The Hidden Cost of Fishrot: We Are Still Paying. Part 2

Source: The Namibian · 2026-11-01T06:00:00.000Z · World

For decades, perfectly ordinary Namibian families have used family trusts for entirely legitimate reasons: to hold a house or other assets, to provide continuity after the death of the founders, and eventually to pass assets to their children. These trusts were not offshore structures. They were not designed to hide money, avoid tax or conceal ownership. They were simply legal family arrangements. Today, however, trusts live in a very different regulatory world. Under Namibia’s Trust Administration Act of 2023, trustees face extensive registration, record-keeping and beneficial-ownership requirements. Trusts must disclose founders, trustees, beneficiaries and other persons exercising effective control. Changes

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