Why invest in Botswana – Do we have Investment Incentives in Botswana?
Botswana is the country and the land of opportunities in Africa. Botswana is also called the land of opportunities which has the strongest economy growing rate in Africa. Botswana gives a solid Investment Incentives for the investors who like to invest in the country.
Botswana is one such Land Locked Country with the less Taxes and Returns on Investment, it also provide very many resources for your investment to be safe and grow rapidly, In recent past years Botswana also provided many such Investment Programs for foreign nationals to come and Invest in the country.
Botswana offers the following unique investment incentives to investors:
Deductable training rebate of 200%
Duty-free import of machinery and equipment for manufacturing purposes
Customs duty exemption on raw materials
No foreign exchange controls
Remittance and full repatriation of profits and dividends
No restrictions on business ownership
Low taxes: 15% corporate tax, 25% personal tax
Negotiable tax holiday up to 10 years maximum
Botswana was ranked again as Africa’s least corrupt country by Transparency International in 2010, and is actually ahead of many countries in Europe and Asia.
Botswana is consistently ranked by international organizations as among the freest economies in sub-Saharan Africa. In the 2010 Fraser Institute Economic Freedom of the World report, Botswana was ranked 54th overall and third-highest in Africa, while the Heritage Foundation’s 2010 Index of Economic Freedom ranked Botswana 28th out of all 179 countries and the second-highest in Africa; its score of 70.3 is well above the regional and world averages.
The economy is also consistently listed as one of the top three in Africa; the 2009 / 2010 Global Competitiveness Report ranks Botswana third after Tunisia and South Africa.
In 2009, both Moody’s’ Investors Service and Standard & Poor’s once again gave Botswana an “A” grade credit rating. This ranks Botswana as by far the best credit risk in Africa.