Frequently Asked Questions
How much money am I expected to bring into the country to start my business?
Currently there is no legislation nor an investment code which stipulates how much an investor is expected to bring into the country as contribution to the project. However financial institutions like BDC and NDB require a minimum of at least 25% of the total project cost from the investor. On the other hand, BEDIA asks investors to contribute as much as they can since that will demonstrate the investors's commitment to the project.
Is it compulsory for me to have a local partner?
Investors are not obliged to enter into partnership with local parties unless if they so wish. Hence the project can be 100% foreign owned if the investor wants it that way. It is however advisable to have local participation because locals know the local market very well. BEDIA can assist in terms of identifying potential local partners.
Will I be allowed to bring some skilled labour to Botswana to train local staff for a given time period?
Yes, it's allowed as long as there is proof that the skills the investor is bringing into the country is not locally available
Are there any tax holidays?
There is the Development Approval Order, which is available for investors for a period of 5 to 10 years. It's administered by the Ministry of Finance and Development Planning.
What are the working hours in Botswana?
A nine-hour five day week or an eight hour six day week is normally observed. A break of at least 30 minutes must be given after five consecutive hours of work. A rest day of not less than 24 consecutive hours, normally including Sunday, must be given in every period of seven consecutive days.
What is the minimum wage in Botswana?
The new rates were payable effective 1st May 2006.
What is the impact of HIV in Botswana?
Government has been at the forefront in terms of fighting the scourge and presently affected people are given anti-retroviral drugs at the Government clinics and hospitals. In addition to this, there are some private companies who have followed suit in providing their employees with ARV's. These continued and extended programmes of HIV/AIDS prevention, control and education has actually led to an improved life expectancy in Botswana .
I have a commodity? I want to export, how can you assist in getting me a market?
I want to participate in the trade fair/Contact promotion mission you advertised what are the prerequisites?
What incentives are available for export oriented industries in Botswana?
|© 2007 BEDIA - Disclaimer||
Design and Development by MindQ