SUGETECH INVESTMENTS
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Frequently Asked Questions

Find answers to common questions about our accounting and business services

Click on any question below to see the answer

Accounting & Bookkeeping

Do I need an accountant for my small business?

Yes, having a professional accountant is highly recommended for small businesses. An accountant helps you maintain accurate financial records, ensure tax compliance, maximize deductions, and provides valuable financial insights to help your business grow. It's more cost-effective than hiring an in-house accountant and ensures you meet all regulatory requirements.

What accounting services do you provide?

We offer comprehensive accounting services including monthly bookkeeping, financial statement preparation, bank reconciliations, accounts payable and receivable management, management reports, and year-end accounts. We tailor our services to meet your specific business needs.

How much does it cost to hire an accountant?

Our fees depend on the complexity and size of your business, services required, and frequency of service. We offer affordable packages starting from as low as N$1,500 per month for basic bookkeeping. Contact us for a free consultation and customized quote based on your specific needs.

Tax Services

What tax services do you offer?

We provide comprehensive tax services including income tax returns preparation, VAT registration and returns, PAYE management, provisional tax calculations, tax planning strategies, and assistance with InRC queries and audits. We ensure your business stays compliant with all Namibian tax regulations.

When do I need to register for VAT?

In Namibia, VAT registration is mandatory when your taxable supplies exceed N$500,000 in any 12-month period. You can also register voluntarily if your turnover is below this threshold. We can assist with VAT registration and ensure you understand your obligations.

What are the tax filing deadlines in Namibia?

Individual tax returns are due by June 30th (or September 30th with extension). Company tax returns are due within 7 months after year-end. VAT returns are due by the 25th of the month following the reporting period. PAYE payments are due by the 20th of each month. We ensure all your tax filings are submitted on time.

Business Registration

What types of businesses can you register?

We can register all types of business entities in Namibia including Private Companies (Pty Ltd), Close Corporations (CC), Trusts, Sole Proprietorships, and Partnerships. We'll advise you on the best structure for your specific situation.

How long does business registration take?

Company registration typically takes 5-10 business days once all required documents are submitted. CC registration can be completed in 3-7 business days. We ensure all paperwork is correctly prepared to avoid delays. Express services may be available for urgent registrations.

What's the difference between a Pty Ltd and a CC?

A Pty Ltd (Private Company) has shareholders and directors, can have unlimited members, and is generally better for larger businesses or those seeking investment. A CC (Close Corporation) has members rather than shareholders, is limited to 10 members, and has simpler administration requirements. We can help you choose the best structure for your needs.

General Questions

How do I get started with your services?

Simply contact us via phone, email, or WhatsApp to schedule a free initial consultation. We'll discuss your business needs, recommend appropriate services, and provide a customized quote. Once you agree, we'll begin the onboarding process which typically takes 1-2 days.

Do you work with startups?

Yes, we have extensive experience working with startups and new businesses. We offer startup packages that include business registration, tax registration, initial bookkeeping setup, and financial advisory to help you start on the right foot.

What industries do you serve?

We serve businesses across all industries including retail, hospitality, construction, IT services, healthcare, education, manufacturing, professional services, and more. Our team has experience with various industry-specific requirements and regulations.

Is my financial information kept confidential?

Absolutely. We adhere to strict professional ethics and confidentiality standards. All client information is securely stored and never shared with third parties without your explicit consent. Your financial privacy is our top priority.

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