We offer you to open a company with a bank account in Botswana, Africa, and ensure the smooth functioning of your business. The procedure typically takes around one week and can be conducted entirely remotely. Additionally, the issuance of a corporate bank card is possible.
The African continent still remains mysterious and unfamiliar to the majority of entrepreneurs. Only a few direct their attention toward that region, which is fundamentally incorrect. Africa is vast and encompasses not only countries like the Central African Republic and Somalia, which are plagued by constant conflict but also stable, modern states that offer developed infrastructure and greater freedom compared to Europe and the United States.
African companies and banks present you with opportunities to conduct business both within this continent and worldwide.
We offer company registration and account opening services in Africa, specifically Botswana, Zambia, and Rwanda. Upon request, we can also provide additional options, such as Sierra Leone.
In this article, we will guide you through the process of establishing a company with a bank account in Botswana.
Why should you consider opening a company with a bank account in Botswana, Africa?
- The company registration and account opening process can be done remotely.
- The procedure typically takes around one week.
- The banks we have selected offer SWIFT transfers.
- Accounts can be opened in USD, EUR, GBP, and ZAR (South African Rand).
- It is possible to conduct business within the country, the continent, or worldwide.
Company registration and account opening in Botswana
Botswana is located in the southern part of Africa and is a completely landlocked country. It shares borders with Namibia to the west, South Africa to the south, and Zimbabwe to the east. According to our specialists and partners, Botswana is considered the continent’s most stable country. It boasts the following:
- low crime rates
- developed infrastructure
- excellent banking services
- widespread English.
For your company to commence operations, it is necessary to register with the local registration agency, CIPA.
To complete the registration, you will need a valid passport and payment of the applicable fees. The entire process is conducted remotely. Company registration typically takes up to one week.
Company documents are issued in digital format, eliminating the need for physical delivery. However, if you require a hard copy, you can arrange for delivery via DHL.
After registering a company, we will assist you in opening a bank account immediately. Moreover, you have the option to open an account with both local and international banks (yes, foreign banks operate within Africa with great enthusiasm). We offer accounts in Botswana, Rwanda, and South Africa. The key aspect is that offered banks have been vetted and work excellently with foreigners worldwide.
Assuming that you have prepared the necessary documents correctly (KYC, application forms), opening a local bank account within one day is possible (depending on the chosen banking option). In other cases, the account opening process takes approximately one more week.
Additionally, a minimum deposit of 250 euros for each currency you intend to use (USD, EUR, GBP, ZAR) will be required.
Once the account is opened, you can order a debit card, which will be delivered within five business days.
You will have direct access to your account through online banking on the day of account opening.
The cost of company registration and opening a bank account in Botswana
The cost of our services to assist with company registration in Botswana and opening a local bank account amounts to 7500 EUR. If you wish to open multiple accounts simultaneously, each additional bank account will cost EUR 2000.
Monthly expenses for maintaining the business structure will amount to EUR 1800 and include:
- bank reconciliations
- basic accounting services
- addressing any arising questions and issues.
How to open a company and a bank account in Africa?
- Schedule a consultation with our experts by sending a request to firstname.lastname@example.org.
- Make payment for the service of assistance in company registration and account opening in Botswana.
- Provide the necessary documents and information.
- Wait for the completion of the procedure and proceed with your business activities.
Feel free to reach out for assistance or with any inquiries via email or using any other convenient communication channel.