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Investment
Opportunities
Investment opportunities
are being actively promoted in the non-mineral sector so as
to broaden the industrial base of the economy. At present,
a lot of opportunities are available in textiles and garments;
assembly of cars and production of parts and components for
the automobile industry; polishing of diamonds and precious
stones; jewellery; engineering products, including assembly
of motorcycles, bicycles, concrete mixers, gas cylinders,
fans, dies and kitchen utensils; leather products; printing
and publishing; engineering plastics products; ceramics and
sanitary ware products; glass products; pharmaceuticals; electrical
household and industrial goods.
All machinery and
equipment imported for manufacturing purposes is duty- free,
and raw materials imported for the manufacture of products
destined for export will not attract sales tax. If a company
pays sales tax on imported raw materials and the finished
product is exported outside the Southern Africa Customs Union,
the company can apply for duty draw-back. Companies that produce
for local market can hold a deferred payment facility with
the Customs Department, which can be paid a month after the
sale of goods. In addition, Botswana welcomes investment in
all areas of modern manufacturing technology and supporting
services. The establishment of call centres and voice operations,
pre-press and imaging activities, data capture and processing,
using the state-of-the-art telecommunications facilities,
can also be supported. The establishment of the International
Financial Services Centre in Botswana has provided not only
a good investment avenue, but also an excellent facility to
conduct business flexibly.
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