How to Register a Company Name in Botswana
What is Register a Company?
An official list of all the companies in a country, together with information about them, copies of their accounts, etc.: I checked their record in the Hungarian companies register and they are listed as a registered company.
How to Register a Company Name 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.
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 long does it take to register a company in Botswana?
This should take about 7 days. Procure an Industrial Licence from the Industrial Affairs Department or a trade licence from the City Council. Open a corporate bank account for the company. Obtain a Tax Identification Number (TIN) from the Botswana Revenue Service, and fill a taxpayer registration form.
Can I start a company without registering?
Unlike Company, a sole proprietorship does not require any kind of registration with the Government or with any authority.
What is the difference between registering a business name and registering a company?
A company limited by shares is required to have a director(s) and shareholder(s) while a business name is only required to have a sole proprietor or partners (proprietors). A Company limited by shares is a separate legal entity that is distinct from its shareholders and directors.
What are the requirements for registering a company?
Notice of situation of registered office of the company – Form-18. Particulars of the Director’s, Manager or Secretary – Form-32. After processing of the Form is complete and Corporate Identity is generated obtain Certificate of Incorporation from RoC.
How much does it cost to register a company?
A company registration is R125 for both private company and non-profit companies registered without members. A private company must have at least one (1) director and a non-profit company must have a minimum of three (3) directors.
What is the first step to register a company?
- Step 1: Deciding your Business Structure. This is one of the most fundamental and foundational steps for registration of a company anywhere around the world.
- Step 2: Obtaining a DSC [Digital Signature Certificate]
- Step 3: File for Name Approval.
- Step 4: Obtain DIN.
- Step 5: File for Incorporation.
- Step 6: File AoA and MoA.
How do I get a company name approval?
An application in the prescribed manner and on payment of applicable fees is to be submitted with the Ministry of Corporate Affairs. After reviewing the application for availability of your proposed company name, the Ministry of Corporate Affairs shall either approve or reject the same.
Do I have to pay tax if I register a company?
If you’ve registered your business as a private limited company, you have to pay corporation tax on your business’s taxable profits. Corporation tax is tax paid by businesses on their profits.
What is the best time to register a company?
In general, the earlier you file, the faster you’ll get your incorporation paperwork processed—so you can start doing business. If you wait until January to file, it might take longer for the Secretary of State to process the paperwork, and you may not get the effective date you want.