Success tips when doing business in Botswana in 2021
- Your joint venture partner or Botswana shareholder must not merely be a nominee for the sake of meeting the rules of foreign company incorporation. You should choose a partner that actually brings a lot to the table, including local knowledge your business would need in Botswana;
- To optimize the success of your new business venture in Botswana, Healy Consultants recommends your firm i) complete a feasibility study ii) prepare a detailed business plan iii) communicate with the Botswana Chamber of Commerce iv) speak to your local embassy in Botswana and v) communicate with Healy Consultants Clients who successfully launched their business in Botswana;
- Foreign companies should be aware i) Botswana statistics and market data are usually imprecise ii) transactions tend to take longer than expected iii) more frequent and longer market visits are required, at least initially iv) complex business procedures are common;
- An essential factor in starting a business in Botswana is to thoroughly research the business sector you are planning to invest in. Healy Consultants recommends our Client prepare a detailed business plan including an extensive market study and evaluation of competitors.
Frequently asked questions
What is the minimum share capital requirement for starting a business in Botswana?Minimum paid up share capital is US$1 when registering a company in Botswana.
How many directors and shareholders are required for registering a company in Botswana?Only 1 director and 1 shareholder are required for business registration in Botswana.
Is it mandatory to have a resident director or shareholder for Company Registration in Botswana?A Botswana company must have at least 1 resident director, but there are no requirements for resident shareholders.
How to register a business in Botswana?For business registration, our Client will be required to i) reserve the company name ii) supply the Botswana office lease agreement iii) sign the company setup forms iv) register for tax and social security and v) obtain a business license.
Healy Consultants’ experts are Botswana incorporation specialists and will assist our Clients at every step.
Can Healy Consultants assist my firm with Botswana subsidiary company registration?Yes. Our Botswana business registration services include i) business registration ii) business license registration iii) immigration solutions iv) employment strategies v) business banking solutions and vi) office rental requirements.