Millionaires are Packing for Namibia: The 'Australia of Africa' - Andrew Amoils

In Namibia, there are only three people per square kilometre, the top income tax rate is 37%, citizens pay no capital gains tax, and there is no estate duty to be paid. Added to this low population density and tax regime are abundant natural resources and low crime rates, which is why our neighbouring country in the desert is being tipped to be the next hot spot for dollar millionaires by wealth analysts at New World Health (NWH). In an interview with BizNews, Head of Research at NWH, Andrew Amoils said that Namibia shares many traits with Australia and could be described as the Australia of Africa. He says it is becoming a popular retirement destination, especially in parts of Windhoek and the areas between Swakopmund and Walvis Bay, where lifestyle estates are on the rise. If South Africa was safe and followed Namibia’s capital gains tax and estate duty policies, he said, it would be one of the wealthiest countries in the world in a decade. - Linda van Tilburg
Video production by Asime Nyide
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Timestamps
00:09 - Introductions
00:35 - Andrew Amoils on why Namibia has become a millionaire hotspot
02:53 - On if people go to retire there or to buy a second home there
04:56 - Dollar millionaires
06:06 - On if people are worried about corruption given Namibia’s history
07:33 - Namibian Currency
08:32 - Where do the millionaires come from
10:15 - Is there a golden visa or easy access
11:14 - Namibia’s trajectory
12:23 - The strongest grower at the moment
13:57 - Whats the profile of someone who is looking for a low tax base
16:19 - Conclusions
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[@KushathaK]

As a Motswana from Botswana , i like Namibia as well, the vibe is almost similar to that of Botswana which is peaceful.

[@thabisokekana3704]

The Boers will go and start bothering the natives

[@pushingp6945]

@@thabisokekana3704they’re already white people in Namibia , Namibia is the second African country with a large white population after South Africa

[@sonyamentile4747]

I still dont understand how people compare namibia with SA in terms of corruption..SA has no form of respect amongst their own people..they live in hate and racial disputes and its a continues cycle that badly affect the growth of the economy..however its inevitable for any nation to have complete equality of resources and a suberb quality of living standards for every citizen..but what makes namibia safe and highly potential above other african countries is the respect, values and dignity these people have for themselves and others around them..i can surely say Namibia and Rwanda are hand in hand the most safest,CLEANEST countries in africa..south africans have no respect for even for their own people 😢..

[@ThereisHappiness4]

One thing I can say about Namibia is the strict laws. It's not a place to behave as you wish. The police really take their job seriously and with pride. The cleanliness is also something to mention. Comparing to many places...its definitely peaceful and quiet. Cannot take that away from the country. Since I was a child, I heard people saying Namibia is going to be like some bad places in the world. I am past 30 and I am still waiting.

[@kafferhond435]

I am past 50, and still waiting🤣 The huge oil discoveries are going to rocket us into 1st World Status...😉

[@moniquedefranca5759]

True, the police are very present, however is very difficult to emigrate to Namibia.

[@moniquedefranca5759]

@@kafferhond435 You really think so? I think huge corporations and politicians will profit like most other countries. Normies wont see a cent.

[@esthersbucketlist]

Am also glad that Namibia is strict on granting citizenship and very serious with the immigration rules

[@E-newsNamibia]

I can assure you safety and cleanliness..... As a real estate agent in Namibia I am excited to serve the millionaires properties 😊

[@GunnyPerrero]

No welfare, high crime rates, most dangerous roads and we still have people starving of hunger. You cannot even compare the poverty here to Australia. Please also don't come here we have enough problems.

[@RicksPhatPharm-vw2lb]

It's astounding that BizNews refuses hot button topics like access to land for minorities to farm on or illegal immigrants! Any topic except the ones that matter

[@SpencerCourtis]

Good point. Are you willing to turn rocks into highways, dust bowls into universities if given land...?

[@marvindube3572]

@@SpencerCourtis typical racist response? u're assmption that we're not good enough to have land and won't make it productive is incredible. What makes you the judge whether we must get land back and on what terms?

[@blessedonexxx9913]

Some people just think that all whites have land. ... while my experience is just the opposite. Even the house workers go to the 'farm' during their holidays.. which shows that their family does own land. My family don't own land... we've been renting a house for many years... (even though we have worked very hard) while others whom people assume to be deprived of land, drive around in posh cars, spend at least R1000 when eating out, wear the best clothes and don't care a bit about the beggars in the streets. (Sorry, I'm already quite old... and that was my observation. Forgive me if I'm wrong.)

[@kafferhond435]

The Nam govt needs to abolish current Land Reform policies, and Affirmative Action and this NEEEF shit....

[@kafferhond435]

​@@blessedonexxx9913Yes!!

[@neilarmitage6632]

Water is scarce very scarce

[@markmall7142]

This man must tell you how many people return . The grass isn't that much greener in Namibia. If you have mega wealth you might as well stay in SA or go to elsewhere.

[@thiboznjabu64]

The truth is that Namibia is actually an unofficial province of RSA (Botswana, Eswatini, Lesotho too ) - take away the South African built infrastucture , industry and commerce (Banks , mines , retail,etc) then it's just another African "shithole" as Donald Trump deragutoraly said .

[@homodeus8713]

Isn’t it safer for whites there? The natives aren’t as hostile!

[@markmall7142]

@@homodeus8713 I don't necessary think so, I have family that have been affected by crime in Windhoek. Where you have poverty, you will have crime after all. I have faced more potential crime in England than here in Cape Town but it depends on which areas you move in.

[@gbone7581]

"The grass isn't that much greener in Namibia" was that pun intended?

[@E-newsNamibia]

Namibia is safer... All I can say is that crimes could happen anywhere when it's an unfortunate situation.

[@mzee5533]

The way I’ve studied African politics I’ll never take a chance with my investments in those countries especially those that got their independence from the so-called revolution.

[@joantonio6331]

Then stay wherever you are.

[@merle-wq9ir]

Couldn't agree more. 👏

[@TheReal5lim8uggy]

How can i get more information on the capital gain tax?

[@E-newsNamibia]

As I Namibian, I distance myself and The Namibian people from The fishrot scandal 🎉🎉🎉

[@vincentdeklerk5319]

South Africa has 2 or 3 fishrot scandals per day. Everybody in RSA is stealing all the time. a New scaldal(corruption, state capture etc) all the time. Namibia has one every 10 years. Gov in Namibia also steals( like all politicians) but not everything.

[@E-newsNamibia]

@@vincentdeklerk5319 Dit klink erger in Suide Africa 🤔🤔

[@vincentdeklerk5319]

Dit is. Meeste Suid Afrikaanse swart mense is kwaad vir hulself. Alles is die skuld van of apartheid of colonialism maar hulle eie mense gee niks vir hulle om nie. Na 30 jaar met hulle eie mense aan bewind is hulle nou slegter af. Dit sal nooit reg kom nie want dit is wat dit is. N Vis sal nooit op land reg kom nie.@@E-newsNamibia

[@mburumbaappolus6728]

Not a word about Namibia being one of the most unequal countries in the world iro income distribution, unemployment at circa 40% and the population living either in poverty in urban shanty-towns, dependent on government social grants or eking living from subsistence farming in the over-crowded northern communal areas.

[@markmall7142]

Yip correct Namibia is Amost South Africa light and expensive. They surly are colonised by the Chinese by now and still rely on the European countries for handouts to function.

[@mburumbaappolus6728]

@@hartmutpfeiffer6297 Herr Pfeiffer so the 96% of indigenous Namibian population must be reduced to being "decently paid" by the 4%. Think about my comment.

[@mburumbaappolus6728]

@@markmall7142Mr Mall a short lesson in post colonial history. 1954 Vietnam expelled 1.2m French settlers from the north. 1963 Algeria expelled 4m French settlers. Tanganyika sent home 509k settlers 1963-5. 1974-6 1.8m Portuguese settlers fled Ang/Moz. All the above countries are doing very well economically and socially. Do we need European settlers!!!!

[@breitie804]

@@mburumbaappolus6728 I really enjoyed your bit of humour about how well those post-colonial countries in Africa are doing. Thanks for the fairy tale. From and ex-South African and Namibian now living in Australia.

[@johanweakley2658]

​@@mburumbaappolus6728Tanzania and Mozambique doing well hey 🤣🤣🤣🤣. I've been to both those shitholes, and one can see what the SA model is based on.

[@breitie804]

As an ex-Namibian living in Australia, I have a slightly different view of the future of Namibia (the Australia of Africa! Ha ha!) Andrew did not mention agriculture which is a significant contributor to GDP. They used to have a massive Pilchard fishing industry but destroyed that through over-fishing and 'selling' fishing rights to all and sundry, often for personal gain, hence the 'fish-rot' criminal investigation. Also, don't forget street and property crime which is quite rife, with tourists frequently being the victims, which in turn does not help that endeavour. Namibia's foremost attraction is its vastness and emptiness, with most of it desert or semi desert, something I would probably not regard as a priority if I had several million dollars to invest. Diamonds and uranium are valuable contributors to GDP upon which the wellbeing of the nation largely rests. Big plans for 'green' hydrogen are largely pie-in-the-sky at this stage, just like they are in the other Namibia down under.

[@mathewman]

spot on with your comments, as an ex japie (now in aus) who did part of army service in SWA (as it was known then) fighting SWAPO & who has since removed his entire family out of AFRICA. PLEASE get out of AFRICA. You want 1) stable government 2) corrupt free government & civil service 3)top class free medical 4)decent retirement benefits

[@francoisrautenbach102]

You gave up your right to an opinion once you went over to Australia. Stop trying to make things sound worse than it is.

[@homodeus8713]

@@francoisrautenbach102100%

[@homodeus8713]

@@mathewmanThat’s what the guys in Lampadusa think and onto the boats they went

[@SaffaInNewZealand]

Having its currency linked to the Rand is like being a dingy strapped to the titanic 😂

[@homodeus8713]

Shanty compounds moving to Lampadusa and European fleeing to Africa which started the problem in the first place. Scramble for Africa has begun but it will not end well this time. Stay in SA, Europe and Australia. Why aren’t millionaires moving to Holland?

[@grant5059]

Becoz there are already enough in Holland.

[@homodeus8713]

@@grant5059 Would they not want to be with their own kind then? Other millionaires

[@wernerstapela4616]

@homodeus They are, including some from SA. The whole tax debate is a little misleading. If you expect good public services and governance, then expect to pay tax.

[@alibali672]

​@@homodeus8713Because they are getting rid of so many farms in the Netherlands and other parts of Europe. Where will the food come from?

[@Escapeismclipz]

Lol stable Rand. Pie in the sky

[@merle-wq9ir]

Namibia not so squeaky clean anymore. Also a corrupt government now. Sad that its also slowly being erided so sorry i dont believe everything i hear and read anymore.

[@pushingp6945]

What bullsh* are you talking about , what part of Namibia is dirty name it ? Coz I live here damn

[@geoffreypororo5569]

This is just some rich Afrikaners frustrated with the political and economic of trajectory of their own country and picking Namibia as their next safe-haven. They are going there to build the same unpenetrable fortress of racist tendencies they are known for in SA. Namibian government should have laws ready to deal with the potential mess on Namibian people.. There is background to most of these millionaires. We know their type..

[@kaalvoetpiet3442]

This comment helps me understand why they're leaving.

[@zulumkodi]

Right on point. This racist mlungus will never change their colours.

[@sanmak3283]

The only other country where Afrikaans is recognised, thanks to Apartheid. I hope the move doesn’t increase racism & inequality. Inequality will definitely increase.

[@vincentdeklerk5319]

Start to do something for yourself and stop your victim mentality. That means you do not blame others for your position, you shut up and take responsibility for yourself. Afrikaners have one good trait. You cannot outwork them. Or is that racist in your world @@sanmak3283

[@raoulduke1914]

we know your type too...

[@GaragePie22]

Swaziland has all the potential!

[@josh3221ify]

The rich individuals will create their own gated estates that look like prisons, and across the street will be a shanty town of Namibians its nothing new in Africa. I don't mind the rich individuals retiring in their own countries, and locals building their own wealth.

[@IgnesiusHlatshwayo]

Unskilled ppl need to be taught if there's no successful and skilled individuals who's going to teach the people?

[@joeferreira657]

Great,Zambia and Namibia together power house.

[@homodeus8713]

What, sold to the highest American bidder?

[@kaalvoetpiet3442]

Too many bunkers on their golf courses...

[@jameskillu9171]

As a zimbabweans living in South Africa, i would say dont waste your time moving from one africa country to the next, move to europe, or usa.]

[@breitie804]

Evidently thousands are taking your advice and moving to Europe, expecting a better life provided for them. That will come to a sticky end sooner rather than later. Africans are well able to lift themselves out of poverty but have not made much progress in that regards. Why not?

[@esthersbucketlist]

Yes come to Europe to become a modern day slave, I’d say Africans need to stay in Africa because there’s nothing easy in USA or Europe either

[@josephnakale7343]

Even if was someone with enough money I will never move to Europe or US, thanks enough I had traveled to those continents and I am not impressed. As a Namibian I love my country, with the challenges we have,I will remain and die here.

[@esthersbucketlist]

@@josephnakale7343 good idea, as Africans we should be proud of our countries and embrace our challenges and learn how to deal with them because east west home is best. Can’t wait to return to Namibia

[@cliffd4027]

Fresh air.

[@nedor64]

Crime is on the rise in Namibia. The moment you start developing a country it loses its low population density, abundant natural resources, and low crime rate.

[@AndrewMcFarlane_1]

Welcome to planet earth

[@davidkulunga5062]

I wish to see the locals uplifted from poverty rather than having billionaires who doesn't care about the locals livelihood. We want investors not only people who comes here to show off and enjoying us being in poverty. We don't want to be psychologically colonised.

[@gbone7581]

So you want the rich peoples money but you don't want the rich people?

[@grant5059]

Remember. Miillionaires bring money. Millionaires spend money. Spending results in more job creation. People working means less poverty. Get it...

[@Tripleexel]

Victim mentality is something else man 🤣. Smart countries know how to make use of investments

[@marky5493]

If you want to become rich start using condoms, roll out a red carpet for people WITH money to come stay by near. If you don't then all you have is the small money going around your village..... Ecomics 101

[@nomaddiaries9790]

We don't want caucasians. Stay in you own country.@@Tripleexel

[@cobuskrige]

Don't agree, Namibia's economy isn't much better than South Africa's. Lot of corruption as well. I prefer Botswana who's economy is much better and its a safe country.

[@pushingp6945]

Stop being delusional….. statistics are there by world bank for you to see , Let’s not speak on things we have no knowledge on ……. Botswana is still a village

[@BrandonPMotsilanyane]

@@pushingp6945 😂😂😂 development in concrete buildings isn't a sign of wealth you know u could massively inflate Ur economy with loans doesn't and low taxes doesn't mean your more developed just means Ur less about your countries interests and more about smoke and mirrors 😂😂😂 and an artificial inflated economy always corrects point Nauru when they had so much fertilizer they were the richest till it all ended 😂😂😂sustainable inclusive growth will always win

[@pushingp6945]

@@BrandonPMotsilanyane let’s stop being delusional, Namibia doesn’t borrow money to develop, you can’t even compare Namibia to Angola or Zambia , worse Botswana that don’t even have any infrastructure to show for it … Namibia has the best road infrastructure in Africa and among the best in the world out doing Australia, Canada, China , Uk and India and many more giants , when it comes to cities Namibia has the best established infrastructure and cities after South Africa like the person on the interview said …. Millionaires don’t flock to countries that have cows roaming streets like Botswana , if your country was best in anything in reality people would move there but nope your country is just on paper while in reality you’re poor and majority of the whole country is rural

[@mountainman9145]

Hold up there. Quote from Andrew "Parts of Australia like Namibia are desert" - 70% of Australia is considered semi-arid and arid.

[@godfreyberry1599]

When the millionaires move in - bang goes the neighbourhood!.

[@GaragePie22]

Millionaires create jobs, poor people create fokol!

[@roseb.5367]

"Find out where people are going- and buy land before they get there"

[@hamiltonklaase556]

😂😂😂.... Let em go. They'll be fleeing back! Like those South Africans down under....

[@mathewman]

hmm i am an ex japie who has been in aus for 40 Yrs!!!

[@hamiltonklaase556]

That's leka, some of you maybe, enjoy.

[@homodeus8713]

@@mathewmanWhy did you leave? Would you go back if things were reversed?

[@gbone7581]

My brother is in Australia and he definitely isn't coming back.

[@blessedonexxx9913]

If Namibia receives an infiltration of millionaires, I just hope there will be enough water for everyone. As it is we already pray for rain to fill our dams. Maybe those millionaires can invest money in more dams?

[@gbone7581]

There aren't that many millionaires.

[@Accuface2000]

Living in Namibia made you a socialist just like the natives who expect free lunch. Building a dam on silver plate?

[@gbone7581]

When people think of Namibia, they don't include Owamboland and Caprivi.

[@neilarmitage6632]

Why not. Sensibly managed

[@gertstrydom5759]

We do not Invite and open boards there for we looking for Good investor and to help developers to Manufacture to helping more employments and jobs to our new generation

[@nickymotsepe7240]

🎉long beach ⛱️ and dune7❤

[@baarki]

Well done ANC well done.

[@zulumkodi]

yep...& we will still continue to vote for the ANC, whether you like it or not. Africa belongs to Africans.

[@baarki]

So Namibia is not Africa?

[@africaine4889]

​@@baarkiit is a black african country

[@baarki]

40.02 %. Only 4 out of every 10 South Africans voted ANC. After all said.

[@ramonamarais6737]

The thing is ​@zulumkodi ...we are Africans. 😊

[@clintonhartley6093]

Mbuai if you are coming to become richer... At least help the poor to become rich...

[@firashebili]

morocco is quite poor; it has high levels of poverty similar to the subsaharan africa but they have a robust tourism industry that is pretty old; I think Namibia is much better than Morocco if you are a millionnaire. I also think there is more prospects in Namibia or even Mauritius

[@productivitybydesign9368]

Namibia is a beautiful country but with all the problems below which makes it just another African country waiting to go wrong.

[@zulumkodi]

Stereotype negativity of Africa by mlungus is becoming a national anthem.

[@lighthope3519]

Namibia is the true Jerusalem in Bible

[@earthgoddess4779]

"Namibia is like the Australia of Africa" 😆. Why don’t they go there then? Why Africa?! Oh because they want easy targets to exploit. African descendents need to rise up honestly. Entering another couple of decades being used😮🫠 shame.

[@troothhertz6297]

No pill to fix stupid,

[@homodeus8713]

@@troothhertz6297Explain

[@grant5059]

It piles out of your mouth. Tripe, mud and wood

[@troothhertz6297]

Rise up to do what ? Can't build a bridge out of wood as of yet , in fact only thing Africans can do is rise up and destroy white mans infrastructure , economy etc . Take one look at once a thriving country South Africa and look what the Savage's have done to it.?m. there's no water no electricity , no jobs as the white man leaves etc..and it's the white man superiority that the blk man is so jealous of ,that it eats away at the blk folk like a cancer .. they don't know how to deal with it. In South Africa we even have laws ordering the white man to give up to 50 percent shares of his company to the underachievers for what ? Because their blk skin makes them Special ? .. so what can u all do. ??? pls enlighten me ?

[@troothhertz6297]

You should be ashamed as the blks have done nothing in their evolution cycle

[@MightyMike55]

No substance in what this oak is saying

[@marietavanniekerk8541]

Phanus Van Der Walt

[@genomedia44]

Wie?

[@BrandonPMotsilanyane]

Namibia isn't 3rd in GDP per capita in Africa more like 8th its beat buy South Africa and Botswana its neighbors and we have similar population then you also have Seychelles and Mauritius

[@pushingp6945]

Namibia is the 3rd wealth per Capita , GDP per capita does not reflect the reality of the people, it’s simply the normal GDP divided by the number of the population that’s what GDP per capita , But when it comes to wealth per capita like he said , it’s the 3rd wealthiest ….. Wealth per capita reflects the reality of the people , Namibians have far way better living standards than Botswana

[@BrandonPMotsilanyane]

@@pushingp6945 your sure about that okay but statistical facts are facts do that for Botswana I guarantee we are still ahead and other countries are ahead of u as well but we still love Namibia as 🇧🇼

[@pushingp6945]

@@BrandonPMotsilanyane statistics are there for you to see , this guy wouldn’t lie go search what position Namibia is on wealth capita , Windhoek alone is more Wealthy than the whole of Botswana , Botswana doesn’t even have a proper city nor a proper towns , while Namibia has cities like walvis bay & swakopmund that look European

[@SaffaInNewZealand]

I can just imagine how many Aussies go to Namibia and think, “damn this is just like home” 😂 whatever !

[@gbone7581]

Only those that live in the middle of the outback.

[@mikeilikeit9685]

They come to colonize again

[@kaalvoetpiet3442]

Orania sounds better

[@zulumkodi]

🤣🤣🤣..pipe dream white community that will not see the light of day.