Export Processing Zone
The Walvis Bay EPZ provides a politically stable, virtually crime-free environment, reliable work force and lower production costs. Its incentives are of unlimited duration and apply equally to Namibian and foreign firms. The most attractive and lucrative aspect of the EPZ is the tax-free and low overhead incentives it provides to investors. Furthermore, companies are allowed to repatriate their capital and profits, while enjoying freedom from exchange controls and the holding of foreign currency accounts at local banks.The labor force is young, reliable, trainable and in abundance. Walvis Bay has banking and insurance facilities to cater for the needs of international investors.
The Walvis Bay EPZ does not restrict investors to an industrial sector, as is typically found in similar zones. Investors are free to engage in any manufacturing and value addition processes of their choice, anywhere in Walvis Bay. The Walvis Bay EPZ is looking for investors to set up production plants in the following priority industries such as textile and garment industries, footwear, manufacturing and assembly of electronic equipment, processing industrial products, food stuff and beverages, industrial plastic (without chemical materials), assembling or producing electrical household products, storage and warehousing as well as break-bulk activities (Repackaging).
Since the inception of the Walvis Bay EPZ Management Company in 1996, the idea of expanding the industrial base of Walvis Bay has rapidly gained momentum and the zone is growing fast into one of the world’s newest EPZ success story. The management company’s key purpose is to market Walvis Bay as the safe destination for Foreign Direct Investment (FDI) as a means of fast tracking the industrialization program of the Namibian government.
Being favorably located close to the Port, there is a quick access to the quays where bulk cargo and containers are handled. Walvis Bay’s strategic location reduces trans–shipment time, making it the cost effective choice. Surrounded by a unique and fascinating environment of ethereal dunes of the oldest desert in the world, the Namib Desert, the EPZ regime in Walvis Bay is a window to world trade and investment.
With EPZ status, an investor enjoys the following advantages:
Preferential market access to the EU, USA and other markets due to Namibia’s signatory to the Lome Convention and GSP
Access to the COMESA market of more than 300 million people
Access to non-SACU member countries (Angola, DRC, Zambia, Tanzania, Mauritius, Zimbabwe, Botswana and Mozambique)
Walvis Bay Export Processing Zone Management Company
Tel: +264 64 205 095
Fax: +264 64 206 132
EPZ Web site