Legal and Policy Framework
Since independence, the Namibian Government has pursued free-market economic principles with a view to attracting foreign direct investment. The liberal Foreign Investment Act of 1993 provides for freedom from nationalization, freedom to remit capital and profits, currency convertibility, and a process for settling disputes equitably.
Key provisions of the Foreign Investment Act include:
Promotes free market economy in Namibia
Equal treatment of local and foreign investors
Full protection of investment
No prescription of local participation
Repatriation of profits
Granting of Certificate of Status Investment (CSI)
Incentives for Manufacturers
Government has introduced incentives that are largely concentrated on stimulating manufacturing in Namibia and promoting exports into the SADC region and to the rest of the world.
SUMMARY OF SPECIAL INCENTIVES FOR MANUFACTURERS, EXPORTERS AND EPZ ENTERPRISES