Residence permit for real estate investments in Namibia
The Republic offers attractive conditions for foreign investors wishing to obtain a long-term visa or citizenship by investment in Namibia. The Foreign Investment Act is aimed to attract capital and develop the economy, granting the right to buy housing in promising projects.
The Residence permit in Namibia for investment in real estate is a programme that offers luxury residences in the President's Links Estate complex near the picturesque Dorob National Park. The project includes luxury villas and apartments overlooking the ocean and golf courses. The cost of a residence permit in Namibia through real estate investment in this project is a minimum of NAD 3.95 million ($215,000).
The applicant will receive a 5-year visa. Renewal of residence permit in Namibia is possible if the owner complies with the requirements and confirms ownership of the home. It is necessary to maintain investments for 7 years, which will allow you to apply for citizenship.
It is allowed to obtain a visa not only for investment in real estate. Among other types of residence permit in Namibia are visas for businessmen, employees of local companies, students, retirees, and family members of citizens. Each type of residency has its requirements and conditions that should be considered when applying.
Conditions for obtaining a residence permit in Namibia
To get a residence permit in Namibia, the following requirements must be met:
- Invest a minimum amount in the project.
- Confirm the legality of the funds.
- Present a certificate of criminal record.
- Undergo a medical examination.
- Provide a plan for the use of the property.
- Confirm registration with the country's tax office.
- Pay government fees.
- Comply with local laws.
Documents to obtain a residence permit in Namibia
An applicant can apply for a Namibian residence permit by submitting the following documents:
- Completed visa forms.
- Passport.
- Photos.
- Real estate documents.
- Certificate of investment status.
- A certificate of no criminal record from the country of origin and the country where the applicant has lived for more than 12 months.
- Medical certificate.
- Proof of the source of funds: bank statements, tax returns, etc.
- Real estate use plan.
- Receipts for payment of fees.
- Marriage or divorce certificate.
- Documents for family members.
The documents must be translated into English.
Citizenship in Namibia
To become a citizen, one must first have a permanent residence status for 10 years. The applicant needs to:
- Be over 18 years of age.
- Be lawfully present in the republic.
- Seek to continue to reside in the country.
- Renounce other citizenship.
- Be in good standing.
- Understand their rights and obligations to the state.
- A criminal record certificate from the country of origin, the country of last residence, and the Namibian police.
The Namibia passport offers visa-free travel to Russia, Brazil, Mauritius, and Seychelles, as well as simplified business in the countries of the Southern African Development Community.
