The ISO code of Botswana is BW according to the ISO 3166 standard. The local name of the country is the same as its English name. Botswana capital city is Gaborone. People in Botswana speak the Tswana, and English languages. On 30 September 1966, Botswana emerged as a sovereign political entity. In the year 09/30/1966, Botswana emerged as a sovereign political entity. The largest city in Botswana is Gaborone.
Botswana is located in the UTC +02:00 time zone, which is also called Central Africa Time or CAT. The internet country code top-level domain (ccTLD) for Botswana is .bw. The International dialing code for Botswana is 267. People in Botswana drive on the left side of the road. Total land area of Botswana is 581,730 km² (approx. 224,606 mi²). Botswana is a landlocked country.
Botswana is located in Africa. Botswana is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Botswana faces various issues, including overgrazing, desertification, limited fresh water resources.
Doing business in Botswana
We offer various corporate services in Botswana jurisdiction. These services can serve both, people coming from Botswana and foreigners. If you plan on doing business in Botswana you might be interested in contacting us.
To find out about starting your business in Botswana click on company formation in Botswana.
To find out how to open a bank account in Botswana and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Botswana.
Choose preferred service below or continue reading to find out more about Botswana.
Demographics of Botswana
The total population of Botswana is 2,333,201 people. In Botswana, the population density is 3.48 people per square kilometer (9 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is diverse according to a fractionalization scale which for Botswana is 0.4102. Botswana has approximately 146456 foreign immigrants. The median age is approximately 22.9 years. In Botswana, 11.5 in every 100 people use internet. Botswana has a Human Development Index (HDI) of 0.683.
The majority religion of Botswana is Christianity, Botswana is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Botswana.
Culture of Botswana
People in Botswana speak the Tswana, and English languages. According to data on inbound tourists in Botswana, 2,145,000 tourists arrive in the country each year. One of the most popular national dishes of Botswana is seswaa. To read more click on culture of Botswana.
Geography of Botswana
Botswana is considered to be a large nation because of its total area. Its total land area is 581,730 km² (approx. 224,606 mi²). Botswana is located in Africa. Its capital city is Gaborone. Botswana has 4 neighbouring countries. Its neighbours include Namibia, South Africa, Zambia, and Zimbabwe. Total length of land borders of Botswana is 4347.15 kilometers (~1,678 miles).
The highest point of Botswana is Otse Hill, with its official height being 1491 m (4,892 ft). Including land mass and EEZ, the total area of Botswana is approximately 581,730 km² (~224,606 mi²). The most notable natural resources found in Botswana are diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver.To read more click on geography of Botswana.
Economy of Botswana
The currency of the country is Botswana pula. The symbol used for this currency is P, and it is abbreviated as BWP. 18.1% of population in the country are unemployed. The total number of unemployed people in Botswana is 422,309. Each year, Botswana exports around $7.57 billion and imports roughly $7.39 billion. The Gini Index of the country is 63. Botswana has a Human Development Index (HDI) of 0.683.The Global Peace Index (GPI) for Botswana is 1.597. Botswana has a government debt of 34.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. Botswana is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are diamonds, copper, nickel, salt, soda ash, potash, coal, iron ore, silver, livestock processing, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Botswana is $35,870 billion. Each year, consumers spend around $5,076 million. The ratio of consumer spending to GDP in Botswana is 0%, and the ratio of consumer spending to the world consumer market is 0.0146. The corporate tax in Botswana is set at 22%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Botswana is 12%. In 2013, Botswana received 73.8 million USD in foreign aid.In 2014, the foreign aid amounted to 120.1 USD.To read more click on economy of Botswana.
Infrastructure of Botswana
Infrastructure quality in Botswana is rated to be at 2.23. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Botswana, 53.2% of the population has access to electricity. There are 1,806 internet hosts in Botswana. Botswana has 74 airports nationwide.
The logistics performance index of Botswana is 2.49. It indicates a mediocre performance - shipping procedures are relatively unreliable, timeliness and safety of transferred goods are often a problem, although such a system may function relatively well if traffic is no too dense.
Tracking possibilities for shipments are rated at 2.4. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
The number of road motor vehicles per 1000 inhabitants in Botswana is 510. To read more click on infrastructure of Botswana.
Politics of Botswana
Botswana, is a parliamentary republic. With regard to political and civil freedoms, Botswana is 1. Citizens in Botswana experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Mokgweetsi Masisi.
According to the World Bank Group, the government effectiveness index of Botswana is 0.32. This indicates that the government of Botswana is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Botswana before considering any business maneuvers.In Botswana, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Botswana is 1.597. The strength of legal rights index for Botswana is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Botswana received 73.8 million USD in foreign aid. In 2014, the foreign aid amounted to 120.1 USD. Botswana is a member of the United Nations (UN). On 17 October 1966, it joined the UN as a full member state. Botswana is a member of the African Union (AU). On 31 October 1966, it joined the AU as a full member state. Botswana is a member of the World Bank. To read more click on politics of Botswana.
Environment of Botswana
Botswana emits 2.3 metric tons per capita of CO2. 119430 km² of Botswana's territory is covered in forests. and forest land comprises 21% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Botswana is 510. To read more click on environment of Botswana.
Company formation in Botswana
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Botswana.
When establishing a company in Botswana, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Botswana that will affect the establishment and growth of one's business. Contact us or click on company formation in Botswana to read additional information when setting up a business.
Bank account opening in Botswana
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Botswana. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Botswana, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Botswana or contact us.