Escrow Services
Ellis & Partners Legal Practitioners offers specialised escrow services for cross‑border and foreign currency transactions. We maintain USD and EUR trust/escrow accounts with a leading Namibian commercial bank, enabling us to receive, hold and disburse escrow funds in those currencies from Namibia.
Key Benefits of Our Foreign Currency Escrow
· No forced conversion to Namibian dollars (NAD)
Your funds are received, held and paid out in USD or EUR. There is no requirement to convert into NAD at any stage of the escrow, reducing friction and cost in international transactions.
· Reduced currency risk
By avoiding unnecessary currency conversion, you limit exposure to exchange‑rate volatility and potential depreciation of the Namibian dollar. This provides added certainty for both local and international counterparties.
· Interest‑bearing escrow accounts
Funds held in escrow are placed in interest‑bearing accounts and accrue interest at the bank’s prevailing rates for the relevant currency, subject to the agreed terms of the escrow arrangement.
· Local administration, international reach
Your foreign currency escrow is structured, documented and administered in Namibia under the supervision of qualified and regulated legal practitioners, while still accommodating the needs of offshore counterparties and cross‑border transactions.
Why Ellis & Partners
Ellis & Partners provides a secure, regulated and conflict‑sensitive environment for the safekeeping of client funds. Acting as a neutral escrow agent, we operate under a clear written escrow agreement that is tailored to reflect the commercial terms agreed between the parties.
We can now handle foreign currency escrow transactions efficiently within Namibia.