Economy of Namibia

Namibia Investment Legislation, Incentives, and Institutions: Recommendations for Reform

Namibia

December 14, 2006

Foreign Investment Advisory Service A joint service of the International Finance Corporation and The World Bank

Disclaimer

The Organizations (i.e., IBRD and IFC), through FIAS, endeavour, using their best efforts in the time available, to provide high quality services hereunder and have relied on information provided to them by a wide range of other sources. However, they do not make any representations or warranties regarding the completeness or accuracy of the information included this report, or the results which would be achieved by following its recommendations.

About FIAS

For almost 21 years, FIAS has advised more than 130 member country governments on how to improve their investment climate for both foreign and domestic investors and maximize its impact on poverty reduction. FIAS is a joint service of the International Finance Corporation and the World Bank. We receive funding from these institutions and through contributions from donors and clients. FIAS also receives core funding from: Australia Canada Ireland Luxembourg Netherlands New Zealand Norway Sweden Switzerland United Kingdom

Contents

Executive Summary ..........................................................................................iv 1. 2. Introduction............................................................................................1 The Legal Framework for Investment in Namibia ................................4

Main findings .....................................................................................................4 Brief overview of the current legal framework for investment .........................5 Establishing a favorable legal framework for investment .................................7 A framework for a new investment code...........................................................9 Some closing words on investment laws...