Doing business in Botswana
The Botswana American Chamber of Commerce (BACC) was established to welcome the opportunities and challenges that globalization offers – and to rise to them. The Chamber does this by working to support US-based businesses to hunt out and seize opportunities in Botswana. Also, the Chamber encourages the best Botswana companies to look to the US as their global partner of choice.
Are you looking to export?
Our range of expert services is tailored to the needs of individual businesses, aiming to maximize their international success. The BACC will give you access to all the knowledge, advice and practical support that BACC can offer your company.
Do you want to invest in Botswana?
BACC helps US companies bring high quality investment to Botswana’s economy – acknowledged as Europe’s best place from which to succeed in global business. The BACC provides support and advice to investors at all stages of their business decision-making.
To learn more about how BACC can help your business in Botswana contact our team at firstname.lastname@example.org
Why Invest in Botswana
Botswana’s investment climate compares very well with other comparator countries such as RSA, Mauritius, Namibia and Argentina. Botswana is a member of the Southern African Customs Union (SACU), an economic grouping free of tariffs that also includes South Africa, Namibia, Lesotho and Swaziland. It is also a member of the Southern African Development Community (SADC), which has a market of more than 200 million people.
At the moment, Botswana is able to:
- Issue business licenses on a weekly basis,Issue indefinite manufacturing licenses on a weekly basis;
- Incorporate companies (for error free applications) within 4 days;
- Issue exemptions on Work and Residence Permits for key project personnel e.g. CEOs, Promoters, Production Managers, Accountants etc;
- provide an educated workforce
- Low corporate tax @ 25%, No foreign exchange controls,Tax holiday,Industrial Rebate Concession
- Customs Duty Draw Back Facility,Duty Free importation of raw materials, machinery and equipment
(Source: Central Statistics Office)
- GDP (million Pula) 2010: 100, 934.7
- National Inflation (Feb. 2011): 8.5%
- Bank Rate: 9.5%
- Prime Lending Rate: 11%
Botswana has a thriving domestic financial sector, which includes banks, insurance companies and a growing stock market. Botswana has acceded to international conventions and is strictly observing internationally accepted guidelines on combating money laundering and financial crime.
Unique comparative advantages
- Corporate Tax @ 15% for manufacturing and financial services sector
- Stable political environment and good governance
- Low corruption