Foreign Exchange Controls

Exchange Control Act (CAP 55:03), was abolished with effect from 9 February 1999. There are no restrictions on non-residents holding shares in listed companies on the Botswana Stock Exchange. However for collection of Macro-economic data like balance of payments and enforcement of anti-money laundering measures, the authorised dealers such as Banks will require some forms to be completed. Non-citizens residing and or working in Botswana as well as temporary residents are regarded as residents.

However, subscription monies for issue of shares to non-residents in companies registered in Botswana should originate from external sources.

Botswana Pula Vs South African Rand

12 September 2017

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