The Republic of Botswana is a country in Southern Africa. Since it got independent, Botswana has had one of the quickest growth rates in per capita income globally. In a tight time range, this country has lived a transformation from one of the poorest countries to a middle-income country. Two things are characteristic of Botswana: diamonds and wildlife. It is one of the leading diamond producers in the world.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
Sole proprietorship in Botswana
A sole proprietorship is a business type that is entirely owned and controlled by a single person. The sole proprietor carries unlimited liability for the business, bearing responsibility for the company's debts or responsibilities.
How to register a sole proprietorship in Botswana
When you decide to run your own business, you should decide on the business name. The name availability can be checked online in the name database. If the desired name is available, you should submit a name reservation form to the Register of Companies. There you should propose three business names.
At the same place, you should sign a declaration of compliance and submit the following documents:
- A business registration form (this, and all the other needed forms, can be found here)
- Declaration of Compliance of Statutory Requirements (Form 3)
The name reservation fee is P 20.00.
Business registration with the authorities
To have your business registered, you should submit the following requirements to the Registrar of Companies, Ministry of Trade and Industry:
- Registration form
- Business name reservation certificate
- Compliance and statutory requirements
- Executives personal details
- Household address
- Full postal address.
- If a representative is applying on behalf of the applicant, a letter authorizing the representative is required.
This process takes 6-8 days, and it costs BWP 300 for the application to register a business and BWP 60 for the declaration of incorporation. Bear in mind that the business name reservation lasts for 30 days.
Industrial license in Botswana
The Health Department, Environment Department, and Town Planning Department of Gaborone City Council will examine the business premises to assure compliance with minimum standards. The licensing process takes a long time of three weeks but is done together with the examination. The industrial license price is BWP 50 if it's self-applied and BWP 1500 if filed by an agent. As for a trade license, the cost is BWP 100 if self-applied and BWP 2,000 if filed by an agent. The Industrial license can be obtained from the Industrial Affairs Department.