Enterprise Registration Institutions and Purposes

Vocabulary flashcards outlining the various institutions in Namibia where business enterprises must register and their specific purposes.

Ministry of Industrialisation, Trade and SME development

An institution where enterprises register to acquire a business trading license, get their business name approved, and acquire a business registration certificate.

Local Authority (Municipalities/Villages/Towns Councils)/Traditional Authority

Authorities where enterprises register for premises to be approved and to obtain a good standing certificate.

Social Security Commission

An institution where enterprises register employees for social benefits such as sick leave, maternity leave, disability compensation, and death benefits.

Directorate of Inland Revenue - Ministry of Finance

The government institution where enterprises must register for tax purposes.

Bank of Namibia

The institution responsible for the registration of commercial banks and acting as banker to the bankers.

NAMFISA

The body for non-bank financial institutions responsible for the registration of financial institutions (e.g., micro lending, cash loans) and effectively regulating and supervising financial institutions in Namibia.

Division of cooperatives Development, Ministry of Agriculture, Water and Rural Development

The institutional division responsible for the registration of co-operatives.