Corporate Profile
1. INTRODUCTION
We offer an in house, one stop service on exchange control related matters, from training of personnel of Authorized Dealers, Customer Services, Namibian Police and bonded warehouses to the drafting of appropriate agreements through to the preparation and motivation of applications to the Central Banking of Namibia. SURU Namibia provides sound advice on all aspects relating to the purchase and sale of foreign currency, cross border transactions and internal trade, the export of goods and capital, income transfers, immigration, emigration and assistance with application for foreign exchange license to buy and sell foreign currency.
SURU Namibia provides sound advice on all aspects relating to the purchase and sale of foreign currency
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SURU INVESTMENTS CC
Mrs. Sylvia Shikongo
2.
ABOUT THE FOUNDER OF SURU NAMIBIA
Mrs. Sylvia Shikongo has been with the Bank of Namibia since 1991 and has build up extensive experience and expertise in all aspects of exchange control
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Since 2003, she has been heading
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Internationally she has interacted with
the Exchange Control Division of the
foreign investors, IMI, SADC and CMA.
Bank of Namibia.
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She has been involved in the application
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Locally she has dealt with the Commercial
and amendments of the Exchange
Crime Unit of the Namibian Police,
Control Policy, the adjucation of
Ministries on cross border transactions
applications, the investigation of
i.e. inward grants, foreign currency
contraventions of the provisions of the
denominated accounts etc.
Exchange Control Regulations and has
given evidence in my many exchange
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She has established relationships with
control court cases as an expert witness.
various government departments,
Financial Intelligence Service, Ministry of
Finance and many authorized dealers in
Foreign exchange
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Mrs. Shikongo contributed to the drafting
of the Exchange Control Legislation.
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She was a member of the SADC Exchange
Control Committee.
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3.
EXCHANGE CONTROL SERVICES.
The exchange control legislation governs the cross border transactions and regulates the import and export of foreign exchanges. For exchange control related requirements, we provide the following services:
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Advisory services under the Exchange
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Advice on the exchange control rulings
Control Act
and their implications
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Cross border transactions
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International trade
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Compliance such as filing of appropriate
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The export of goods
statutory forms and obtaining approvals
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Capital or income transfers by residents
from the Bank of Namibia (BoN).
above the designated limits
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Outward loan transfers by residents
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Training to Authorized Dealers staff and
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Loans from non-residents to residents
management, Customs Services, Law
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Local financial assistance to foreign
Enforcement Institutions etc.
controlled companies above the limits
stipulated for Authorized Dealers
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Business set up services
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Transfers by emigrants above the limits
SURU INVESTMENTS CC
Our business set up services is devised in such a
We offer the following services for inbound/
way as to advice our foreign clients in successfully
outbound investments:
setting up their businesses by fulfilling the various norms and requirements of the exchange control
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Assistance in obtaining investment
regulatory framework of Namibia.
approvals from the Bank of Namibia as
We take a “hands-on” approach to provide “ on the ground” assistance to establish and develop their business. •
Inbound and outbound investments
Due to the expertise and experience available in SURU Namibia, we understand the importance of sound inbound/outbound investment strategy, as it is essential to achieve the business objectives of cross-border investments. There can be various situations under which approvals may be required to invest in our outside Namibia. Businesses may also require approvals for cross-border loans.
required -
Assistance in obtaining approvals for
external commercial borrowings.
There can be various situations under which approvals may be required to invest in our outside Namibia.
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NOTES
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NOTES
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P.O Box 28210 Olymipia, Windhoek, Namibia Mobile: +264 81 2812345 Fax-2-Email: +264 88 785 631 Email: sshikongo@suruinvest.com.na