Investor Rights and Regulations Overview
Important definitions (cont)
'investment' (cont)
(c) The acquisition by any means of any license, permit or concession issued by
the State directly related to the operation of an investment in Namibia, including
such instruments relating to the exploration or exploitation of natural resources
(d) The acquisition by any means of a minority ownership interest or joint venture
interest in accordance with this Act, in relation to any of the preceding
paragraphs, but such interest must constitute more than 10% of the shares of
the company and the investor exercises effective management, or influence on
the management, of the investment
For the purposes of this definition, a foreign investor may not regard specific assets
for the purposes of the definition
'Namibian' - a natural person who is a citizen of Namibia, a permanent resident of
Namibia who is in possession of a permanent residence permit, or a company
incorporated, registered or constituted in accordance with the laws of Namibia or
any other state other than Namibia of which the majority of the issued share capital
is directly or indirectly owned by a Namibian who proportionately benefits from the
dividends or otherwise, or which is directly or indirectly controlled by a natural
person or permanent resident of Namibia
'Namibian investor' - a Namibian investor investing in Namibia and registered in
terms of section 19
KPMG
© 2016 KPMG Namibia, a Namibian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a
Swiss entity. All rights reserved.
7
Document Classification: KPMG ConfidentialView entire presentation