A close corporation in Namibia is a specific type of business structure that is formed by a limited number of members who jointly own and manage the company. This legal entity is commonly established by professionals, family members, or individuals seeking to own and operate a small business in Namibia. Close corporations offer several advantages such as flexible management, limited liability, and tax benefits. Under Namibian law, there are two main types of Close corporations, namely — 1. Ordinary Close Corporation (OCC): This type of close corporation is the most common and widely used in Namibia. It requires a minimum of one and a maximum of 20 members to form the entity. CCS offer the benefit of limited liability, which means that the members' personal assets are protected in the event of the business incurring debts or facing legal issues. 2. Specially Recognized Close Corporation (SCC): SCC is a specialized form of close corporation that is recognized for undertaking specific activities. These specific activities or sectors are regulated by certain legislation. To qualify as an SCC, members must comply with additional requirements and regulations imposed by the relevant legislation applicable to their specific sector. An SCC can have an unlimited number of members and offers the benefit of limited liability to its members as well. Close corporations in Namibia must adhere to certain legal requirements, including the registration with the Namibian Companies and Intellectual Property Commission (CPC). During the registration process, members need to submit the necessary documents, such as the founding statement, accounting officer appointment, and initial financial statements. Keywords: Close corporation, Namibia, legal structure, limited liability, flexible management, tax benefits, ordinary close corporation, specially recognized close corporation, minimum members, maximum members, personal assets, legal requirements, registration process, Companies and Intellectual Property Commission, founding statement, accounting officer appointment, initial financial statements.