Author: DBIN

How to Get a Virtual Asset Provider (VASP) License in Namibia Learn how to get a VASP license in Namibia under the Virtual Assets Act, including Bank of Namibia licensing requirements, application preparation, provisional authorisation, AML compliance and virtual asset regulation. Namibia has established a formal regulatory framework for businesses providing cryptocurrency and other virtual…

How to Apply for a Commercial Banking License in Namibia Learn how to apply for a commercial banking license in Namibia, including Bank of Namibia requirements, banking licence documentation, capital, application process, timelines and regulatory compliance. Starting a commercial bank in Namibia requires more than registering a company and opening a bank account. A prospective…

How to Buy Shares in a Namibian Bank: BoN Approval Guide Learn how to buy shares in a Namibian bank through the Namibia Stock Exchange, open a share trading account, use a registered stockbroker, prepare documents, and understand when Bank of Namibia approval may be required. Buying shares in a Namibian bank can be done…

How to Open a Foreign Bank Representative Office in Namibia Learn how to open a foreign bank representative office in Namibia, including Bank of Namibia approval, banking licence requirements, application procedures, Banking Institutions Act rules, corporate registration and foreign banking market-entry requirements. Opening a foreign bank representative office in Namibia is a regulated market-entry process.…

How to Register as an Employer for PAYE in Namibia Learn how to register as an employer for PAYE in Namibia, including NamRA employer registration, employee tax, employer registration forms, ITAS, PAYE tax tables and payroll obligations. If you employ people in Namibia, you may have obligations to register as an employer for employee tax,…

Assigning a Special Power of Attorney for Namibian Tax Matters in Namibia Learn how to assign a Special Power of Attorney for Namibian tax matters, add ITAS representatives, complete the NamRA form, and manage tax access. A Special Power of Attorney (SPA) allows a taxpayer to formally authorise another person to assist with specific tax…

How to Link Your Bank Account to Your NamRA Tax Profile Learn how to link your bank account to your NamRA tax profile, including ITAS account requirements, changing bank details, bank confirmation letter, TIN account and tax refund information. If you need to link your bank account to your NamRA tax profile, it is important…

How to Update Your Taxpayer Bank Details on the NamRA Portal Learn how to update taxpayer bank details on the NamRA ITAS portal, including bank account modification requirements, original identification documents, bank confirmation letters, and the application for changing banking details. Keeping your taxpayer bank details up to date with the Namibia Revenue Agency (NamRA)…

How to Claim a Tax Refund from NamRA Learn how to claim a tax refund from NamRA in Namibia, including the ITAS registration and tax e-filing process, refund application, banking details, tax refund status, supporting documents and NamRA refund procedures. If you have paid more tax than you owe in Namibia, you may be entitled…

Registering for Non-Resident Shareholders’ Tax (NRST) with NamRA Learn how to register for Non-Resident Shareholders Tax (NRST) with NamRA in Namibia, including the NRST rate, ITAS registration, withholding tax, dividends, application form, tax returns, tax payment and compliance requirements. When a Namibian company declares dividends to a shareholder who is not resident in Namibia, the…