Company formation and registration in Botswana is relatively simple. Legislation governing company formation is contained in the Companies Act of 1959, Cap 42.01, as amended, and distinguishes between external, public, and private companies, the latter being predominant. All companies are registered with the registrar of companies, who certifies that the company is incorporated. The common practice is to engage a local attorney or a company secretary to arrange for a company registration, which can be effected within two weeks. There are several locally based international accounting firms, which also provide assistance to businesses establishing offices in the country.
Documents required are primarily the new company's memorandum and articles of association.
The Company Act requires that accounts be maintained in Botswana, that there is a resident auditor, and that certain reporting requirements are met. The Industrial Development Act of 1988 requires that all foreign-owned manufacturing enterprises obtain a license from the Ministry of Commerce and Industry. U.S. companies are advised to consult with the Ministry's Department of Trade and Investment Promotion to ensure that their proposal does not include one of a small number of commercial enterprises reserved for citizens of Botswana. Prices for most consumer goods are relatively acceptable due to the favorable exchange rate between the Botswana Pula and the U.S. dollar. Service and after-sales support are often deficient.