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Namibia Unveils New Business Permit for Investors to Boost Foreign Direct Investment: Government

Namibia Unveils New Business Permit for Investors to Boost Foreign Direct Investment: Government

Sputnik Africa

Namibia Unveils New Business Permit for Investors to Boost Foreign Direct Investment: Government Namibia will introduce a new 'Employment Permit to... 19.08.2026, Sputnik Africa

2026-08-19T23:39+0200

2026-08-19T23:39+0200

2026-08-19T23:44+0200

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Namibia Unveils New Business Permit for Investors to Boost Foreign Direct Investment: Government Namibia will introduce a new 'Employment Permit to Conduct Business' for qualifying foreign investors and businessmen from September 1, aiming to streamline investment procedures and attract more foreign direct investment, the government said. What's changing?Longer validity: The new permit is valid for up to 5 years—a significant upgrade from the current 2-year permits.Work flexibility: Qualifying investors will be allowed to work in the businesses covered by their permits. How to apply?◾Applications will be submitted through the Namibia Investment Promotion and Development Board.◾The Board will assess the economic impact of each proposed investment.◾Approved applications are then referred to immigration authorities for final processing.ℹ The reform is designed to:Reduce administrative barriers for investorsSupport investment and economic growthCreate jobs for NamibiansAI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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