The new companies act 2003

The new Companies Act has incorporated changes in the provisions and procedures pertaining to classification and formation of company’s upto de - registration of companies. Government of Botswana in order to promote Foreign Direct Investment to the country assures that companies will be incorporated swiftly as against the 4 months currently taken by the Registrar of Companies. Company formation procedures and formalities have increased in order to avoid duplication of company names, company nos etc. The Registrar of Companies have also increased the filing fees payable marginally for filing of statutory forms.