This article clarifies the difference between a Memorandum of Incorporation and a Shareholders' Agreement.

Submitting your Annual Return to ensure the ongoing compliance and good standing of your company.

CIPC to enforce Beneficial Ownership Declaration with Annual Return Filings for Companies and Close Corporations.

In the realm of corporate governance and financial transparency, compliance with regulations is paramount. The recent implementation of mandatory reporting obligations for beneficial ownership by all entities registered with the Business and Intellectual Property Authority (BIPA) in Namibia is a significant development in this regard.

CIPC implemented a new multi factor authentication for director amendment applications.

An update on the mandatory submission of beneficial ownership registers with CIPC and FHBC’s offering.

The CIPC received a mandate to request companies to file and update Beneficial Owner Information by completing a Beneficial Ownership Register. FHBC would like to offer our clients the option of submitting its Beneficial Ownership register to the CIPC.

FHBC would like to offer its clients the option of acting as the Statutory address for all company records as stipulated in the Companies Act.

Trustees and Trust Practitioners / Administrators need to comply with the Financial Intelligence Act (FIA) in terms of Section 5 to prevent de-registration of trusts.

It is very important for Close Corporations and Companies to comply with the requirements of the Companies Act and to adhere to the annual mandatory filing of the COR30.1 and COR30.2 or AFS and the Compliance Checklist (where applicable) with CIPC, not to be deregistered, investigated, issued with a Compliance Notice or ordered by a court to pay an administrative fine.