Namibia Launches New 5-Year Permit for Foreign Investors and Business Owners

Namibia is due to introduce a new five-year permit for qualifying foreign investors and business owners from September 1, 2026, offering them a longer-term option to work and operate businesses in the country.

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• Australia Work Visa Processing Time Increases to 1 Year.
• Applications for the new permit will have to be submitted manually through the Namibia Investment Promotion and Development Board (NIPDB).
• Approved applicants will be required to pay a administration fee of NAD 2, 600.
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Notably, the Employment Permit to Conduct Business, introduced by the Ministry of Home Affairs, Immigration, Safety and Security, will allow eligible foreign nationals to stay for up to five years. Australia Work Visa Processing Time Increases to 1 Year.

This is significantly longer than Namibia's existing Investor Permit. It is generally issued for up to two years.

For context, the NIPDB will evaluate the proposed investment and its potential economic impact before forwarding eligible applications to the Chief of Immigration. The Immigration Selection Board will create the final decision. Australia Emerges as a Top Job Destination for Pakistani Workers.

Foreign nationals who do not qualify for the new five-year permit can continue applying under the existing Investor Permit.

For context, the new permit is projected to encourage foreign investment and backing economic expansion in Namibia. Stay Connected with ProPakistani. Obtain the latest international news and global stories wherever you prefer. Follow on Google Discover.

Taken together, the developments around namibia Launches New 5-Year Permit for Foreign Investors and Business Owners point to a situation that is still moving, and the coming days should bring more clarity.