Except for agricultural land, there are no restrictions on nonresident foreigners and legal aliens owning property in Namibia. … South African rand (ZAR) is also accepted as legal tender in Namibia, with the exchange rate pegged at NAD1 = ZAR1.
Can foreigners buy property in Namibia?
Foreigners from counties other than Namibia can buy property in Namibia as ownership is not restricted for freeholds unless it is agricultural property. Transactions can be made in NAD (Namibian Dollars) or ZAR (South African Rands).
How can I buy a house in Namibia?
7 Tips for first-time property buyers in Namibia
- Tip #1: First find out how much deposit do you need. …
- Tip #2: Make sure that you can pay the monthly premium. …
- Tip #3. …
- Tip #4: Make use of a home buyer scheme if you can. …
- Tip #5: Find a mortgage that best suits your needs.
Can foreigners buy farms in Namibia?
Namibia’s agricultural land is mainly divided into communal and commercial farm lands, offering excellent investment opportunities for foreigners. … With the government enacting land ownership laws, a foreign investor must obtain the consent of the Minister of Lands and Resettlement prior to directly purchasing a land.
Can a South African buy a business in Namibia?
It is important to note that Namibia has no restrictions on the ownership of shares in Namibian entities by foreign nationals. … In Namibia a business can be managed and property purchased through companies, closed corporations and/or business trusts.
Is it expensive to live in Namibia?
The cost of living in Namibia is very high. … High transportation costs make prices very high and unaffordable. Monopoly in some business sectors causes higher profit booking, which also results in raising of prices.
How much does a house cost in Namibia?
THE average national housing price in Namibia at the end of December 2019 stood at about N$1,1 million says Frans Uusiku, the market researcher at First National Bank Namibia.
How can I get permanent residency in Namibia?
- Application form (3-1/0039)
- Application for Visa form (3-1/0033)
- Questionnaire form for permanent residence.
- Declaration Form.
- Medical certificate.
- Radiological certificate.
- Copy of marriage/divorce/death certificate or letters.
- Copy of travel document or passport.
How do I become a citizen of Namibia?
A person may be a citizen of Namibia at birth either through operation of Article 4(2) (jus sanguinis, i.e. descent from a Namibian citizen) or a restricted form of jus soli (Article 4(1), birth in Namibia to a citizen parent or to a parent who is ordinarily and legally resident in the country).
How long does it take to build a house in Namibia?
On average, it takes seven months to build a house from start to finish, according to a 2019 U.S. Census Bureau report. But you may also need to include time for an architect to draw up plans (1–4 months). Is being a home builder profitable in Namibia?
Does Namibia allow dual citizenship?
Namibian citizens who are citizens only by birth or descent may hold dual citizenship if the laws of the other country allow such dual citizenship. … Namibian Constitution Article 42).
Can I retire in Namibia?
According to Hishekwa, the bulk of demand for Namibian retirement residency permits came from German nationals. While the Namibian cabinet has approved the establishment of the retirement residency programme, the nature and value of the investment requirement is presently still under consideration.
What can you buy in Namibia?
Shopping in Namibia
- Crafts in Namibia. When it comes to buying souvenirs in the markets of Namibia, you have to bear in mind that bargaining is almost obligatory. …
- Wooden masks. …
- Wooden bowls. …
- Wooden figures. …
- Fabrics. …
- Bottle top magnets. …
- Wooden and rag dolls. …
- Products made with macalani seeds.
How do I get a work permit in Namibia?
What Are the Requirements to Obtain a Work Permit in Namibia?
- A signed and completed application form.
- A passport that’s valid for at least three months beyond the projected expiration of the work permit.
- Two passport photographs.
- A letter from the employing company in Namibia.
Can a foreigner invest in Namibia?
Foreigners can acquire interests in a domestic company through purchase of its shares and assets. … Foreigners seeking to invest in the Namibia Stock Exchange need to trade through an authorised Namibian brokerage firm which is a member of the exchange.
Can a foreigner own a company in Namibia?
It therefore follows that a foreign shareholder can own 100% of the shares in a Namibian company. The company may appoint Directors and shareholders need not be natural persons. A Namibian close corporation can only have members that are natural persons, in other words a business may not be a member.