Mass terminations of company registrations loom

Under the provisions of several acts passed in 2018, any company not migrating to the new Online Business Registration System (OBRS) will be deregistered after June 2. After Tuesday, there will be no provision for “dormant” companies; all companies in Botswana will either be active and registered online or deregistered.

The policy move is part of government’s efforts to plug money laundering loopholes and also enhance the ease of doing business.