Foreign nationals can invest in real estate in Namibia by acquiring a property for at least $316,000 at an approved project in Walvis Bay, Namibia’s second largest city.
The trial initiative will allow candidates to receive a renewable five-year visa to Namibia within three months after submitting an application.
Namibia thinks that its initiative will help the country’s economy by attracting international investment, creating jobs, stimulating economic growth, and potentially increasing tax revenue.
How to Obtain Permanent Residence in Namibia Through Investment
Namibia’s government is actively seeking foreign investment to support economic growth and diversify the country’s economy.
It offers numerous chances for international investors seeking a foothold and expansion on the African continent, such as tax breaks, finance, and a one-stop bureau service for overseas businesses.
The Namibia Residence by Investment visa allows successful real estate investors to obtain a five-year, renewable work permit and dwell in Namibia.
Here are the main points:
- To obtain a residence permit in Namibia, you must purchase real estate worth $316 thousand or more in the government-approved project President’s Links Estate.
- Obtaining a temporary residence permit will take around three months and is valid for five years.
- A residence permit allows you to work in the country.After 7 years of investment preservation, you can apply for a permanent residency permit.
- It should also be highlighted that the Namibian government has created a number of appealing options for foreign investors, such as tax incentives, syndicated lending, and a technological “one window” for multinational firms.
The Namibia residence by investment visa will grant worldwide investors a renewable work permit and residency in Namibia for a minimum investment of $316,000.
International investors seeking a permanent residency status must own at least 10% of a new or existing Namibian company.
Namibia Residence by Investment Requirements: Presidents Links Estate
To qualify for residency, candidates must purchase real estate at President’s Links Estate worth at least USD 316,000.
Retirement units begin at USD 316,000 and are open to investors 60 and older.
The estate is an eco-friendly residential and golf development in Walvis Bay that offers modern and stylish houses and villas on the outskirts of the Dorob National Park.
Walvis Bay, often known as ‘The Bay of Whales,’ has a pristine coastline environment with high-quality fish, oysters, rock lobsters, and salt fields. The estate has 745 luxury residential houses, world-class lifestyle amenities, and an environment that honors Namibia’s rich natural beauty.
Please visit Presidents Links Estate to complete an online application.
Advantages of Investing in Namibian Residence
Successful investors can receive a residence visa by investing in a Namibian firm under the Namibia Foreign Investments Act.
The Presidents Links Estate, which permits foreign nationals to make an acceptable investment in a breakthrough real estate development through an international real estate investment, is one investment method that could potentially yield large returns.
With its assortment of homes mixed into a world-class golf estate, the Presidents Links Estate is now the only investment option that offers the right combination between a secure investment in one of Africa’s key emerging markets and amenities giving a high quality of life.
Namibia is a safe and stable country: When it comes to African countries, safety worries are generally high. Namibia ranked sixth out of 54 African countries on the Global Peace Index in 2022, thanks to limited access to weapons, high political stability, and good relations with neighbors.
Global trust is high as well, with a Namibian passport ranked sixth among African passports in the Global Passport Index.
Tax Incentives for a Namibia Permanent residence permit
An international investment permit in Namibia gives various financial benefits, including no tax on worldwide income. In Namibia, only local income tax is levied. The appealing tax structure also includes no net wealth tax and no Capital Gains Tax.
Namibia’s main rival in investment residence in this sense is Mauritius. Mauritius, an Indian Ocean island off the coast of southern Africa with one of Africa’s few higher-middle-income economies, has its own residency by investment scheme for investors, with a minimum investment of $375,000 required to qualify for a 20-year residency.
Namibia considers Mauritius to be its biggest competitor, but it is not the only one.
