What is a Security Company?

A private security company is a business corporation, which provides armed and unarmed security services and expertise to private and public clients.

Where To Register a Business in Namibia

• the Ministry of Finance (registration for VAT and Company Tax)
• the Ministry of Labour.
• the Ministry of Home Affairs (work permits, visas, etc.)
• the Social Security Commission.
• NAMFISA.
• Business and Intellectual Property Authority of Namibia, BIPA,

How To Register A Security Company In Namibia

Application for registration as security enterprise

(1) An application for registration as a security enterprise shall be made to Security Enterprises and Security Officers Regulation Board (SESORB) on a prescribed form and shall be accompanied by –

(a) a clear and complete set of finger prints taken in the prescribed manner, of the applicant if the applicant is a natural person or of each director if the applicant is a company or of each member if the applicant is a close corporation or a partnership; and
(b) the prescribed application fee.

(2) Any person applying in terms of subsection (1) for registration as a security enterprise shall furnish such additional particulars in connection with such person’s application as SESORB may determine.

(3) If SESORB is satisfied that this Act has been complied with in respect of an
application referred to in subsection (1), it shall grant the application and register the applicant as a security enterprise.

(4)A business shall not be registered under subsection (3) unless, in the case of the owner being a natural person, such person or, if the owner is a company, a close corporation or a partnership, every director, member or partner thereof is also registered as a security officer.

(5)Where SESORB refuses to grant an application to an applicant under this section, it shall furnish the applicant with its reasons.

Frequently Asked Questions (FAQ’s)

How do security companies get contracts in Namibia?

Searching local, county, state and federal procurement portals for security-related contracts is a good first step. While thousands of such portals post contract opportunities every day, by focusing your efforts in the geographic area where you are able to provide services, you can make your search more manageable.

How do security agencies work in Namibia?

A security agency is a government owned organisation present in every country that conducts activities to ensure that the country is safe and secure. A private security company is a business establishment, which provides armed and unarmed security services and expertise to individuals.

How much do security companies charge clients in Namibia?

Security guard companies tend to have a range of prices, depending on the services they’re offering. For unarmed security, you can charge between $10 and $25 per hour. For armed security, you can charge from $35, up to even $100, if it’s a special or high-risk event. However, this is not the only way to charge clients.

Can I start a business without registering it in Namibia?

It is entirely legal to operate as a sole proprietorship without registering your company. All you need for IRS recognition is that you file your first business tax return, as required by federal law.

What licenses do I need to start a security company in Namibia?

At a minimum, most security businesses will need to complete certification, such as the Private Patrol Operator License or Qualified Manager License, which involves fingerprinting, a background check, and training. For companies offering armed guards, further requirements may apply

What do security companies offer in Namibia?

Examples of services provided by these companies include the prevention of unauthorized activity or entry, traffic regulation, access control, and fire and theft prevention and detection. These services can be broadly described as the protection of personnel and/or assets.

What power do security guards have?

Under the Citizen’s Arrest clause, private citizens and private police, such as security guards, have the power to arrest a person committing a crime.

What is the average profit margin for a security company in Namibia?

To put it in basic terms, security companies make roughly 30% – 40% off of each operator it supplies, however only about 7% – 15% is what they actually take home after the deductions. (Based on small to medium business studies and research in the event security staffing industry).

How do I register a cash loan business in Namibia?

The applicant will be required to complete the application form and submit the following documentation with the completed application form to NAMFISA: 5.1 A certified copy of Income Tax registration certificate of the Cash Loan Business as issued by the Ministry of Finance.

How do I register my SME in Namibia?

Requirements to Apply for SME Certificate

1. Copy of Company Registration Certificate,
2. Social Security Commission Good Standing Certificate not older than 3 months,
3. VAT Good Standing Certificate not older than 3 months, and.
4. Certified Copies of IDs of all members/owners of the Company .

How do I register a business in Namibia?

A business name can be reserved with the Business and Intellectual Property Authority of Namibia, BIPA, which is an agency under the Ministry of Industrialisation, Trade and SME Development (MITSMED). This process can be done at any BIPA office or on-line at ww.bipa.na.

Can foreigners open a business in Namibia?

The most common structure for a Namibian investor permit applicant is a Namibian company. It therefore follows that a foreign shareholder can own 100% of the shares in a Namibian company. The company may appoint Directors and shareholders need not be natural persons.

How do I register a micro business loan in Namibia?

To register a new micro finance company a non-refundable application fee of R500 is needed as well as a R250 branch fee per location. Application forms and all relevant regulations can be easily downloaded from the NCR website or you can download the forms below: Application for registration as a credit provider.

What is the main purpose of a business in Namibia?

The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.

What businesses will always be in demand in Namibia?

• IT & Design. Everything is online these days so it is a no-brainer that IT & design is an industry that is going no-where.
• Renewable Energy & Environmental.
• Transport.
• Insurance.

How can a woman start a small business in Namibia?

The most common permits most women business owners will need are a fictitious name certificate, or DBA, and an employer identification number, or EIN. DBAs are needed if you are using a name for your business that is not your own legal name, and are usually obtained at the county level.

How do start my own business in Namibia?

• Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business.
• Write your business plan.
• Fund your business.
• Pick your business location.
• Choose a business structure.
• Choose your business name.
• Register your business.
• Get federal and state tax IDs.

How do I get a work permit in Namibia?

What Are the Requirements to Obtain a Work Permit in Namibia?

1. A signed and completed application form.
2. A passport that’s valid for at least three months beyond the projected expiration of the work permit.
3. Two passport photographs.
4. A letter from the employing company in Namibia.
5. A copy of the advertisement for the job position, if the employer advertised it
6. A medical certificate stating that the applicant is in good health
7. A radiological report
8. Proof that the applicant has health insurance coverage for their time in Namibia
9. A certificate of police clearance from the applicant’s country of residence
10. Copies of the applicant’s highest education certificate as well as any other certifications that qualify them for the position
11. A copy of the applicant’s marriage certificate, if applicable

Applicants will need to submit all required documents in English.

In addition to these requirements, the employer will also need to provide a variety of documents, such as a copy of the company’s registration document.