Botswana: Offshore Legal and Tax Regimes
Forms of IFSC Operation
Companies holding IFSC Certificates may trade directly or through 100% subsidiaries. They may not do business with persons in Botswana except with other IFSC companies.
A company holding an IFSC Certificate needs approval from the Minister of Finance for any change to the beneficial ownership of 25% or more of its capital or voting rights.
IFSC companies may invest in Botswana resident companies; but dividends flowing from such companies will be subject to a 15% withholding tax.