KUALA LUMPUR, March 1 (Bernama) -- Henley & Partners, the global leaders in residence and citizenship planning, has launched Namibia Residence by Investment Program, the world’s latest investment migration option and Africa’s second.
The programme provides numerous opportunities for international investors seeking a foothold and growth on the African continent, including tax incentives, financing, and a one-stop bureau service for international companies.
Henley & Partners Group Head of Private Clients, Dominic Volek, in a statement said: “We are delighted to announce this innovative new residence by investment offering in Africa.
“Namibia’s stunning landscape, attractive tax system, and business-friendly environment make it an ideal option for international entrepreneurs, high-net-worth individuals or retirees.”
Currently, the new luxury golf and eco-friendly President’s Links Estate in Walvis Bay is the only investment route for the Namibia Residence by Investment Program.
Volek pointed out that there has been significant and ongoing growth in the demand for residence and citizenship by investment options over the past few years.
“The appeal of investment migration for affluent families is truly universal due to its many benefits, ranging from domicile diversification to global mobility enhancement, to accessing world-class education and healthcare, to having a plan B in times of turmoil,” he added.
The total private wealth currently held on the African continent is US$2.1 trillion and is expected to rise by 38 per cent over the next 10 years, according to the Africa Wealth Report, published by Henley & Partners in partnership with New World Wealth. (US$1 = RM4.49)
Namibia is expected to be one of Africa’s fastest growing markets going forward, with high-net-worth individuals (those with wealth of US$1 million or more) growth of over 60 per cent forecast for the next decade (until 2032).
According to New World Wealth’s December 2022 statistics, Namibia holds US$26 billion in total investable wealth. The average wealth of a resident of Namibia (wealth per capita) is US$10,050, ranking as the third highest in Africa after Mauritius and South Africa.
-- BERNAMA
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