How to Register a Company in Botswana
What is the meaning of Register Company?
Company Registration means a registration under the Securities Act undertaken by the Company for the sale of its shares of Common Stock or securities convertible into Common Stock, or for the resale of such securities by holders other than the Holders, in connection with the public offering of such securities, other than any of the following:
How to Register a Company in Botswana
- Pick a Relevant Name.
- Register with CIPA.
- Appoint the Right Company Secretary.
- Open a Bank Account.
- Register for Botswana Revenue Services (BURS)
- Register for PPADB.
- Get a Trade License.
- Takeaways.
Frequently Asked Questions
How much is to register a company in Botswana?
Fees
| Different Botswana entity types | Cost | Draft Invoice |
|---|---|---|
| LLC | US$23,455 | View invoice PDF |
| PLC | US$13,505 | View invoice PDF |
| Branch | US$15,600 | View invoice PDF |
| Representative office | US$9,850 | View invoice PDF |
Can a foreigner register a company in Botswana?
There are 2 main ways in which a foreign company can set up a place of business in Botswana: incorporate a company in terms of the Companies Act [Cap 42:01] (the Companies Act); or. register as an external company (also referred to as a branch).
How do you register a company online in Botswana?
Process of Registering a Company in Botswana
Search for names can be done online at the database of the Ministry of Trade and Industry. On submission of the application form to the Registrar of Companies, the applicant should receive a reply within 3 days. Once approved, the company name is reserved for 30 days.
What do I need to register a company in Botswana?
- Reserve a unique company name.
- Declaration of compliance for Incorporation.
- Registration of the company.
- Receive inspection of company premises.
- Obtain an industrial license or trade license.
- Open a bank account.
- Obtain a tax identification number (TIN) from the Tax authority.
- Register for Value Added Tax (VAT)
Can a single person register a company?
A One Person Company Registration in India can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.
Can I operate a company without registering?
Basically, if you’re doing any business are required to register such business either as a Company or a Firm or an LLP (Limited Liability Partnership). Instead of going for company registration, you could register the business as a Sole proprietorship.
What documents are needed to register a company?
All companies should submit a Notice of Incorporation (CoR 14.1) and Memorandum of Incorporation (CoR 15.1 A-E), which includes business-specific information such as the business name, address, etc. For private companies, there will be other supporting documents to submit for registration.
Can I register a company at FNB?
To help our entrepreneurs with the registration process, your CIPC registration can be initiated on FNB’s website within minutes. There’s no additional cost from the Bank.
What qualifications do I need to start a company?
As we mentioned, there are no educational requirements or qualifications needed to start a business and anyone can do it. Some of the world’s largest companies were famously started by people who dropped out of college – Bill Gates and Mark Zuckerberg are two prominent examples.
What is a single owner company called?
sole proprietorship
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.
What happens if you don’t register your company?
If you decide to start a business but do not actually register it, you are considered a sole proprietorship or sole trader. What this means is that you will need to use your personal social security number and your personal legal name to conduct business.