Exchange controls

Exchange control in Botswana, governed by the Exchange Control Act (CAP 55:03), was abolished with effect from 9 February 1999 following an announcement to this effect by the Minister of Finance during his Budget speech.

However there is a need to monitor the sale and purchase of foreign currency for collection of Macro-economic data, viz balance of payments and enforcement of anti-money laundering measures. For this purpose, the authorised dealers will require some forms to be completed and conditions met.

Non-resident shareholding
Subscription monies for issue of shares to non-residents in companies registered in Botswana should originate from external sources. Furthermore there are no restrictions on non-residents holding shares in listed companies on the Botswana Stock Exchange.

Residential status
Non-citizens residing and or working in Botswana as well as temporary residents are regarded as residents.