Close corporation CCNamibia
What it takes to form, own and run a private limited company in Namibia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A Close Corporation generally referred to as a CC is a legal entity that provides its members with limited liability.
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A corporation may at its incorporation have one or more members, but at no time shall the number of members exceed ten.
The registry’s and the law’s own pages do not mention it.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the CC.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- At least 1 · at most 10 · individuals only
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A corporation may at its incorporation have one or more members, but at no time shall the number of members exceed ten.
- Members
- At least 1 · at most 10 · one person may form it alone
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Formed by minimum one member and maximum of ten members.
- A local company secretary
- Not required
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shall, subject to the provisions of this Act, contain the following particulars:
- A local registered agent
- Not required
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Every corporation shall have in the territory a postal address and an office to which,
Each year, at the registry
- Annual registry fee
- NAD 120
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CC7 Annual Duty N$120-00
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual duty, form CC7
- Not in our records
With BIPA
Not stated on bipa.na/business-registration/close-corporation-fees/ when checked
What is public
- Shareholders
- Public
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Any person may, on payment of the prescribed fee (including an additional fee if any document is not collected personally at the Registration Office)- (a) inspect any document kept under this Act by the Registrar
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 32%
NamRA's income tax page lists a 'Corporate Tax Rate' of 32 % under 'Companies'; mining and diamond rates differ (37.5 %, 55 %). The page does not name close corporations, so the 32 % for a CC rests on the 10 Oct reading and on the page's company table; the table is headed 2018 / 2019.
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COMPANY TAX RATES 2018 / 2019 Corporate Tax Rate 32 %
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Namibia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary winding-up by registered resolution, form CC6
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CC6 Registration of a resolution to wind-up voluntarily N$ 60-00
- Statutory fee
- NAD 60
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CC6 Registration of a resolution to wind-up voluntarily N$ 60-00
Every business in Namibia
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Namibia.
Payment and banking services
None of the services whose lists we hold names Namibia. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Close corporation (CC)
- Identifier
- NA-CLOSE-CORPORATIONA form ISO 20275 does not list.