About Botswana
Location.
Botswana is a land locked country, located in Southern Africa.
Neighbouring and adjoining countries are South Africa, Namibia, Zambia and Zimbabwe
Politics.
Botswana has been in dependent since 1966 the current President, Ian Khama is the 4th President.
Botswana is a representative democratic republic, elections are held every 5 using Westminister style “first passed post” constituencies.
The President of Botswana is both head of state and head of government.
Executive power is exercised by the government.
Legislative power is vested in both the government and the Parliament of Botswana.
The most recent election, its eleventh, was held on 24 October 2014. Since independence was declared, the party system has been dominated by the Botswana Democratic Party.
Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966. Since then, it has maintained a strong tradition of stable representative democracy, with a consistent record of uninterrupted democratic elections
Citizens of Botswana refer to themselves as Batswana plural and Motswana singular.
Economy
Since independence, Botswana has had one of the fastest growth rates in per capita income in the world. Botswana has transformed itself from one of the poorest countries in the world to a middle-income country. By one estimate, it has the fourth highest gross national income at purchasing power parity in Africa, giving it a standard of living around that of Mexico.
The economy is mainly driven by Mining, Tourism and Cattle
Population
The Population of Botswana is just over 2 Million
Visas for Botswana
Travellers with British , South African, EU and USA passports, as well as many other nationalities do not need a visa when travelling to Botswana. For more visa information, see the Botswana Tourism Board site.
Tax
Personal tax-
5% over annual income of P36,000.
12.5% over annual income of P72,000
18.75% over annual income of P108,000
25% over annual income of P144,000
Company Tax – 22%
Value Added Tax – 12%
Foreign dividends – 15%
Taxable income of an Accredited Innovation Hub (AIH) business - 15%.
The corporate income tax rate applying to non-resident companies - 30%
General
Dialling code +267
Currency is Pula – vist www.oanda.com for exchange rates
Language – English is an official and commercial language the local language is Setswana/Tswana