Botswana Business, Taxation and Offshore Information
Botswana is a Sub-Saharan Success . . .
Botswana, independent since 1966, has had high growth rates due to its diamond mining industry coupled with sound economic management. Botswana has an area of 600,000 sq. km, a population of over 2.3 million and is bordered by Namibia, Zambia, Zimbabwe and South Africa. The capital Gaborone has air links to major African cities. The GDP per head was US$17,000 in 2017 and the government reserves amount to nearly US$7.2bn. With a stable democracy,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. It will focus on providing financial services to clients domiciled in other countries. Financial 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 »