Namibia
The ISO code of Namibia is NA according to the ISO 3166 standard. The local name of the country is the same as its English name. Namibia capital city is Windhoek. People in Namibia speak the English language. On 21 March 1990, Namibia emerged as a sovereign political entity. In the year 03/21/1990, Namibia emerged as a sovereign political entity. The largest city in Namibia is Windhoek.
Namibia is located in the UTC +01:00 time zone, which is also called West Africa Time or WAT. The internet country code top-level domain (ccTLD) for Namibia is .na. The International dialing code for Namibia is 264. People in Namibia drive on the left side of the road. Total land area of Namibia is 825,715 km² (approx. 318,809 mi²). Namibia is not a landlocked country. It means that is is bordered by at least one major body of water.
Namibia is located in Africa. Namibia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Namibia faces various issues, including limited natural fresh water resources, desertification, wildlife poaching, land degradation has led to few conservation areas.
Doing business in Namibia
We offer various corporate services in Namibia jurisdiction. These services can serve both, people coming from Namibia and foreigners. If you plan on doing business in Namibia you might be interested in contacting us.
To find out about starting your business in Namibia click on company formation in Namibia.
To find out how to open a bank account in Namibia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Namibia.
Choose preferred service below or continue reading to find out more about Namibia.
Demographics of Namibia
The total population of Namibia is 2,587,801 people. In Namibia, the population density is 2.56 people per square kilometer (7 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is rather diverse according to a fractionalization scale which for Namibia is 0.6329. Namibia has approximately 51448 foreign immigrants. The median age is approximately 22.8 years. In Namibia, 12.94 in every 100 people use internet. Namibia has a Human Development Index (HDI) of 0.624.
The majority religion of Namibia is Christianity, Namibia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Namibia.
Culture of Namibia
People in Namibia speak the English language. According to data on inbound tourists in Namibia, 1,176,000 tourists arrive in the country each year. One of the most popular national dishes of Namibia is omboga. To read more click on culture of Namibia.
Geography of Namibia
Namibia is considered to be a large nation because of its total area. Its total land area is 825,715 km² (approx. 318,809 mi²). Namibia is located in Africa. Its capital city is Windhoek. Namibia has 4 neighbouring countries. Its neighbours include Angola, Botswana, South Africa, and Zambia. Total length of land borders of Namibia is 4220 kilometers (~1,629 miles).
The highest point of Namibia is Königstein, with its official height being 2606 m (8,550 ft). Including land mass and EEZ, the total area of Namibia is approximately 1,390,463 km² (~536,858 mi²). The most notable natural resources found in Namibia are diamonds, copper, uranium, gold, silver, lead, tin, lithium, cadmium, tungsten, zinc, salt, hydropower, fish.To read more click on geography of Namibia.
Economy of Namibia
The currency of the country is Namibian dollar. The symbol used for this currency is $, and it is abbreviated as NAD. 23.3% of population in the country are unemployed. The total number of unemployed people in Namibia is 602,958. Each year, Namibia exports around $5.12 billion and imports roughly $7.08 billion. The Gini Index of the country is 59.7. Namibia has a Human Development Index (HDI) of 0.624.The Global Peace Index (GPI) for Namibia is 1.784. Namibia has a government debt of 6.5% of the country's Gross Domestic Product (GDP), as assessed in 2010. Namibia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are meatpacking, fish processing, dairy products, pasta, beverages, mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper).
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Namibia is $23,476 billion. Each year, consumers spend around $5,893 million. The ratio of consumer spending to GDP in Namibia is 0%, and the ratio of consumer spending to the world consumer market is 0.017. The corporate tax in Namibia is set at 33%. Personal income tax ranges from 0% to 37%, depending on your specific situation and income level. VAT in Namibia is 15%. In 2013, Namibia received 264.8 million USD in foreign aid.In 2014, the foreign aid amounted to 290.6 USD.To read more click on economy of Namibia.
Infrastructure of Namibia
Infrastructure quality in Namibia is rated to be at 2.57. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Namibia, 47.3% of the population has access to electricity. There are 78,280 internet hosts in Namibia. Namibia has 112 airports nationwide.
The logistics performance index of Namibia is 2.66. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.56. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Namibia is 159. To read more click on infrastructure of Namibia.
Politics of Namibia
Namibia, is a unitary presidential constitutional republic. With regard to political and civil freedoms, Namibia is 1. Citizens in Namibia experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Hage Geingob.
According to the World Bank Group, the government effectiveness index of Namibia is 0.1. This indicates that the government of Namibia is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Namibia before considering any business maneuvers.In Namibia, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Namibia is 1.784. The strength of legal rights index for Namibia is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Namibia received 264.8 million USD in foreign aid. In 2014, the foreign aid amounted to 290.6 USD. Namibia is a member of the United Nations (UN). On 23 April 1990, it joined the UN as a full member state. Namibia is a member of the African Union (AU). On 1 June 1990, it joined the AU as a full member state. Namibia is a member of the World Bank. To read more click on politics of Namibia.
Environment of Namibia
Namibia emits 1.2 metric tons per capita of CO2. 76610 km² of Namibia's territory is covered in forests. and forest land comprises 9% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Namibia is 159. To read more click on environment of Namibia.
Company formation in Namibia
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Namibia.
When establishing a company in Namibia, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Namibia that will affect the establishment and growth of one's business. Contact us or click on company formation in Namibia to read additional information when setting up a business.
Bank account opening in Namibia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Namibia. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Namibia, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Namibia or contact us.