Botswana: Types of Company
Exempt Private Company
Total assets must not have exceeded BWP2m and total turnover must not have exceeded BWP5m in the previous financial year to qualify. No audit is required. Financial statements must be prepared within seven months of the company's year end although financial statements need not be filed with the Registrar of Companies. However, a statement of charges relating to mortgages and bonds must be filed with the Registrar.