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Thursday 17 May 2012

Botswana IFSC

 

Established in 2003, the Botswana International Financial Services Centre (Botswana IFSC) is establishing and developing Botswana as a world class hub for International financial and business services into Africa.

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Botswana International Financial Services Centre

Botswana International Financial Services Centre

The Botswana IFSC is one of the key strategies that the government of Botswana has put in place to reduce the country’s reliance on mineral revenues, especially diamonds.

 

The establishment of the Botswana IFSC is further aimed at: 

  • The creation of sustainable employment opportunities for suitably qualified citizens.
  • The enhancement of the skills base of the Botswana workforce.
  • Fostering of innovation and sophistication in financial and business services.
  • The enhancement of Botswana’s already excellent reputation in the international financial and business community.

 

 

Target Sectors
1. International Business Companies,
2. International Insurance,
3. International Investments Funds,

4. International Banking,
5. Business Process Outsourcing and Call Centers.

Why Botswana IFSC?

 

IFSC Positioned in a solid and democratic, growing and liberalized economy, the Botswana IFSC provides a transparent, open business environment with optimised business facilitation services, rigorous screening and efficient company approval processes.

 

Uniquely and highly competitive characteristics that position Botswana as an economically sound and attractive investment and offshore destination:

  • Central geographic position in Southern Africa provides proximity to key SADC markets including South Africa.
  • Easy access facilitated by frequent daily flights to and from Johannesburg
  • An educated English speaking and competitive labour pool
  • Botswana is investing in upgrading its telecommunications infrastructure – with the landing of the SEACOM, EASSy and WACS fiber optic cables, bandwidth costs are expected to be significantly reduced. 
  • No foreign exchange controls nor restrictions on the repatriation of funds and profit

 

Accredited companies enjoy a low tax environment inclusive of readily accessible incentives and Botswana has no foreign exchange controls nor restrictions on the repatriation of funds and profit.

 

The Botswana IFSC is your competitive advantagethat will propel your business into the rest of Africa.