STAFF WRITER
Namibia Investment Promotion Development Board (NIPD) says the newly introduced Employment Permit to Conduct Business (Investor Permit) will go a long way in addressing investor concerns and allow sustainable planning.
NIPDB Chief Executive Officer, Julia Muetudhana Namibia invited investors to apply for the long term and play a part in Namibia’s development agenda.
The NIPDB said the new permit will provide qualifying investors with a more streamlined and predictable process to establish and operate businesses in the country.
“We have listened to the feedback from our investors regarding some of the constraints they face, and this is just one way of demonstrating the government’s commitment to improving the ease of doing business in Namibia,” she said.
According to the NIPDB the permit will enhance the country’s ability to effectively attract and retain investors who contribute to sustainable economic growth.
“This new investor permit gives investors the certainty and long-term security they need to commit to doing business in Namibia. It sends a clear signal that Namibia is not only open for business, but we are ready to provide an environment that allows businesses to thrive and create the necessary jobs for our people, ” Muetudhana said.
Muetudhana said the new permit is directly aligned with commitments made by President Netumbo Nandi-Ndaitwah at the inaugural Namibia Public Private Forum (NamPPF) last year.
The Forum was convened to strengthen collaboration between the Government and the private sector, with the shared objective of unlocking investment and strengthening Namibia’s business environment as a catalyst for economic growth.
The NIPDB said the new permit will improve the speed and ease at which a potential investor can establish a business.
NIPDB said the introduction of the investor permit is an important step to enhance Namibia’s overall competitiveness as an investment destination.
“In accordance with the processes established by the Ministry of Home Affairs, Immigration, Safety and Security (MHAISS), applications for the Employment Permit to Conduct a Business are to be submitted through the NIPDB, as the designated first point of call,” NIPDB said.
As part of the assessment process, the NIPDB confirms the investor’s status and conducts an economic evaluation of the proposed investment. Following this assessment, the NIPDB submits its recommendation to the MHAISS for consideration by the Immigration Selection Board.
“The NIPDB said their role in the process concluded upon submission of its recommendation to MHAISS. The final decision on the application rests with MHAISS, as the authorised institution responsible for the issuance of visas and permits,” he said.
The prescribed application forms and supporting documentation requirements are available from the NIPDB office and website, as well as the MHAISS website and offices countrywide.
COMMENTS