Botswana Limited Liability Company (LLC)
- A Limited Liability Company (LLC) is the most conventional type of corporate structure adopted by foreign entrepreneurs to establish their business activities. There must be one director who is a resident and a shareholder of any nationality.
- It is necessary to have a registered office in the country and to submit audited financial reports and statements at the end of the year with a grace period of five months. The LLC is required to appoint a qualified secretary.
Botswana Public Limited Company (PLC)
- The PLC must have two directors and seven shareholders, who may be of any nationality, appointed and verified as natural persons for the incorporation to be complete. One of the directors must be resident in Botswana. There are no specific requirements for minimum paid-up capital.
- The PLC must have a registered office in the country and must submit audited financial reports and statements at the end of the year with a grace period of five months. The LLC is required to appoint an auditor and a statutory company secretary.
Botswana offshore company (IFSC Company)
- An IFSC company must have one shareholder of any nationality and one director who is a resident of the country. Local administration requires a proper business plan outlined for the establishment of the IFSC company, details of the capital investment required to conduct the business activities in Botswana.
- The Botswana offshore company is only allowed to trade with non-residents, but may conduct in limited operations such as BPO and call centers, asset management and banking and insurance activities. Some benefits include incentives in the form of a reduction in corporate tax of up to 15%, no value added tax (VAT), no capital gains tax and no withholding tax.
- The branch can be 100% foreign owned and can conduct the business operations of the parent company. A shareholder and a director are required for the purpose of incorporating a branch. A branch has a 30% corporate tax rate.
Botswana Representative Office
- The representative office is allowed to conduct market research and to promote the business of the parent company and is not allowed to engage in production-related or commercial activities.