Blog

THE Business and Intellectual Property Authority (Bipa) recorded a 7,3% drop in new business registrations in 2022 from 2021 figures.

According to a statement issued by spokesperson Ockert Jansen, a total of 12 666 new companies were registered with Bipa between January and December 2022.

“From the total number of registrations, 11 130 comprised close corporations, 1 153 were companies, 318 were Section 21 companies, 49 were defensive names, and 16 were foreign companies,” said Bipa registrar Vivienne Katjiuongue.

Katjiuongue said the authority recorded a total of 13 594 registrations during 2021, and added that although Bipa observed a decline of 9% in the registrations of CCs during 2022 compared to 2021, the authority saw an increase in the number of companies registered by 12% compared to the previous year.

Out of the 12 666 business entities registered by Bipa, the authority also recorded a total of 869 deregistrations for 2022, of which 613 were CCs and 256 were companies.

“A total of five companies were put under liquidation during the same period,” Katjiuongue said.

Explaining the reasons behind the drop, Katjiuongue said: “The number of registrations fluctuate year on year, depending on the socio-economic climate in Namibia and the appetite in the country.

“Therefore Bipa is confident that should the investment climate and economic activities improve, especially in the domestic market, we may see an uptake in new business registrations for the ensuing year,” Katjiuongue said.