diff --git a/chart/open-feature-operator/README.md b/chart/open-feature-operator/README.md
index 4903d5c31..55990b5a0 100644
--- a/chart/open-feature-operator/README.md
+++ b/chart/open-feature-operator/README.md
@@ -93,12 +93,20 @@ The command removes all the Kubernetes components associated with the chart and
 
 ### Global
 
-| Name               | Description                                                                                                                                                                                                                                                                      | Value                          |
-| ------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------ |
-| `defaultNamespace` | To override the namespace use the `--namespace` flag. This default is provided to ensure that the kustomize build charts in `/templates` deploy correctly when no `namespace` is provided via the `-n` flag.                                                                     | `open-feature-operator-system` |
-| `imagePullSecrets` | Array of ImagePullSecret objects containing credentials for images pulled by the operator (flagdProxyConfiguration.image, flagdConfiguration.image, controllerManager.manager.image, controllerManager.kubeRbacProxy.image). Example: imagePullSecrets: [{"name": "my-secret"}]  | `[]`                           |
-| `labels`           | Labels to apply to all of the pods in the operator.                                                                                                                                                                                                                              | `{}`                           |
-| `annotations`      | Annotations to apply to all of the pods in the operator.                                                                                                                                                                                                                         | `{}`                           |
+| Name               | Description                                                                                                                                                                                                  | Value                          |
+| ------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------ |
+| `defaultNamespace` | To override the namespace use the `--namespace` flag. This default is provided to ensure that the kustomize build charts in `/templates` deploy correctly when no `namespace` is provided via the `-n` flag. | `open-feature-operator-system` |
+
+### namespace
+
+| Name                    | Description                                                                                                                                                                                                                                                                      | Value  |
+| ----------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------ |
+| `namespace.create`      | Whether to create the namespace as part of this chart.                                                                                                                                                                                                                           | `true` |
+| `namespace.labels`      | Labels for the namespace if created as part of the chart.                                                                                                                                                                                                                        | `{}`   |
+| `namespace.annotations` | Annotations for the namespace if created as part of the chart.                                                                                                                                                                                                                   | `{}`   |
+| `imagePullSecrets`      | Array of ImagePullSecret objects containing credentials for images pulled by the operator (flagdProxyConfiguration.image, flagdConfiguration.image, controllerManager.manager.image, controllerManager.kubeRbacProxy.image). Example: imagePullSecrets: [{"name": "my-secret"}]  | `[]`   |
+| `labels`                | Labels to apply to all of the pods in the operator.                                                                                                                                                                                                                              | `{}`   |
+| `annotations`           | Annotations to apply to all of the pods in the operator.                                                                                                                                                                                                                         | `{}`   |
 
 ### Sidecar configuration
 
@@ -169,7 +177,7 @@ The command removes all the Kubernetes components associated with the chart and
 | `controllerManager.kubeRbacProxy.resources.requests.cpu`                  | Sets cpu resource requests for kube-rbac-proxy.                                                                  | `5m`                                         |
 | `controllerManager.kubeRbacProxy.resources.requests.memory`               | Sets memory resource requests for kube-rbac-proxy.                                                               | `64Mi`                                       |
 | `controllerManager.manager.image.repository`                              | Sets the image for the operator.                                                                                 | `ghcr.io/open-feature/open-feature-operator` |
-| `controllerManager.manager.image.tag`                                     | Sets the version tag for the operator.                                                                           | `v0.7.0`                                     |
+| `controllerManager.manager.image.tag`                                     | Sets the version tag for the operator.                                                                           | `v0.7.1`                                     |
 | `controllerManager.manager.resources.limits.cpu`                          | Sets cpu resource limits for operator.                                                                           | `500m`                                       |
 | `controllerManager.manager.resources.limits.memory`                       | Sets memory resource limits for operator.                                                                        | `128Mi`                                      |
 | `controllerManager.manager.resources.requests.cpu`                        | Sets cpu resource requests for operator.                                                                         | `10m`                                        |
diff --git a/chart/open-feature-operator/templates/namespace.yaml b/chart/open-feature-operator/templates/namespace.yaml
index ccf02dbf1..959ebb6d4 100644
--- a/chart/open-feature-operator/templates/namespace.yaml
+++ b/chart/open-feature-operator/templates/namespace.yaml
@@ -1,10 +1,17 @@
 # Only deploy the namespace if the default is being used (helm install should fail if the namespace isnt present)
 # when one is defined with -n
-{{ if eq ( include "chart.namespace" . ) .Values.defaultNamespace }}
+{{- if and (eq (include "chart.namespace" .) .Values.defaultNamespace) .Values.namespace.create }}
 apiVersion: v1
 kind: Namespace
 metadata:
+  name: '{{ include "chart.namespace" . }}'
   labels:
     control-plane: controller-manager
-  name: '{{ include "chart.namespace" . }}'
-{{ end }}
\ No newline at end of file
+    {{- range $key, $value := $.Values.namespace.labels }}
+    {{ $key }}: {{ $value | quote }}
+    {{- end }}
+  annotations:
+    {{- range $key, $value := $.Values.namespace.annotations }}
+    {{ $key }}: {{ $value | quote }}
+    {{- end }}
+{{ end }}
diff --git a/chart/open-feature-operator/values.yaml b/chart/open-feature-operator/values.yaml
index b37beb7ec..7e03886f1 100644
--- a/chart/open-feature-operator/values.yaml
+++ b/chart/open-feature-operator/values.yaml
@@ -2,6 +2,15 @@
 ## @section Global
 ## @param  defaultNamespace To override the namespace use the `--namespace` flag. This default is provided to ensure that the kustomize build charts in `/templates` deploy correctly when no `namespace` is provided via the `-n` flag.
 defaultNamespace: open-feature-operator-system
+## @section namespace
+namespace:
+  ## @param namespace.create Whether to create the namespace as part of this chart.
+  create: true
+  ## @param namespace.labels Labels for the namespace if created as part of the chart.
+  labels: {}
+  ## @param namespace.annotations Annotations for the namespace if created as part of the chart.
+  annotations: {}
+
 ## @param imagePullSecrets Array of ImagePullSecret objects containing credentials for images pulled by the operator (flagdProxyConfiguration.image, flagdConfiguration.image, controllerManager.manager.image, controllerManager.kubeRbacProxy.image). Example: imagePullSecrets: [{"name": "my-secret"}] 
 imagePullSecrets: []
 ## @param labels Labels to apply to all of the pods in the operator.