IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 Nov 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 5 November 2010, the parliament of Namibia adopted the Banking Institutions Amendment Act No. 14 of 2010 authorising foreign banking institutions to establish branches in the country.
 
The Amendment in Section 19A(Act 14 of 2010) allowes for the entry of :
An institution which has been incorporated in a country other than Namibia and which lawfully conducts in such other country a business similar to banking business (hereinafter referred to as the foreign institution)

AFFECTED COUNTRIES

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