1. Company Name
The proposed name for your company must be unique and
clearly distinguishable from all other Botswana Registered
Companies. The use of certain words such as 'bank',
'insurance', and 'group' require special permission.
Names thought to be offensive or imply State Sponsorship
are also refused. Non-descriptive Words such as ‘services’
, ‘solutions’ and ‘holdings’
don’t carry much weight in terms of distinguishing
the name from other companies.
2. Company Type
A Proprietary Limited Company is the most common form
of Incorporation for people to start their business.
Click here for more information on the different types of companies
available.
3. Registered Office
The Registered Office is the official address of your
company and must be located in the Republic of Botswana.
Most official correspondence will be posted to this
address. The trading address of the Company may be
different from its registered office. Botswana-Resident
Directors may use their home address as the registered
office of their company is they wish.
4. Directors
The Directors of a Company are the people who are
appointed to run and manage the Company on behalf
of the owners of the Company - the Shareholder(s).
We require the following information on the proposed
directors to proceed with the formation of an Botswana
company:
- Full Name
- Omang / Passport No.
- Usual residential Address
- Postal Address
5. Authorised and Issued Share
Capital
The Authorised (Nominal) Share Capital of the company
is the amount of shares a company can call upon if
required. We recommend for most companies an Authorised
Share Capital of P100,000 divided into 100,000 shares
of 1 Pula each.
The Issued or paid up share capital is the number
of shares that have actually been allotted and paid
for by the shareholders. We suggest issuing 100 shares
of 1 Pula each. The 100 shares are divided between
the shareholders to reflect the ownership of the company.
E.g. 50/50, 90/10 etc. One person or company can hold
all the shares. This is known as a single member company.
6. Shareholders
The Shareholders are the owners of the company. As
detailed above, the number of shares issued should
be divided in a manner that reflects the proportionate
ownership of the company. The details that we require
are:
- Full name
- Omang / Passport No.
- Usual Residential Address
- Postal Address
- Amount of shares that are proposed to be held
in the shareholders name.
When your company is incorporated, Companybw will Prepare,
Draft and Issue the Share Certificates of the Company.
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TIM KATHURIMA CONSULTING
