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2.1. Main Formation Requirements

Following are the steps for setting up a company in Botswana:

  • Reserve a unique company name by submission to the registrar of companies
  • Signing the declaration of compliance of statutory requirements (in prescribed forms) for incorporation, before a Commissioner for Oaths or a Company Representative
  • Registering the company with the Registrar of Companies, Ministry of Trade and Industry along with prescribed documents, statutory declaration etc.
  • Inspection of company premises by the Government Authorities after registration
  • Once the registration is obtained, the company can apply for industrial license/ trade license, open a bank account, apply for TIN, PAYE, VAT, etc.