How to Register an Office in Botswana
What is Office ?
The definition of ‘office’ is rich and includes a place of business, clerical or professional activity, the personnel working in such a place, a position of authority or trust and (mainly historically) the support functions of a major household.
How to Register an Office in Botswana
- Form 2 and Form 3 for a company limited by shares;
- Form 2A and Form 3 for a closed company;
- Form 2B and Form 3 for a company limited by guarantee;
- Form 3 (declaration) to be filled by a qualified Company Secretary recognized by the Act or a Director/member of a company;
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 |
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.
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.
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.
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 are the disadvantages of registering a company?
Disadvantages of a company include that:
- the company can be expensive to establish, maintain and wind up.
- the reporting requirements can be complex.
- your financial affairs are public.
- if directors fail to meet their legal obligations, they may be held personally liable for the company’s debts.
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.
How long does it take to register a company?
Most manual application take more than 4 weeks to complete.
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.
What are the minimum requirements to register a company?
Documents required for Company Registration
- Proof of identification of all the company’s directors and shareholders (partners in case of LLP).
- Proof of address of all the directors and shareholders (partners in case of LLP).
- DIN (DPIN in case of LLP) and DSC of all the directors (partners in case of LLP)