988. An Industrial Design, or design, regards the shape of a product, i.e. The Ministry of Public Enterprises(MPE) operates a number of programmes to align, integrate and oversee the functions and responsibilities of the 98 parastatals, and to benefit from synergies between the State Owned Companies . If you are hard working and wish to test your culinary skills, you can opt for this business choice. It is vital that you do research when you want to register your business, to ensure that it is registered with all the relevant authorities. Copyright. The owner is responsible for the finances of the business and receives all profit. 0000003534 00000 n
Value Added Tax on goods and services ranges between 0% and 15%. 6. 1. The 50 Best Business Ideas In Namibia [2023] - Starter Story These cookies will be stored in your browser only with your consent. Thanks sir, Sale and Marketing Agent at GLOBAL GEAR TECH. There are some key elements that you must assess before committing to any business venture. NAMIBIAN CORPORATE STRUCTURES When investing in Namibia one of the first aspects to be considered by an investor is the type of entity or structure through which the operations in Namibia are to be conducted. The business entails having a shop or space you stock up with basic house hold items and products that people use and need on a daily basis. Analytical cookies are used to understand how visitors interact with the website. The benefits the industry poses has caused an emergency action by the government to introduce several attractive incentives for new and existing farmers in the sector. We also use third-party cookies that help us analyze and understand how you use this website. IP rights are enforceable rights over creations of the mind. You can also start as a street food vendor selling cooked meals in slums and rural areas where people do not have enough money to buy cooked meals from restaurants. Some business types require that you regularly submit certain financial statements this might be an additional financial burden on a small business. You might feel like telling everyone about your new product or service. The type of business you register will depend on whether you intend to make profit or not; and the number of owners in the business. The easiest way to purify water is to sip diluted chlorine in it, but export and transport costs were too high to cover all of Namibia. Development paradigm does not need to be either or! 0. African Countries especially Namibia is a good place to set up a business. Here Are Some Of The List of Business in Namibia Namib Mills Namibia Breweries Limited Namibian Broadcasting Corporation Namibian Port Authority Air Namibia Bank of Namibia Bank Windhoek Bidvest Namibia Development Bank of Namibia FIDES Bank Namibia Gazza Music Productions Kalahari Express Airlines Mshasho Productions MTC Namibia Dont look to get rich quick. The Social Security Commission is involved in collecting contributions, registration of employers and employees, and investment of funds. You Can Become a Web Designer In Namibia. Barbing Salon The small and medium-sized enterprises (SMEs) play an essential role in the economy of a country. Home Blog Top 15 Small Business Ideas In Namibia To Start 2023. The 11 percent of GDP produced by the agricultural sector contrasts sharply with the 35 percent of Namibians dependent on it for employment. Namibian civil engineer Immanuel Hango created a revolutionary method for water purification. Namibia started backing up small businesses and entrepreneurs after they saw how impactful new technologies all over Africa were. For those who want more ideas, check out this websitehttp://businessideasnamibia.com, Student Library Assistant at University of Namibia, This is really a masterpiece of business writing. The best thing about her products is that she donates a small amount to local entrepreneurs for every completed purchase. 10 Business Ideas And Opportunities In Namibia Although it does not border Zimbabwe, a part of less than 200 metres of the Zambezi River (essentially a small bulge in Botswana to achieve a Botswana/Zambia micro-border) separates the two . They are proud of the fact that their products are handmade from 100% cotton and can be customized per customers requests. The laundry business is an excellent Small Business Idea In Namibia. Transportation Business The Namibian Ministry of Trade and Industry (MTI) in its SME policy from 1997 defines SMEs as manufacturing companies, employing less than 10 people, reaching a turnover of less than N$1 000 000 and having a capital basis of less than N$500 000. 5. Landscaping is a good business idea to start if you have some experience and knowledge of gardening, landscaping, or lawn care activities. trailer
But despite the countries rapidly growing economy, employment opportunities are still limited for a native, which has pressed Mauritian to create employment opportunities of their own. }/FbBy,o[v\,-j\Fj8%"C5 ~$BT'JlHg SMEs shore up the expansion of systemic productive capability. This is an old tried and tested business. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. You can apply at any BIPA office or online. You will reach many people and do a lot of business if you know how to promote your agency. November 21, 2022 Another way is to join Taxi-hailing apps like Uber or Bolt, which have good business ideas for Namibia. Football Viewing Center Exports constitute up to 90 percent of the goods produced. Create Your Own Blog. Business For Africans The most profitable landscaping businesses offer private homes services because they need regular maintenance for their gardens and lawns. When registering a company in Namibia, you will need to fill essential details on different company registration forms. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories can apply for registration. Food Business Ideas In Namibia. A handful of large road-transport companies compete with larger numbers of small haulers. The most profitable bakery business is the one that offers delivery services because they reach more customers than physical stores do. You can also conduct BIPA name search online as well as conduct application status check. Your email address will not be published. Market Opportunities Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities. Start a blog 10. Transport infrastructure is reasonably good, with main routes through the Caprivi Strip (and thence to Zambia and Zimbabwe) and to Botswana being upgraded. 0000004983 00000 n
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Are you looking for a list of business opportunities in Namibia? %%EOF
10. Tammy Knott is awarded the title Lioness of Africa with reason. The laundry businesses are very profitable because people usually need them. Are you a food lover or cook? They outnumber large firms considerably, employ vast numbers of people and are generally entrepreneurial in nature, helping to shape innovation. So if you have a website and social media accounts where to advertise your business, you can make a lot of sales. List of SMEs in Namibia - 2023/2024 Rural development efforts aimed at small farmers and a 1991 land conference to explore land policy point to agricultural improvements in favour of Black (and female) farmers, but major results are expected only in the medium term. Copy of Company Registration Certificate. Start A Backyard Garden 7. One of the countries that created a friendly environment for entrepreneurs is Namibia. How to start a Business - BIPA Guide for Beginners - Economist 0. Namibia - Market Overview - International Trade Administration Additionally, its business-friendly legal and regulatory framework, sound financial system, and stable foreign exchange reserves attract local and foreign investors. These ideas are geared towards young high-school graduates, university students and established business owners, but they can be used by anyone who will benefit from them. While the United States is among Namibia's top ten trading partners, imports into Namibia are dominated by South Africa, which is the source of 45 percent of Namibia's total imports. Others use transport to move their goods from one place to another. Air Namibia flies to national and regional destinations and to Europe. PDF ENTREPRENEURSHIP IN NAMIBIA - Theseus List of companies of Namibia - Wikipedia Start an affiliate marketing business 7. Start A Backyard Garden. Strategic growth areas include light engineering, building materials, and salt- and natural-gas-based chemical processing, plus import substitution and consumer goods. They are time or use bound, exclusive rights enabling the owner to exclude others from engaging in a variety of acts related to the subject matter, subject to exceptions and limitations defined in national law and allowed by international treaties. By clicking Accept All, you consent to the use of ALL the cookies. Start a travel agency 6. Many people from other countries come to Namibia on holidays or business trips but cannot find hotel rooms reasonably. Do you have small amount of money but you dont have any business idea. For this business you need to understand what people want to buy, and build connections with suppliers who can provide you with the goods. Following the successful registration of a company in Namibia, it is essential to ensure compliance with other relevant institutions such as; It is essential that all businesses register for tax. The owners are called shareholders. Profitable Businesses In Namibia You Can Start With Little Capital 0000006837 00000 n
Protecting your IP in Namibia is done through the Business and Intellectual Property Authority (BIPA). The procedure for company registration in Namibia is similar across the different company types. You can choose to protect your intellectual property through registering: a Patent or Utility Model. The least profitable landscaping businesses provide commercial buildings or companies services because they require regular maintenance. 0000007089 00000 n
Food sales are good businesses to start in Namibia because people usually eat several times per day, and it is difficult for them to cook meals at home all the time. 1. Hi, great ideas. One of the objectives for the thesis is to create a She is a Managing Director of Leap Group, a business that operates in several industries. After all, clothes get dirty. If you are in Namibia or a Namibian/Investor planning on how to start a business in Namibia and which business to start, Below are 10 profitable business opportunities in Namibia you can start with little capital; Profitable/Lucrative Businesses You Can Start In Namibia With Little Capital. Any foreigner planning to establish a business in Namibia will need to obtain work permits and visas. This requirement might be an additional burden on your financial and human resources. This can be done by both Namibians or foreigners. Internet Business: Pay the registration fees and buy revenue stamps at the Receiver of Revenue. Maybe the most famous Namibian entrepreneur on our list, Ally Angula, made a great impact in commercial agriculture. You Can Become a Web Designer In Namibia. You can take advantage of this opportunity and start your own restaurant business in Namibia today. Doing business in Namibia will yield you profit. You can register either a Defensive Name (sole proprietorship), Closed Corporation (a CC) or a company. Dominic Onyedikachi Depending on the type of business you are registering, you must complete the relevant forms and attach the required supporting documents. On this Article You will find out How. It's really just about finding a solution to a problem. The first step in registering a business is deciding what type of business entity you want to register. PDF Small and Medium Enterprises in Namibia - TECHNOSOL They are responsible for large contributions to value added and employment. The main business sells cosmetic products like nail polish, other skin and hair products. Cosmetics businesses are a good business idea. startxref
This is granted to authors, artists and other creators for the protection of their literary and artistic creations, i.e. Store the precious oil during the peak times and sell it during the off-season. Best Business Opportunities To Start In Namibia 1. 0000004738 00000 n
Once your proposed company name is approved, you can apply for a Certificate of Incorporation (CM1) and a Certificate to Commence Business (CM46). Nominally, Namibia is a lower-middle-income economy with a per capita gross domestic product (GDP) that is significantly above average for countries in sub-Saharan Africa. You can start a laundry service like dry cleaning or washing clothes with whatever equipment you have, like a washing machine at home. Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. 0000000853 00000 n
Ever considered football fanaticism a chance to make a living ? An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Commercial farming (undertaken predominantly by white settlers) is concentrated on the production of Karakul sheep and beef for export. However, you may visit "Cookie Settings" to provide a controlled consent. OkHUI? Some institutions, like banks, and investors, will require that you share your ideas and plans with them. The abbreviation SME is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Who doesnt like spending less for Copyright 2023 MicroStartups.org. 5490 26
Therefore, the cultivation of rice can be a guaranteed idea to start a business and a fruitful source of profits. The key is to keep your customers happy. xref
Until now, running a cyber cafe has been a huge capital intensive business. They help to absorb productive resources at all levels of the economy and add to the formation of flexible economic systems in which small and large firms are interlinked. Bear in mind that certain business types require that you regularly submit financial statements to the Ministry of Finance. Such linkages are very crucial for the attraction of foreign direct investment (FDI). Start small, focus on quality, charge reasonable prices and build your customer base. The cookies is used to store the user consent for the cookies in the category "Necessary". -----------------------------------------------------------------------------------------------------------------. 0000036197 00000 n
The key is to keep them happy so you can make a steady income and gain referrals. The most profitable laundry businesses use advanced washing machines to make them faster and more efficient. 0
Types of Business Entity - Namibia. List of Business in Namibia - 2023/2024 We also use third-party cookies that help us analyze and understand how you use this website. The car washing business is a service industry that can help you earn a lot of money if done well.