Related documents
- Is amended by Foreign Investments Amendment Act, 1993
- Is commenced by Commencement of the Foreign Investment Act, 1990
Foreign Investments Act, 1990
Act 27 of 1990
- Published in Government Gazette 129 on 28 December 1990
- Assented to on 19 December 1990
- Commenced on 7 July 1992 by Commencement of the Foreign Investment Act, 1990
- [This is the version of this document from 1 December 1993 and includes any amendments published up to 11 October 2024.]
- [Amended by Foreign Investments Amendment Act, 1993 (Act 24 of 1993) on 1 December 1993]
1. Interpretation
Part I – Administration of Act and principles regarding foreign investment
2. Administration of Act
Subject to the laws governing the public service, there shall be established in the Ministry of Trade and Industry a division, to be known as the Investment Centre, to assist the Minister in the administration of this Act.3. Business activities of foreign nationals
Part II – Status Investments
4. Minister’s power to issue Certificate of Status Investments
If the investment of foreign assets in Namibia is an eligible investment as defined in section 5, the Minister may, subject to the provisions of this Act, issue a Certificate of Status Investment in respect thereof and the provisions of sections 8 to 13 shall apply in relation to the enterprise in respect of which the Certificate has been issued.5. Investments eligible for Certificate of Status Investment
6. Application for a Certificate of Status Investment
7. Grant of a Certificate of Status Investment
8. Availability of foreign currency for certain payments
9. Availability of foreign currency for transfer of profits and proceeds of sale
10. Retention of foreign currency obtained from sale of exported goods
11. Compensation in case of expropriation
12. Obligations of holder of Certificate
13. Settlement of disputes in respect of Status Investments
14. Amendment and transfer of a Certificate
The Minister may, with the consent, or on application, of the holder of a Certificate, as the case may be, amend a Certificate issued under this Act or transfer the Certificate to any other foreign national.15. Cancellation of a Certificate
Part III – Miscellaneous
16. Offences
Any person who -17. Regulations
The Minister may make regulations prescribing -18. Temporary provision relating to foreign exchange
19. Application
The provisions of this Act relating to Status Investments shall apply to any investment of foreign assets in Namibia, irrespective whether such investment was made before or after the commencement of this Act.20. Short title and commencement
History of this document
01 December 1993 this version
Amended by
Foreign Investments Amendment Act, 1993
07 July 1992
Commenced by
Commencement of the Foreign Investment Act, 1990
28 December 1990
19 December 1990
Assented to
Cited documents 0
Documents citing this one 31
Gazette 20
Judgment 6
Act 3
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Subsidiary legislation
Title | Numbered title |
---|---|
General Regulations, 1992 | Government Notice 120 of 1992 |