Regulation & Legislation

Botswana operates a sound legal and regulatory environment informed by compliance to international standards and best practice. Botswana has acceded to international conventions and is strictly observing internationally accepted guidelines on combating money laundering and financial crime.

Botswana is ranked 26th in the world for judicial independence and 2nd in Africa by the World Economic Forum. Further as per the 2007/8 World Bank’s Doing Business Report, Botswana is positioned as one of the world’s top ten reformers for taking measures to protect investors and reduce constraints to starting a business.

The Non Bank Financial Institutions Regulatory Authority (NBFIRA) is the regulator of all non-banking financial entities registered in Botswana including Pension Funds, Asset Management, Consumer/Micro lending, insurance and Collective Investment Undertakings.

The regulator of Banks and banking operations in Botswana is the Bank of Botswana (BOB).

The principle objectives of the regulators are to ensure that investors are protected and that there is transparency in the management and operation of Botswana IFSC domiciled companies.

Regulation and Legislation Act Documents

• Banking (Anti-money laundering) Regulations 2003
• Collective Investment Undertakings Act 2001
• Collective Investment Undertakings Act 1999
• Income Tax (Ammendments) Act July 2006
• Income Tax (Ammendments) Act 1999
• Income Tax (Ammendments) Declaration
• Income Tax Act
• International Insurance Act 2005
• International Insurance Regulations 2007