Elections

 

The Ministry of Home Affairs, Immigration, Safety, and Security (MoHAISS) has dismissed information circulating on social media alleging favoritism in the issuance of Namibian citizenship and permits to foreign nationals who purchased residential property in the "Presidents Links Estate" at Walvis Bay.

In a statement, the Home Affairs Ministry says it welcomes investment into the country and issues qualified foreign investors with relevant permits in line with laws and procedures.

The Ministry rejected the notion that it favors or endorses any particular company or project.

The ministry held consultations with the Namibia Investment Promotion and Development Board (NIPDB) and is now in the process of drafting a 'Golden Visa' program in accordance with Harambee Prosperity Plan II.

Executive Director Etienne Maritz says his ministry ensures that companies comply with relevant laws, regulations, and processes and that the final version of the program will be submitted to the Cabinet for approval. 

Meanwhile, the NIPDB says the Golden Visa program, active in over 100 countries, is a way to attract high-net-worth individuals to Namibia. 

Maritz says the program offers investors permanent residence to allow them and their families to live, work, and invest in the country in accordance with certain terms and conditions.

The NIPDB says the potential for using similar programs to drive economic growth is considered in the Harambee Prosperity Plan II.

The NIPDB is currently working closely with the MoHAISS to ensure that all aspects and potential gaps in the program are met before submitting the Golden Visa program to Cabinet for approval.

Foreign investors who intend to invest in the country can contact the Namibia Investment Promotion and Development Board.

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Photo Credits
The Namibian
Author
Lucy Nghifindaka