Investor Rights and Regulations Overview
Practicalities of implementation and
discussion points
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Definition of Namibian does not include a person with domicile
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Namibian company requires a "person" to hold the shares and does not seem to
take into account more than one Namibian person holding such interest
Length of time and costs that a foreign investor needs to incur for approval of
investment may dissuade foreign investors
Setting of thresholds
Definition of "natural resources" not included in the Act
Expansion of existing businesses invested into by foreigners, subject to the Act
- implications for growth
Powers of Minister
。 Authority to cancel a foreigners ability to conduct business in Namibia (s33)
Approval of Minister required in the event that assets are required to be attached to
settle debts of the foreigner - implications for court orders obtained against the
foreign investor
KPMG
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Swiss entity. All rights reserved.
Document Classification: KPMG Confidential
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