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The Namibia Residence by Investment Program is a government initiative that aims to attract foreign investment to the country. The program gives opportunities for international investors seeking to grow their businesses in Africa, including tax incentives, financing, and a one-stop bureau service.. Successful real estate investors can benefit from the program by receiving a renewable five-year work permit and living in the country.
Benefits of living in Namibia
Living in Namibia is safe and secure. It has a high standard of living and excellent education. It provides attractive economic opportunities and has a territorial tax system that only taxes local income. It is politically stable nations in Africa and is home to natural beauty, spectacular coastlines, and populous national conservation parks. Namibia has joined the Southern African Customs Union and the African Union.
Real estate requirements for Namibian residence by investment
To qualify for Namibian residence by investment, applicants must purchase real estate valued at a minimum of USD 316,000 at President’s Links Estate.
The estate is an eco-friendly residential and golf estate located at the edge of Dorob National Park in Walvis Bay. It boosts modern and sophisticated houses and villas, and features over 745 luxury residential homes with world-class lifestyle amenities that celebrate Namibia’s rich nature.
Application process for Namibian residence by investment
Applicants can complete the residence application process through an easy online portal, which requires the submission of completed application forms, appropriate fees, and supporting documents.
Work permit and permanent residence eligibility
Successful real estate investors receive a renewable five-year work permit, but they can only work for their own private companies and cannot be employed in any other jobs in Namibia. After seven years of retaining their investment, investors become eligible to apply for permanent residence in the country.
Processing time for Namibian residence by investment applications
The processing time for applications is approximately three months from submission to approval.