The Process Of Registering A Company In Botswana
Proof of availability of business premises lease title or deed. Register the company with the Registrar of Companies Ministry of Trade and Industry The company must submit the duly completed form with the name reservation certificate and declaration of compliance.
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Documents Required for Company Registration in Botswana Company application form Personal details of the director Copies of the ID and passport of the director and the shareholders Company registered address proof A letter authorizing the representative to apply for company registration in case a.
The process of registering a company in botswana. Registrar of Companies To register the company the entrepreneur must submit a completed application form along with the name reservation certificate and the declaration of compliance of statutory requirements for company registration. Register the company at the Registrar of Companies Ministry of Trade and Industry Agency. In case of a business name registration form RBN 2 should be completed and submitted with a copy of the applicants identity document and P15000 registration fee.
All businesses in Botswana need to be registered with the Registrar of Companies and Intellectual Property ROCIP. The process of private limited company LLC joint venture and branch office as foreign company registration Botswana are discussed. All companies registered online are intended to be active and operating companies.
The LLC must have a registered office in Botswana and must submit audited financial statements within five months of the year end and therefore must appoint a qualified company secretary. There is no exception. THE RE-REGISTRATION OF COMPANIES AND BUSINESS NAMES IS NOW CLOSED.
All written communications to the shareholders. Minimum paid-up capital is not required and it takes approximately 60 days to complete the incorporation process2. Botswana company incorporation is complex and time consuming.
Company registration in Botswana Company registration in Botswana. Letter indicating the official company representative including the representatives certified copy of Omang citizens and work and residence permits non-citizens. Financial statements accounting records Share Register Register of Charges and documents giving rise to charge - all these should be kept in the Registered Office.
Off-line registration is not possible. A name reservation fee of P2000 is payable upon submission of Form 1 for company name and Form RBN 1A for business name. We thank all our valued customers for their patronage on the OBRS over the past 18 months.
The first in the process is reservation of the company name with ROCIP. Companies and Intellectual Property Authority CIPA is going online from 3 rd June 2019. A Botswana LLC is liable for a corporate tax rate of 22 and may be liable for VAT at the rate of 10 as well.
Botswana PDF inDesignindd Author. No dormant company forms. The forms you need to submit will depend on the type of company you are registering.
No more register for dormant companies. Registration is filed along with the name reservation certificate. Botswana company registration and incorporation investing in botswana doing business in Botswana botswana business guide Created Date.
A copy of certificate of incorporation for a company or registration certificate for individuals or partnerships. The complete Botswana company registration guide to help business owners. The re-registration exercise was concluded on 2nd December 2020.
According to the World Bank it takes 48 days on average to set up a business here compared to an average of 27 days in Sub Saharan African countries and 9 in OECD countries. To register the corporate the bourgeois should submit a completed form at the side of the name reservation certificate and therefore the declaration of compliance of statutory needs for company registration. Contact us for more detail and setting up business.
The turnaround time for the process is five working days. On and after 3 rd June 2019 all companies should register online. This may be done either directly through the local trademark office of Botswana in order to register a local trademark or by filing a trademark through the African Regional Industrial Property Organization ARIPO.
In order to protect a trademark in Botswana it must be registered. 18 days on average. Constitution Minutes Interests Register Certificates by the Directors Full name and address of current directors and secretary.
This takes 6 to 8 days and cost BWP 300 to register a company and BWP 60 fir the certificate of incorporation. It should be noted that reservations businesscompany names are only valid for 30 days and only valid reservations are accepted for businesscompany registrations. Database searching and finding out a suitable name for company is an important and initial step for company registration in Botswana.
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