CASH LOAN BUSINESS IN NAMIBIA: HOW TO REGISTER A CASH LOAN OR FINANCIAL SERVICES COMPANY IN NAMIBIA

 



HOW TO REGISTER A CASH LOAN OR FINANCIAL SERVICES COMPANY IN NAMIBIA

COMPANY REGISTRATION PROCEDURES

 

Procedure to  financial services company in Namibia require NAMFISA approval.

 

CASH LOANS – FINANCIAL PLANNERS – INSURANCE BROKERS – INSURANCE COMPANIES – INSURANCE AGENTS – BANKS – ASSET MANAGERS ETC….

 

Step I:

Submission of name application/reservation form CM5 or CC8 for your organization, you should ideally submit 6 Names in case the desired name has already been reserved the your next preferred option will be attributed.

 

Step II

Once the name of your organization is approved, you may apply for  a Certificate of Incorporation and Certificate to Commence Business. This requires the submission of the several documents when incorporating a pty or limited company including the following documents:

§ Memorandum and article of Association in triplicate of forms 

One original and two photocopies that need to be notarized by a notary public

§ Copy of approved name on CM5

§ Notice of postal and registered address on CM22

§ List of Directors, Auditors and public Officers on CM29

Information required from the directors include: Certified copy of ID / Profession / Residential address / business address – email address – postal address.

§ Appointment of an Auditor on CM31

§ Application of Certificate of Registration of memorandum of External Company CM46

 

For A Close Corporation

·         The approved CC8

·         Certified copy of ID

·         Completion of cc1 form

·         Consent letter from the accountant

After successful company registration

 

Once a company is successfully registered we must also ensure compliance with the requirements of other relevant institutions namely:

§  the Ministry of Finance (registration for VAT and Company Tax)

§  the Ministry of Labour

§  the Ministry of Home Affairs (work permits, visas, etc.)

§  the Social Security Commission

§  NAMFISA (for Insurance, financial services companies)

§  Local Authority by-laws such as those specified by the City of Windhoek, or local authorities in Swakopmund, Walvis Bay, Keetmanshoop, Oshakati etc. (fitness certificates).

Various permits and licenses may also be required depending on the type of business you intent to operate.

 

FINALLY PROFESSIONAL ACCREDITATION OR MEMBERSHIP COULD BE REQUIRED AS IS THE CASE FOR ACCOUNTANTS, ARCHITECTS ETC…

 

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