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Welcome |
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"We have established the Botswana
International Financial Services Centre.
This is part of my government's strategy to
build on the economic success that has been
achieved over many years. This success has
been founded on effective macroeconomic
management policies which include creating a
positive business environment. We have a
history of political stability, a well
developed legal system and a growing number
of well educated people as well as good
communications and a strategic location in
the Southern African region. |
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About Botswana IFSC |
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Botswana IFSC is a company limited by
guarantee. The objective is to fulfill the
Government’s mandate to create an active
international financial services centre,
which will make a significant contribution
to achieving economic diversification and
increasing the country’s integration into
the regional and global economy. |
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Botswana IFSC is being developed as an
active cross-border financial services
centre. The focus is on the IFSC being a
location where active and substantive
financial services business is undertaken.
The key characteristics of an IFSC are that
financial services are provided to clients
who are domiciled in other countries and
that fiscal incentives are provided to
financial and non-financial institutions to
encourage them to establish in the IFSC to
provide these services. |
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Botswana IFSC is not a traditional "tax
haven". Such an approach would not meet the
policy objectives of creating employment
opportunities or of enhancing the country's
skill base. In addition traditional tax
havens have come under increasing pressure
in recent years over issues such as money
laundering and tax evasion. The Botswana
IFSC is therefore structured as a
transparent, open business location with
high standards of regulation and rigorous
screening and project approval process.
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The benefits, which Botswana seeks from the
development of an active International
Financial Services Centre, are:
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The creation of sustainable employment
opportunities for suitably qualified
citizens.
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The enhancement of the skills base of the
Botswana workforce.
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The diversification of the revenue base of
the country.
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The fostering of the introduction and
increased use of modern financial services
technology.
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The enhancement of Botswana's already
excellent reputation in the international
financial community.
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Contact Us |
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Postal
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Private
Bag 160, Gaborone, Botswana |
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Tel: |
(+267)
365 1383 |
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Fax: |
(+267)
391 3075 |
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Website: |
www.ifsc.co.bw
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