Namibia is a Southwestern African country known for the Namibia Desert, the oldest desert in the world, that runs along the Atlantic Ocean coastline. It also borders Zambia, South Africa, Botswana, Zimbabwe,...
Read MoreNamibia is a Southwestern African country known for the Namibia Desert, the oldest desert in the world, that runs along the Atlantic Ocean coastline. It also borders Zambia, South Africa, Botswana, Zimbabwe, and Angola. The country has a diverse wildlife population, including cheetahs, rhinos, and giraffes.
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Namibia is a Southwestern African country known for the Namibia Desert, the oldest desert in the world, that runs along the Atlantic Ocean coastline. It also borders Zambia, South Africa, Botswana, Zimbabwe, and Angola. The country has a diverse wildlife population, including cheetahs, rhinos, and giraffes.
Many companies want to expand to Namibia and take advantage of certain industries, including tourism, mining, fishing, agriculture, and more. But a global expansion requires time, energy, and money related to aspects such as payroll, hiring, and compensation and benefits. As a global PEO, Globalization Partners can handle all aspects of your expansion, including payroll through Namibia payroll outsourcing and other services.
Namibia uses a progressive income tax scale that ranges from 0-37%. Employers must know all the right tax laws and submit them through a Pay As You Earn (PAYE) system. As an employer, you’re required to withhold the right amount of taxes from employees’ paychecks, then submit them within 20 days after the month’s end.
Employers and employees typically split social security contributions 50/50. Everyone contributes 0.9% of earnings at a minimum of N $2.70 up to N $81. Social security payments also need to be submitted within 20 days after the end of the month.
When you start to set up your Namibia payroll, you can choose between four different options:
If you want to set up your Namibia payroll, you need to have the right structure in place. A subsidiary will allow you to work in the country and handle all important tasks, but it can take weeks or months to establish. Globalization Partners will help you start working faster through our Namibia PEO. Instead of you having to set up your own Namibia payroll, we’ll add your employees to our existing and compliant payroll for a fast expansion.
How do entitlement and termination terms relate to payroll? Since terminating an employment contract can be a challenge, we recommend outlining these terms before hiring an employee and adding them to the payroll. One of the main regulations is the period of notice. Both employees and employers must give notice of termination depending on how long the employee has worked for the company. For example, notice periods include one day for employment of four weeks or less and one month for employment of more than one year.
Globalization Partners wants you to expand to Namibia and beyond without worries about the incorporation process. Contact us today to learn more about Namibia payroll outsourcing.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
