Furthermore, registering a business gives you access to legal and financial frameworks that will enhance and protect your operations. We also use third-party cookies that help us analyze and understand how you use this website. They represent a source of entrepreneurship abilities, innovation and creation of new jobs. 2022 Intakes in Namibia [Universities, Colleges, VTC Intake], Welwitchia University 2023 September Intake Ongoing [APPLY, Tulipohamba Institute 2023 June Intake (Free Application &, Tulipohamba Institute 2023 June Intake (Free Application & Registration), Welwitchia University 2023 September Intake Ongoing [APPLY NOW! This is cost-effective, futuristic, gainful and customer-focused. 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. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. How the red meat industry can benefit from international markets? Protecting your IP in Namibia is done through the Business and Intellectual Property Authority (BIPA). The main business sells cosmetic products like nail polish, other skin and hair products. Terms related to types of business entity: Related Phrases. They especially buy them to get a reasonable price or steal and sell in the black market. 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. You can do that using the social share buttons below; Your email address will not be published. 9. Entrepreneurs in Namibia can count on numerous subventions from the government to help them start their businesses. What are the excellent and top business opportunities in Namibia For Namibian? Car washes are prevalent in most neighborhoods and towns, which means you will have good business if you start one. Shitemba started her business quite accidentally, so we can say that she is not one of the typical examples of entrepreneurs in Namibia. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. This button displays the currently selected search type. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Economic growth remains problematic because of a shrinking productive sector, lack of capital stock, and severe world market problems for base metals and uranium oxide. Before you disclose your ideas, it is important to ensure that you have protected your intellectual property rights in the ideas. This will depend on whether you intend to make profit or not. 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. Furthermore, you will be required to register your business with the Ministry of Finance for tax and VAT purposes. Start small, focus on quality, charge reasonable prices and build your customer base. If you can provide Internet connection at fair prices, throw in the occasional offer, and advertise smartly you could earn plenty of money. Company registration is done with the Registrar of Companies within the Ministry of Trade and Industry. Air Namibia flies to national and regional destinations and to Europe. Or, if you do not have enough space, you can rent out your room when you are not there. It is important that you speak to an accounting or auditing firm to understand how tax and VAT work, and whether it is a requirement for your business. farming? The owners are called shareholders. You can start in Namibia if you have some knowledge and skills to repair vehicles. 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. It is important to pay your Annual duties on time every year, because you can incur fines for late payments. exceptional and create your own brand. I generate more ideas than I can realistically implement (given my schedule), so I'm always happy to give them away! All rights reserved. Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. The problem with motorcycles is that they break down often because they are relatively old and not well maintained. She just saw an opportunity, a gap in the market, and grabbed it. For this business you need to understand what people want to buy, and build connections with suppliers who can provide you with the goods. However, you may visit "Cookie Settings" to provide a controlled consent. novels, poems, films, musical works, computer software etc. you have 25% or 50% interest in the business. All you need to have is a deep and clear understanding of online processes, marketing strategies, SEO tactics and legal guidelines. That just says something about people who spread those rumors. His procedure helped to stop the spreading of cholera and hepatitis E in the whole Namibia and throughout African countries. You can choose to protect your intellectual property through registering: a Patent or Utility Model. It does not require much capital because all you need is a small shop or space to sell your products. GSM Recharge Card Business Office workers are usually totally engrossed in their work, work long hours and often have little time to shop. But opting out of some of these cookies may affect your browsing experience. Save my name, email, and website in this browser for the next time I comment. This requirement might be an additional burden on your financial and human resources. What role do SMEs play in economic development of a country? This collection of profitable business ideas was inspired by my observations of market gaps in various sectors on Namibia's economy. The good news is that starting a profitable business in Namibia isnt a difficult task if you are well equipped with the fundamental resources and knowledge. Start A Gym Business. Start an online beauty products 2. Small and medium-sized enterprises or small and medium-sized businesses are businesses whose personnel numbers fall below certain limits. Companies carrying out activities in Namibia need to pay certain social security taxes to the Commissioner of Social Security. Before registration, you need to decide on the type of business you want to set up. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Poultry farming is expanding as fast as possible, This sector has what it takes to be successful. Aksiyadorlik Jamiyati; Diamonds; uranium oxide; meats, furs, and other animal products; base metals; fish; and gold are shipped to South Africa, other neighbouring countries, and western Europe. To register your Intellectual Property you need to complete and submit the required forms with BIPA. 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. Rice production is considerably low in Namibia in comparison to its consumption rate. Feel free to steal, adapt and launch them - I hope you become fabulously wealthy from them! For more information: please contact our offices at 061-299 4400 or email [emailprotected], Designed by Elegant Themes | Powered by WordPress, Political factions warned against the use of school premises for election campaigns, A new digital Esperanto. Her products are 100% natural and vegan. Two commercial banks, First National Bank of Southern Africa and Standard Bank Namibia (subsidiaries of South African parent companies), account for most banking business. Another way is to join Taxi-hailing apps like Uber or Bolt, which have good business ideas for Namibia. What are the best Small Business Ideas And Opportunities In Namibia? Refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce. 5. Your email address will not be published. One of them is that there are no creative, proactive people who innovate on that continent. Create Your Own Blog 8. Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. Home Blog Top 15 Small Business Ideas In Namibia To Start 2023. It is dominated by meat and fish processing, brewing, and light engineering work (especially metal fabrication). VAT Good Standing Certificate not older than 3 months. Once your proposed company name is approved, you can apply for a Certificate of Incorporation (CM1) and a Certificate to Commence Business (CM46). These cookies will be stored in your browser only with your consent. You reckon that you should at least have a proper business name to show people you are serious, and a bank account for all the millions that will be rolling in. Not just Namibians, but every parent in the universe wants his child to have the best education. However, you might need to fill out slightly different registration forms for different company types. Development paradigm does not need to be either or! Very valuable. What Must An Entrepreneur Assume When Starting A Business? Create Your Own Blog. Political stability and the presence of extensive infrastructure make Namibia perfect for business. The Social Security Commission is involved in collecting contributions, registration of employers and employees, and investment of funds. It does not store any personal data. 0000000016 00000 n The most profitable computer sales businesses operate online because they reach more customers than physical stores. This is a business that does not really require a large amount of money since you will be dealing with basic house hold items that are not really expensive unlike major supermarkets that cater to various needs of people as can be seen by the different types of goods that are bought and stocked in the supermarket. 0000003902 00000 n 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. Until now, running a cyber cafe has been a huge capital intensive business. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This cookie is set by GDPR Cookie Consent plugin. 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. Start A Backyard Garden 7. Best Business Opportunities To Start In Namibia 1. 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. Starting a provision store is good business to do considering how profitable and lucrative it can be. 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 The key is to keep them happy so you can make a steady income and gain referrals. Organizing Private Classes For Students. Tammy Knott is awarded the title Lioness of Africa with reason. You can also offer beauty services such as manicure, pedicure, or makeup. He started as a local guide, and after collecting enough experience, he founded his own travel company. Thus, it is considered a money-making activity. What is an SME in Namibia? 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While the offshore Kudo natural gas field is proven, development will be costly. Are you an entrepreneur searching for small business to invest on? To register a sole proprietorship, you have to apply with the Business and Intellectual Property Authority of Namibia (BIPA). xref 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. Computer Sales Business in Namibia Mohammed Shehu is a brand strategist, speaker, serial entrepreneur and current doctoral candidate in the field of Informatics, focusing on how Namibian businesses can thrive in the world of digital and social media through brand storytelling and analytics. 0000003534 00000 n Doing business in Namibia will yield you profit. Food Business Ideas In Namibia 2. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Educational Update, Scholarships, Career Opportunities and Information Portal, Top 15 Small Business Ideas In Namibia To Start 2023, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window). What small business can I start in Namibia? By clicking Accept All, you consent to the use of ALL the cookies. In modern-day Namibia there are various important business forms, namely sole proprietorship, partnerships, companies and close corporations. African Countries especially Namibia is a good place to set up a business. There is a lot of prejudice when we are talking about Africa. The gathering together is not exclusive to the stadium where fans come together in thousands to support their teams. This cookie is set by GDPR Cookie Consent plugin. The city council for example may require that you have a fitness certificate. a Trade Mark. Browsing has become almost daily routine for everyone us, either for business purpose, entertainment, or research and education. The following are the registration forms for the different types of companies. It is important that you register your business name to ensure that no other business can trade with a name that is similar to yours. Only one-quarter of all Namibians and only one-sixth of Black Namibians have adequate incomes; up to two-thirds live in abject poverty with limited access to public services. These are profitable business ideas in Namibia one can start and they are very lucrative for all Namibians and investors. Motorcycle Repair Business in Namibia, 12. Copyright 2016-2023 Microstartups.org. Therefore, the cultivation of rice can be a guaranteed idea to start a business and a fruitful source of profits. 10 Business Ideas And Opportunities In Namibia Because he knew what tourists and locals were looking for, he specialized his agency in Namibias cultural tours. 4. 0000031505 00000 n This can be done by both Namibians or foreigners. These cookies track visitors across websites and collect information to provide customized ads. You can register either a Defensive Name (sole proprietorship), Closed Corporation (a CC) or a company. Protecting your IP in Namibia is done through the Business and Intellectual Property Authority (BIPA). They only want personal success without giving anything back to others. The car washing business is a service industry that can help you earn a lot of money if done well. This article will list some of the most profitable businesses you can start or invest in as a small business in Namibia. 0000030872 00000 n Mining, tourism, fishing, and agriculture are Namibia's key industries. This situational analysis aims at giving an overview over this wide area in Namibia focusing on general characteristics and on features of specific groups. Raised by his single mother, Heinrich Hafeni was impressed with how she managed to feed her family and even send all of her kids to school. Notify me of follow-up comments by email. If you have a spare room or a house you dont stay in much, why not rent it out and make extra money? When expanded it provides a list of search options that will switch the search inputs to match the current selection. the Namibians markets are always willing to pay for them. 0000042424 00000 n 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 cookie is used to store the user consent for the cookies in the category "Performance". Strategic growth areas include light engineering, building materials, and salt- and natural-gas-based chemical processing, plus import substitution and consumer goods. Everyone wants to be self-employed or have an extra source of income. Mining is central to the economy: it accounts for just under 30 percent of the GDP, though less than 10 percent of the labour force is employed in this sector. The Ministry of Home Affairs is responsible for the issuance of work permits in Namibia. The chance to make money from men and women who are passionately supporting football is just a step away. Start A Cosmetic Business In Namibia. The cookie is used to store the user consent for the cookies in the category "Performance". This website uses cookies to improve your experience while you navigate through the website. On approval of the name, you can now submit your application to register your business with BIPA under the name that was reserved for you. However, before anything else, a business requires a persuasive idea and capital to incur the initial expenses. Company name reservation is done with the Business and Intellectual Property Authority (BIPA), an agency under the Ministry of Industrialization, Trade and SME Development (MITSMED). Football Viewing Center A business name is usually reserved for 60 days. 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. Thanks sir, Sale and Marketing Agent at GLOBAL GEAR TECH.
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