Investment Incentives - Financial Assistance Policy
Investment incentives
Lowest regional tax rate: Manufacturing - 15%; other company and personal - 25%.
Southern African market : potential market of over 120 million people.
Southern African Customs Union (SACU). Free export access to Lesotho, South Africa, Namibia and Swaziland.
EC Market : Lome IV gives Botswana duty free access to the EC markets.
US Market : Botswana has a quota free and preferential access to the US markets.
Financial Assistance Policy (FAP) - government incentives to viable projects in the agricultural, tourism and industrial sectors. Incentives include unskilled labour grants, training grants and capital grants. (See our separate article on FAP).
Local Preference Scheme. Incentives in the form of price advantage over goods of foreign manufacturers, to Botswana manufacturers who sell to Government, local authorities and para-statals.
Botswana Development Corporation Limited (BDC). A wholly government owned development finance company which can assist in Investment Advice; Long term loans; Share Capital; Guarantees; Provision of factory buildings; financing of feasibility studies with project partners, Management and consultancy services.
The content of this article is intended to provide general information on the subject matter. It is not therefor a substitute for specialist advice.
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