3E Accounting Pte Ltd is Happy to Welcome Wright Registered Accountants & Auditors as our Namibia-based Alliance Partner
More than just crunching numbers, Wright Registered Accountants & Auditors is doing its best to provide business insights for their clients. The accounting firm is continuing to improve its service offerings and execution as its staff and client base grow in numbers. In this way, the company is valuing its commitment for excellence and making sure it is always reliable in the eyes of the clients.
Being a partner of 3E Accounting Pte Ltd, the firm promises top-of-the-line services, employing knowledgeable professionals to handle the client matters.
At the same time, the company is putting a priority on establishing an effective communication line with its clients. Wright Registered Accountants & Auditors is taking a huge deal of effort to build a good relationship with the stakeholders.
The firm is offering services in audit and assurance, accounting and taxation, and business consulting.
Audit and Assurance
Wright delivers an audit and assurance service that is innovative, taking into account the changing business landscape. The firm understands the necessity of having internal controls over financial reporting. With this, its audit approach considers risk management, information technology assurance, and data analytics, among others.
Accounting and Taxation
Wright is offering accounting and taxation services for diverse clients, including budding entrepreneurs and established businesses. The firm is helping its clients in every step of the way to achieve their targets.
The firm is employing business experts who have knowledge in different disciplines. They can join forces when tackling a big business concern. With many minds participating in a discussion, Wright can provide very insightful advice for their clients. The firm is doing this to help the businesses make better decisions.
Looking at the Business Environment in Namibia
In 2019, the real gross domestic products (GDP)—the main economic indicator—declined by approximately 1 per cent.
The government is eyeing to recover with the help of the construction and manufacturing sectors. This, as the country, pushes for initiatives seen to better the business landscape, encourage investments, and boost industrialization across different sectors.
The Namibia government is pushing for key reforms safeguarding intellectual property, creating an industrial development body, and attracting more public-private partnerships.
The country made business registration easier and more efficient by launching online platforms. The government is expecting this move to attract domestic investments and foreign direct investments in the country.
It also cleared the path of the small and medium enterprises from any potential regulatory blocks so they can have better access to finance. It is considered a major necessity when setting up businesses. Every businessman needs to open a bank account for better management of funds.
Still, Namibia has yet to improve its financial sector, given that access to credit is considered limited.
To aid the labour force, the government in Namibia is also addressing the skill mismatch. It launched more training facilities for higher education and technical and vocational learning.
Trading and Investment in Namibia
Exporting and importing are major economic activities in Namibia. The total value of inbound and outbound shipments accounts for 83.7 per cent of the country’s GDP on average.
The average tariff rate for incoming goods is 0.9 per cent. However, the nontariff barriers are prompting the trading costs to increase substantially.
While the government is encouraging foreign investment, more regulatory infrastructures are yet to be established to attract new investments in Namibia.
Setting up a business in Namibia? 3E Accounting Pte Ltd and Wright Registered Accountants & Auditors got you covered. Reach out to us right away. We can tailor our service according to your needs.