Published
4 سبتمبر 2023
Updates:
3 ديسمبر 2024
Botswana
Price:
Delivery:
Legal forms:
Payment methods:
3 months
BDC, BIFS, BOC, BSE
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Botswana
$
3000
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Registrar
Abbreviation
Phone
Companies and Intellectual Property Authority
CIPA
+267 367 3700
Location
Capital
Official languages
Population
Currency
ISO 4217
Gaborone
Botswana
English, Setswana
2,675,352
BWP
Pula
Delivery
-
Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Botswana
Q: What is the process of company formation in Botswana?
A: The process of company formation in Botswana involves several steps, including selecting a company name, registering the company with the Registrar of Companies, obtaining the necessary licenses and permits, and registering for tax purposes.
Q: What are the requirements for registering a company in Botswana?
A: To register a company in Botswana, you will need to provide the proposed company name, the registered address, and details of the directors and shareholders. You will also need to submit the company’s memorandum and articles of association, as well as pay the registration fee.
Q: How long does it take to register a company in Botswana?
A: The registration process for a company in Botswana typically takes around 5-10 working days.
Q: What types of companies can be registered in Botswana?
A: There are several types of companies that can be registered in Botswana, including private companies, public companies, and foreign companies.
Q: What are the tax requirements for companies in Botswana?
A: Companies in Botswana are required to register for taxes with the Botswana Unified Revenue Service (BURS) and file annual tax returns. The tax rate for companies is 22%.
Q: Do I need to have a physical office in Botswana to register a company?
A: Yes, you will need to have a physical office address in Botswana to register a company. This address will be used as the registered address of the company.
Q: Can a foreigner own a company in Botswana?
A: Yes, foreigners can own companies in Botswana. However, they will need to comply with the relevant immigration and business regulations.
Q: What are the ongoing compliance requirements for companies in Botswana?
A: Companies in Botswana are required to file annual returns with the Registrar of Companies and maintain accurate financial records. They may also be subject to regular inspections and audits.
Q: Can I use a business registration service to register my company in Botswana?
A: Yes, there are several business registration services available in Botswana that can assist with the company registration process. However, it is important to ensure that the service provider is reputable and reliable.
Botswana has a strong and growing economy, with a GDP of $20.7 billion in 2019 and a GDP growth rate of 4.2%. The country has a low unemployment rate of 17.2%, and its inflation rate is 4.2%. Botswana is a major exporter of diamonds, accounting for about one-third of the country's total exports. The country also has a strong tourism industry, with over 2 million visitors in 2019. Botswana has a strong banking sector, with the Bank of Botswana as the central bank. The country also has a well-developed infrastructure, with good roads, telecommunications, and electricity. Overall, Botswana has a strong and growing economy, with a bright future ahead.
Taxation in Botswana is governed by the Income Tax Act of 2019, which replaced the previous Income Tax Act of 2004. The tax system in Botswana is administered by the Botswana Unified Revenue Service (BURS).
Personal income tax is levied on all individuals who are residents of Botswana. The tax rates are progressive, ranging from 5% to 25%, depending on the income level. The first BWP 36,000 of annual income is exempt from taxation, and there are various deductions and credits available to reduce the tax liability. Non-residents of Botswana are subject to a flat tax rate of 15% on income earned in Botswana.
Corporate income tax is levied on all companies and businesses operating in Botswana. The standard corporate tax rate is 22% on the net taxable income. However, certain businesses such as manufacturing, tourism, and certain agricultural activities may be eligible for tax holidays or reduced tax rates under certain circumstances.
The tax year in Botswana runs from July 1st to June 30th. The deadline for filing personal income tax returns is November 30th of the following year, while the deadline for filing corporate tax returns is generally six months after the end of the accounting period. Taxpayers are required to make advance tax payments on a monthly or quarterly basis, depending on the level of taxable income.
Payments can be made online or in person at designated banks. The penalty for late payment or non-payment of taxes can range from 10% to 200% of the tax due, depending on the severity of the offense. Additionally, interest may be charged on any outstanding tax liability.
Overall, taxation in Botswana is relatively straightforward, with reasonable tax rates and a well-established tax administration system. The government has taken steps in recent years to simplify the tax system and make it more user-friendly for taxpayers.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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