Close Corporation vs Pty Ltd Namibia — Which Should You Register?
Namibia recognises two main business structures for SMEs: the Close Corporation (CC) and the Private Company (Pty Ltd). The CC is simpler with a maximum of 10 members and no shares, while the Pty Ltd is share-based with unlimited shareholders and is strongly preferred by banks, foreign investors, and businesses with growth plans. This guide compares both structures side by side.
Namibia recognises two main business structures for SMEs: the Close Corporation (CC) and the Private Company (Pty Ltd). The CC is simpler with a maximum of 10 members and no shares, while the Pty Ltd is share-based with unlimited shareholders and is strongly preferred by banks, foreign investors, and businesses with growth plans. This guide compares both structures side by side.
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