You know the feeling. Internet Business: Website design? A well-known example is the KFC logo. Click here to learn how to use the internet to boost sales through Clickfunnels. The laundry businesses are very profitable because people usually need them. Here are some of the best small businesses you can start in Namibia. There are lots of small business opportunities in Namibia. It is important to pay your Annual duties on time every year, because you can incur fines for late payments. SMEs also play an important role in the political economy, helping to promote and strengthen reforms. It is also wise to consult with your local authority, i.e. Thus, it is considered a money-making activity. You can use social media sites like Facebook to advertise your business and build your brand. They especially buy them to get a reasonable price or steal and sell in the black market. The procedure for company registration in Namibia is similar across the different company types. Defensive Name, CC, Company, etc), but the standard attachments to the forms are usually: Proof of identity of owners or shareholders and witnesses (Foreign Passports must be accompanied by a sworn declaration under oath); The prescribed application forms for the respective business type; Original consent Letter from an accountant (in the case of CCs); Cell phone numbers of all members/directors and witnesses; At the time of writing, the option to lodge business applications online is not available yet. 10 Business Ideas And Opportunities In Namibia Furthermore, certain laws might require that you also register your business with another authority. The Namibian dollar (N$) is pegged one-to-one (1:1) to the South African Rand (ZAR). Y`4NnfW7=7A}E|;,v\hJ11 7~Iz[;:D{2A2Yb|HAvpk^)FmpP|SHOxO8$nFI+ ~pw/)W) Xx=d$|UM! <]>> It has been damaged by drought and drops in world prices, but in the early 1990s Karakul prices, a commitment by the European Community (EC) to purchase beef, and relatively good weather improved short-term prospects. Cyber Cafe Economy of Namibia - Wikipedia Are you looking for a list of business opportunities in Namibia? Mobile Phone Sales Business in Namibia, Top 15 Small Business Ideas In Zimbabwe To Start 2023, Top 15 Small Business Ideas In Botswana To Start 2023, Check Nigerian Navy BTS Batch 35 Shortlisted Candidates 2023 (PDF), MENA Digital Summer School 2023 for Aspiring Innovators, TSC Internship Recruitment Form 2023/2024 (20,000 Positions), TSC Kenya Shortlisted Candidates 2023/2024 (Full List), Kericho County Recruitment Form 2023/2024 Application Portal, CBK Internship Recruitment 2023/2024 Application Form Portal, CBK Internship Shortlisted Candidates 2023/2024 (Full List), Kericho County Public Service Board Shortlisted Candidates 2023/2024 (Full List), Kenya Forest Service Shortlisted Candidates 2023/2024 (Full List), Kenya Forest Service Recruitment Form 2023/2024 (4000 Positions), 50 Most Important Lessons In Life We Learn Too Late, Top 10 English-Speaking Countries In Africa 2023, 17 Funny Phone Numbers To Call For Pranks or When Youre Bored, How To Spend Your Free Time Meaningfully 12 Things To Do, 12 Different Types Of Poems And How To Write Them, Top 100 Unique Girl Names With Meaning You Will Love, Top 10 Best Culinary Schools in Europe 2023, Top 10 Highest Paying Countries For Caregiving, Top 10 Highest Paying Countries For Accountants 2023, Top 10 Most Successful Independent Music Artists. You can also offer beauty services such as manicure, pedicure, or makeup. A trademark is a sign, symbol or a business identity that helps businesses to distinguish themselves from others in terms of their products or services. You can do that using the social share buttons below; Your email address will not be published. Office workers are usually totally engrossed in their work, work long hours and often have little time to shop. a Trade Mark. These Namibian entrepreneurs are an inspiration to all of us who want to achieve great things. SMEs are not limited to any particular type of industry or service, and can include small manufacturing facilities, small processing units, trading companies, export-import companies, distribution, retailing, rental, service company, etc. What are the best Small Business Ideas And Opportunities In Namibia? 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. Have you been trying to start your own profitable Recharge Card Business In Namibia? Deposit the initial capital in a bank account. For example, financial and insurance institutions are required to register with the financial regulatory authority, Namfisa. You can also conduct BIPA name search online as well as conduct application status check. Annual Returns are lodged at the end of each financial year by a Company and CC to the Registrar of Companies at BIPA. She just saw an opportunity, a gap in the market, and grabbed it. But that summary is misleading. Entrepreneurs in Namibia can count on numerous subventions from the government to help them start their businesses. The abbreviation SME is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization. What small business can I start in Namibia? They outnumber large firms considerably, employ vast numbers of people and are generally entrepreneurial in nature, helping to shape innovation. Only one-quarter of all Namibians and only one-sixth of Black Namibians have adequate incomes; up to two-thirds . This cookie is set by GDPR Cookie Consent plugin. Pay the registration fees and buy revenue stamps at the Receiver of Revenue. And the step is on smooth soil. You can start this business by buying an old car, fixing it, and then painting it yellow so that people will quickly know you offer taxi services. During his childhood, he promised himself that he will work hard and earn enough money so his mother would never have to work again. Imports originate predominantly in South Africa as a result of long-standing business links, proximity, and, until 1992, Namibias membership in the Southern African Customs Union. IP rights are enforceable rights over creations of the mind. This cookie is set by GDPR Cookie Consent plugin. Thank you. Lastly, if you registered a company or a CC, you will be required to do annual returns and pay annual duties. We also use third-party cookies that help us analyze and understand how you use this website. Reorganization of land, housing, and development banks was begun after independence. You can start this business by purchasing some jewelry, learning how to make it yourself using online tutorials, and promoting your business by word of mouth. The most profitable car wash businesses offer services like car detailing because people with high incomes are willing to spend more money on their cars. You can start a laundry service like dry cleaning or washing clothes with whatever equipment you have, like a washing machine at home. 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. Snail rearing is an effortless task, as it requires less expenditure on food and shelter. Are you an entrepreneur searching for small business to invest on? Innovation and change matter to so many companies and organisations, but what are they? Baking and cake making is a profitable business that you can start with little capital because you need only a tiny oven to bake cakes, pastries, or bread. It's really just about finding a solution to a problem. Many people in Namibia use motorcycles as it is the cheapest way to travel from place to place. 2. These cookies will be stored in your browser only with your consent. To set a business in motion, an entrepreneur needs to evaluate the commercial feasibility, market status and future possibilities . Hes always developing new projects and actively trying to improve the quality of life in rural communities. 0000000016 00000 n Motorcycle Repair Business in Namibia, 12. Can you draw or design jewellery? Last published date: 2021-10-20 Namibia imports almost all consumer goods and exports most of its primary resources, largely unprocessed. Once you know what type of business you want to register, you must decide on the name that you want your business to be known by. To register your Intellectual Property you need to complete and submit the required forms with BIPA. the Namibians markets are always willing to pay for them. Upon approval of the proposed name, you can apply for its reservation. Rice production is considerably low in Namibia in comparison to its consumption rate. If yes, a great crowd of fanatics are out there to help you. Some business types require that you regularly submit certain financial statements this might be an additional financial burden on a small business. Agriculture What role do SMEs play in economic development of a country? Maybe you have a passion for creative writing, dancing or even We also use third-party cookies that help us analyze and understand how you use this website. 1. However, in the event that the business fails, the owner becomes fully liable for all debts incurred by the business. For example can you play a musical instrument? This article is going to discuss how to start a hotel business in Namibia. Superimposed on these factors are near-stagnant wage employment and the collapse of the local economy that arose owing to the presence of South African troops and, later, UNTAG units in the northern towns. 0000003902 00000 n Computer sales are also a good business to start in Namibia. While this industry remains a great source of revenue for the country, a few individuals are taking advantage of it to create fascinating businesses. There are different forms for different types of businesses (i.e. Scarcity and quality of water are one of the biggest problems in Africa. The key is to keep them happy so you can make a steady income and gain referrals. You need a patent if you have created an invention. Another way is to join Taxi-hailing apps like Uber or Bolt, which have good business ideas for Namibia. List of Business in Namibia - 2023/2024 0. Refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce. You Can Become a Web Designer In Namibia. This collection of profitable business ideas was inspired by my observations of market gaps in various sectors on Namibia's economy. 0000006094 00000 n 0000042424 00000 n PDF ENTREPRENEURSHIP IN NAMIBIA - Theseus Copyright 2023 | WordPress Theme by MH Themes. Let their examples be your guide that anything is possible if you are persistent enough. Tammy Knott is awarded the title Lioness of Africa with reason. Namibia. Landscaping is a good business idea to start if you have some experience and knowledge of gardening, landscaping, or lawn care activities. The laundry business is an excellent Small Business Idea In Namibia. Then advertise the services using social media sites like Facebook or by word of mouth. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. VAT Good Standing Certificate not older than 3 months. Namibia - Market Overview - International Trade Administration Other important minerals include tin, lithium, lead, cadmium, zinc, copper, tungsten, and silver. That just says something about people who spread those rumors. The owner is responsible for the finances of the business and receives all profit. They represent a source of entrepreneurship abilities, innovation and creation of new jobs. Unemployment will be reduce if Namibia will be more Problem solvers (ENTREPRENEURS) Rather than problem creators, thats the purpose of this Article. The business also involves buying goods in bulk at wholesale prices and sell to consumers at retail prices to be able to make a profit. 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. The ministry supplies technical information to employers and workers concerning the most effective means of complying with the law. Agriculture in Namibia as a source of income is still highly beneficial for the nation and other Africa as a continent, because of the abundance of farmable lands and an increase in the number of yearly entrants. Start an affiliate marketing business 7. As there is an absence of high-quality schools in Namibia, tutoring can fetch you high income. Namibia - Market Opportunities - International Trade Administration Analytical cookies are used to understand how visitors interact with the website. Namibia is a country located in Southern Africa with 2 million plus citizens. It does not require much capital because all you need is a small shop or space to sell your products. Restaurant Business When your business is registered, you can pay and claim VAT, you can sell shares in your company and approach investors, you are protected in terms of specific acts and legal instruments, and the list of benefits continues. IP refers to inventions, literary and artistic works, designs, symbols, names and images used in business. If you can provide Internet connection at fair prices, throw in the occasional offer, and advertise smartly you could earn plenty of money. exceptional and create your own brand. The main business sells cosmetic products like nail polish, other skin and hair products. However, you may visit "Cookie Settings" to provide a controlled consent. PDF How to Register a Business in Namibia 1 - Gov The Social Security Commission is involved in collecting contributions, registration of employers and employees, and investment of funds. Many people are making billions from this Diesel Supply Business. 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 . His procedure helped to stop the spreading of cholera and hepatitis E in the whole Namibia and throughout African countries. Annual Duties are the amount payable to BIPA in respect of the annual return that is lodged. Start A Gym 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 Necessary cookies are absolutely essential for the website to function properly. You need to reflect on your investment needs and take the next crucial step into establishing your business. Hundreds of millions of hours are spent daily by those who have personal devices for accessing the internet, and another hundreds of millions of hours in Cyber Cafe by those who doesnt have their own Laptop and internet connection. Protecting your IP in Namibia is done through the Business and Intellectual Property Authority (BIPA). Cosmetics businesses are popular in urban areas like Nairobi, Mombasa, or Kisumu, where many people can afford your services or products. 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. 0000035864 00000 n The cookies is used to store the user consent for the cookies in the category "Necessary". Legal responsibility is minimal. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. However, you may visit "Cookie Settings" to provide a controlled consent. 0000033540 00000 n Thus, it is considered a money-making activity. As you read through this list, you will discover some of the best, low capital business ideas in Namibia that are proving to be very profitable. Once you decide on the type of company you want to set up, you will need to decide on a name that your business will be identified with. Namibia is a land of great opportunities, especially for those who are willing to take the plunge. The cookie is used to store the user consent for the cookies in the category "Performance". Transportation is dominated by Trans-Namib, a public-sector rail, road, and airline operator. The main economic sectors include: Mining The mining industry is one of the biggest sectors in Namibia accounting for about 25% of the country's revenue. These cookies track visitors across websites and collect information to provide customized ads. You Can Become a Web Designer In Namibia. 0. It is important to note that there are several ways for you to protect your intellectual property (IP), namely through trademarks, patents, designs and copyright. Copyright 2023 | WordPress Theme by MH Themes. 0000004688 00000 n Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. It does not store any personal data. Name reservation applications take about 3 days to be approved, on condition that the application is in order. 0000007089 00000 n The following are the registration forms for the different types of companies. Forms are available at www.bipa.na under the downloads tab. It is advised that, before you register a business, you talk to a legal or financial person about the positives and negatives of each business type. This is largely a result of the insatiable worldwide demand for food, which doesnt just make it a highly profitable business for building entrepreneurs, but also one of the best recession proof business ideas to explore.