Botswana Business, Taxation and Offshore Information
Botswana Is A Sub-Saharan Success . . .
Botswana, independent since 1966, has had high growth rates due to sound economic management and its diamond mining industry. With an area of 600,000 sq km and a population of over 2 million, Botswana is bordered by Namibia, South Africa and Zimbabwe. The capital Gaborone has air links to major African cities. With a stable democracy, GDP per head of USD16,100 in 2011, and reserves of more than USD8bn, Botswana is rated the least corrupt country in Africa by Transparency International.
. . . and Is Creating An IFSC To Diversify The Economy
The Income Tax Amendment Act 1999 created an International Financial Services Centre, whose focus is on the provision of financial services to clients who are domiciled in other countries. Fiscal incentives are provided to financial and non-financial institutions to encourage them to establish in the IFSC to provide these services. The Bank of Botswana is responsible for supervision of IFSC companies. More »