FAQs

Currently there is no legislation nor an investment code which stipulates how much an investor expected to bring into the country as contribution to the project. However financial institutions...

Investors are not obliged to enter into partnership with local parties unless they elect to do so. However it is advisable to engage with locals due to market knowledge and access. BITC can assist...

Yes, it's allowed as long as the investor provides proof that the equivalent skilled personnel are not locally available.

The Development Approval Order (DAO) is available to qualifying investors for a period of 5 to 10 years. It is administered by the Ministry of Finance and Development Planning.

A nine hour five day week or an eight hour six day week is normally observed. A break of at least 30 minutes must be given after five consecutive hours of work. A rest day at least 24 consecutive...

The following is the breakdown of Statutory Hourly Wage Rates for various trades and industries:

Trade/Industry New Statutory Hourly Wage Rate Manufacturing, Service (Including security guard...

These include:

Low general tax rate: resident companies pay company tax at 22% of the taxable income and the general rate of withholding tax is 7.5% on all dividends distributed; Manufacturing...

To register as an IFSC company, the company must be registered in Botswana and make a formal application to the International Financial Services Centre Certification Committee through BITC. If the...