How can a company get accredited to the IFSC and how is the accreditation done?
The key criterion to be accredited as an IFSC company is a sound business plan that demonstrates the capacity to engage in cross-border financial services. The company should have adequate capital, expertise, and a long term strategy that meets IFSC objectives of employment creation and skills transfer. Applications are presented by the IFSC to the Certification Committee who assess and approve the applications. The Certification Committee is an independent body appointed by the Minister of Finance and Development Planning. This body includes representatives of Ministry of Finance and Development Planning (MFDP), Botswana Unified Revenue Services (BURS); Bank of Botswana; BDC; BEDIA; and Ministry of Communications, Science and Technology (MCST).
Related Questions
- ACCREDITED ACTIVITIES: Am I right in assuming that accreditation does not need to be sought for the IOA Congress and that I just quote the number from the Schedule of Accredited Activities?
- If an accredited exporter is purchased by another company, what will happen to its accreditation? If the relationship with a parent company changes, do they need to let WEA know?
- Can a local company become accredited to the IFSC?
