Business Climate in Namibia

• Political System: Democratic Republic, multi-party system

• Languages: English (Official), Afrikaans, German, Oshivambo, Herero, Nama

• Population: 2,147,585 million (2011 est.)

• Gross GDP: US$ 11.87 Billion (2010 est.)

• Growth Rate: 4.4%

• Inflation Rate: 4.6%

• Land Area: 824,292 sq kms – More than twice the size of California (403,931 sq km)

• Coastline: Atlantic Ocean – 1,572 kms

• Border Countries: Angola, Botswana, South Africa, Zambia

• Climate: Desert; hot, dry, sparse rainfall

• One of Africa’s most stable political regimes

• Foreign Investment Climate: Vigorous and pragmatic government support for foreign companies and investment

• Flourishing free-market economy

• Progressive business environment

• Energy hungry country with increasing energy demand

Oil and Gas Facts:

• One of the world’s best countries to explore for and develop oil and gas

• Progressive and modern energy legislation with extremely favorable oil and gas fiscal terms

• Very lucrative Petroleum Agreement with simple 5% government royalty

• No signature, discovery, or production bonuses

• Large onshore and offshore sedimentary basins, all virtually unexplored

• Modern and readily accessible geological and geophysical database

• Active petroleum systems with proven source, reservoir and traps

• Duty-free import and VAT license on petroleum exploration materials and equipment

• Foreign Oil and Gas Company exemption from non-resident shareholder’s tax

• Cost recovery is 100% and immediate on all exploration and operating expenditures

• Immediate repatriation of all investment and profits

Contact us to learn more.