1. What is the process of obtaining citizenship by investment in Namibia?

The process of obtaining citizenship by investment in Namibia includes the following steps:

1. Choosing an approved investment project: The first step is to choose an approved investment project from the designated sectors, which include manufacturing, agriculture, tourism, fisheries, mining, and renewable energy.

2. Investment Application: Once you have selected an approved project, you must submit an application to the Ministry of Home Affairs and Immigration. The application should include all necessary documents such as a business plan, proof of funds, and background information on the applicant.

3. Background checks: The applicant and any accompanying family members will undergo thorough background checks by the Namibian authorities.

4. Investment approval: After review and approval by the relevant government authorities, the applicant can proceed with making the investment in Namibia.

5. Residence permit application: Once the investment has been made, the applicant can apply for a residence permit for themselves and their family members. This involves submitting further documentation such as medical certificates and proof of accommodation.

6. Citizenship application: After residing in Namibia for at least five years with a valid residence permit, the investor may apply for Namibian citizenship. This involves submitting additional documents such as police clearances and affidavits of good character.

7. Citizenship approval: The Ministry of Home Affairs and Immigration will review the citizenship application and make a recommendation to the Minister of Home Affairs for final approval.

8. Oath of allegiance: When citizenship is granted, successful applicants are required to take an oath of allegiance to Namibia before being issued a certificate of naturalization.

9. Renunciation of previous citizenship(s): It is important to note that Namibia does not permit dual citizenship. Therefore, applicants must renounce their previous citizenship(s) before receiving Namibian citizenship.

10. Issuance of citizenship certificate: Once all requirements have been met, successful applicants will receive a certificate confirming their Namibian citizenship.

2. What are the main benefits of obtaining citizenship through investment in Namibia?

1. Visa-Free Travel: Namibian citizenship through investment grants access to visa-free or visa-on-arrival travel to over 70 countries, including the European Union, United Kingdom, and many other popular destinations.

2. Business Opportunities: As a Namibian citizen, you can take advantage of business opportunities in Namibia without needing a work permit or special permission.

3. Political Stability: Namibia is known for its stable political and economic environment. As a citizen, you can enjoy the benefits of this stability and have peace of mind about your investments and future.

4. Right to Vote and Hold Public Office: As a Namibian citizen, you have the right to vote in national elections and run for public office if desired.

5. Access to Education and Healthcare: Citizenship guarantees access to quality education and healthcare services in Namibia.

6. Dual Citizenship Allowed: Namibia allows for dual citizenship, so you do not have to renounce your current citizenship when obtaining citizenship through investment.

7. Retirement Benefits: Namibian citizens are entitled to various retirement benefits, including government-funded pension plans.

8. Access to Social Programs: Citizens of Namibia are eligible for various social programs such as affordable housing schemes, scholarships, and job training programs offered by the government.

9. Lower Cost of Living: The cost of living in Namibia is relatively low compared to other developed countries, making it an attractive location for those looking for a more affordable lifestyle.

10. Potential for Residency in Other Countries: As a citizen of Namibia, you may have easier access to residency or citizenship in other African countries due to partnerships within the Southern African Development Community (SADC).

3. How much is the minimum required investment for citizenship in Namibia?

The minimum required investment for citizenship in Namibia is currently not specified by the government. However, applicants would be expected to make substantial investments in the country, such as creating employment opportunities and contributing to economic growth. This can include investments in businesses, real estate, or other development projects that benefit the country.

4. Are there any residency requirements for citizenship through investment in Namibia?

Yes, applicants are required to have at least 5 years of permanent residence in Namibia before they can apply for citizenship through investment. The residency requirement may be waived by the government under certain circumstances, such as if the applicant has made significant investments in the country or has contributed to the economic development of Namibia.

5. What types of investments are accepted for citizenship in Namibia?

It is not possible to acquire citizenship through investment in Namibia. The only way to become a citizen of Namibia is by birth, descent, or through naturalization after meeting certain criteria.

Namibian law does not allow for the granting of citizenship or permanent residence based on investment. However, foreign investors are encouraged to contribute to economic development and job creation by investing in various sectors of the economy such as agriculture, tourism, manufacturing, and mining. These investments may potentially lead to long-term residence permits but do not grant citizenship.

The Namibian government has implemented several initiatives and programs aimed at attracting foreign direct investment (FDI) into the country. These include tax incentives, protection of intellectual property rights, and free repatriation of profits. Foreign investors can also enter into joint ventures with local partners or set up wholly foreign-owned enterprises.

Some potential investment opportunities in Namibia include:

1. Agriculture: The agricultural sector in Namibia offers opportunities for foreign investors in areas such as crop farming, livestock production, and agribusiness.

2. Tourism: With a diverse landscape and unique wildlife, tourism is a significant contributor to the Namibian economy. Foreign investors can invest in hotel development, tour operations, and other related services.

3. Mining: Namibia is known for its rich mineral resources, including diamonds, uranium, gold, and copper. Foreign companies can invest in exploration and exploitation of these resources.

4. Manufacturing: The manufacturing sector in Namibia offers opportunities for investment in industries such as food processing, textiles and apparel production, and wood processing.

While there are no specific types of investments accepted for citizenship in Namibia, any investment that contributes to the country’s economic growth and creates jobs may open up avenues for long-term residency permits. It is recommended to seek professional advice from immigration lawyers or consult with the Ministry of Home Affairs before considering any investment opportunities in Namibia.

6. Is dual citizenship allowed in Namibia?

Yes, dual citizenship is allowed in Namibia. The 1990 Citizenship Act allows individuals to hold dual citizenship, as long as the other country also allows for it. However, the act also states that any person who wishes to become a citizen of Namibia must renounce any previous citizenship they may hold.

7. Are there any language or cultural requirements for obtaining citizenship through investment in Namibia?

There are no specific language or cultural requirements for obtaining citizenship through investment in Namibia. However, applicants are expected to have a basic understanding of English and demonstrate good character, which may include respecting the culture and customs of Namibia.

8. Do I need to have a job offer or business plan to qualify for citizenship by investment in Namibia?

Yes, applicants for citizenship by investment in Namibia must either have a job offer or present a comprehensive business plan that demonstrates their ability to contribute to the country’s economic development. This is one of the requirements set by the Namibian government to ensure that investors are genuinely interested in contributing to the country’s growth and development.

9. Can my family members also obtain citizenship through my investment in Namibia?

Yes, your spouse and children under the age of 21 can also obtain citizenship through your investment in Namibia. They must satisfy all eligibility requirements and apply for naturalization separately.

10. Do I have to reside in Namibia after obtaining citizenship?

No, there is no requirement to reside in Namibia after obtaining citizenship through the investment program. However, maintaining a residence or ties to the country may be beneficial for future applications and renewals.

10. What is the timeline for obtaining citizenship by investment in Namibia?

The timeline for obtaining citizenship by investment in Namibia varies depending on the individual’s circumstances and the type of investment made. However, the following is a general guideline:

1. Initial application: The first step is to submit an application to the Ministry of Home Affairs, which includes all necessary documents and proof of investment.

2. Approval: Once the application is reviewed and approved by the Ministry, a letter of approval will be issued.

3. Investment payment: After receiving approval, the applicant must make their investment according to the agreed terms.

4. Immigration clearance: Once the investment has been confirmed and cleared by immigration authorities, a residence permit will be issued.

5. Residence permit renewal: The initial residence permit is valid for up to three years and can be renewed upon expiry.

6. Permanent residence permit application: After holding a valid residence permit for at least five years, an applicant can apply for permanent residence status.

7. Citizenship application: Once permanent residence is obtained, an individual can apply for citizenship through naturalization after seven years of continuous residence in Namibia.

Overall, the process can take between 5-7 years from initial application to obtaining citizenship through investment in Namibia.

11. Can I invest in any industry or sector for citizenship purposes in Namibia?

No, there are certain industries and sectors that are prioritized for investment in order to obtain citizenship in Namibia. These include agriculture, manufacturing, tourism, infrastructure development, and energy. It is important to consult with the Namibian government before making any significant investments for the purpose of obtaining citizenship.

12. Is there a limit on the number of people granted citizenship by investment each year in Namibia?

Yes, there is a limit on the number of people granted citizenship by investment each year in Namibia. The Ministry of Home Affairs and Immigration determines the number of applicants that can be granted citizenship through investment in any given year. This number may vary depending on factors such as demand, availability of resources, and national interests.

13. What level of due diligence is conducted when applying for citizenship through investment in Namibia?

The level of due diligence conducted when applying for citizenship through investment in Namibia is quite comprehensive. The government takes great care to ensure that only individuals who meet the requirements and who do not pose any security or reputational risk are granted citizenship.

Firstly, all applicants must submit a full set of personal and financial information, including proof of funds for the minimum investment amount. This information is thoroughly scrutinized by the Ministry of Home Affairs and Immigration.

In addition, applicants are required to undergo background checks by Namibian authorities as well as international agencies such as Interpol and other relevant organizations. These checks may include criminal records, financial history, employment background, and any red flags that may arise from other countries where the applicant has resided.

Furthermore, applicants must provide references from reliable sources such as their bank or an attorney attesting to their character and suitability for Namibian citizenship. They may also be required to provide a good conduct certificate from their current country of residence.

The due diligence process also involves a face-to-face interview with the applicant to assess their motivations for seeking Namibian citizenship and examine their knowledge about the country’s culture, history, and laws.

Overall, the level of due diligence conducted varies depending on each individual case, but it is generally thorough and rigorous with strict criteria that must be met before citizenship is granted through investment in Namibia.

14. Are children born to citizens through investment automatically granted citizenship?

No, children born to citizens through investment must go through the same naturalization process as any other child. They are not automatically granted citizenship solely based on their parents’ investment status.

15. Are there any restrictions on which countries can apply for citizenship by investment in Namibia?

Yes, there are restrictions on which countries can apply for citizenship by investment in Namibia. Applicants must be citizens of a country with which Namibia has a bilateral investment promotion and protection agreement (BIPPA). Currently, this includes countries such as China, Malaysia, Mauritius, South Africa, and Switzerland. Citizens of other countries may also be eligible if approved by the Ministry of Home Affairs and Immigration.

16. Does receiving citizenship through investment grant me voting rights and access to government services?

Yes, receiving citizenship through investment typically grants individuals voting rights and access to government services in the country where they are obtaining citizenship. However, each country may have their own specific laws and regulations regarding these privileges and it is important to research and understand them before making an investment.

17. Is it possible to lose my newly acquired citizen status if I fail to maintain my initial investment?

Yes, it is possible for your citizenship status to be revoked if you fail to maintain the initial investment required for the acquisition of citizenship. This could happen if you sell your investment or withdraw it below the required threshold, or if you fail to fulfill any other conditions or obligations that were outlined in your citizenship approval. It is important to carefully review all of the terms and conditions attached to your citizenship acquisition to avoid any potential risk of losing your status.

18. Can I include dependents such as parents or siblings on my application for citizenship by investment in Namibia?

No, dependents such as parents or siblings cannot be included on your application for citizenship by investment in Namibia. The program only allows for the main applicant, their spouse, and any dependent children under the age of 18 to be included in the application. Each dependent child above the age of 18 will need to separately apply and meet the eligibility criteria to obtain citizenship through investment.

19. Does holding another passport affect my eligibility for gaining full citizen status through investing in Namibia?

Holding another passport does not affect your eligibility for gaining full citizen status through investing in Namibia. However, it is important to note that some countries have restrictions on dual citizenship and it is advisable to check with both countries’ laws before making any commitments.

20. Are there any tax implications associated with gaining economic residency and/or full nationality through investing in Namibia?

Yes, there may be tax implications associated with gaining economic residency and/or full nationality through investing in Namibia. It is recommended to consult with a tax professional or local authorities in Namibia for specific information regarding taxation and investment.