Yes, a resident director is mandatory to incorporate a company in Botswana.
Botswana
Is a resident director required for incorporating a company in Botswana?
What is the corporate tax rate in Botswana?
The corporate income tax (CIT) rate in Botswana is 22%. However, a reduced rate of 15% applies to manufacturing and financial services companies (having approval from the Ministry of Finance).
How long does it take to set up a company in Botswana?
Company setup in Botswana takes around 50 days – starting from the time the application is submitted and all supporting documents are furnished to the Ministry of Trade and Industry.
What is the maximum income tax rate in Botswana?
The maximum income tax rate in Botswana is 25%.
What is the maximum Value Added Tax (VAT) rate in Botswana?
The maximum VAT rate in Botswana is 10%.
What is GAAP?
GAAP stands for Generally Accepted Accounting Principles and is a collation of accounting rules and standards that are followed globally.
What is ACCA?
ACCA stands for Association of Certified Chartered Accountants. It was founded in the year 1904, with an aim of developing a body to accelerate the accounting profession for a better and transparent society.
Why do I need a senior accountant for my business?
Seniority is a blend of knowledge, experience, along with industry exposure. Experienced business experts will be able to guide your company in a much better way compared to a fresher.
Is annual audit a compulsion for companies in Botswana?
Companies having a turnover of more than BWP 10 million, or possessing assets more than BWP 5 million, need to necessarily undergo an annual audit.
What is MyBICA?
MyBICA is an online platform developed by Botswana Institute of Chartered Accountant (BICA) to introduce online membership with the aim of increasing the online traffic in this profession.