The ISO code of Angola is AO according to the ISO 3166 standard. The local name of the country is the same as its English name. Angola capital city is Luanda. People in Angola speak the Portuguese language. On 11 November 1975, Angola emerged as a sovereign political entity. In the year 11/11/1975, Angola emerged as a sovereign political entity. The largest cities in Angola are Luanda, N'dalatando, Huambo, Lobito.
Angola is located in the UTC +01:00 time zone, which is also called West Africa Time or WAT. The internet country code top-level domain (ccTLD) for Angola is .ao. The International dialing code for Angola is 244. People in Angola drive on the right side of the road. Total land area of Angola is 1,246,700 km² (approx. 481,351 mi²). Angola is not a landlocked country. It means that is is bordered by at least one major body of water.
Angola is located in Africa. Angola is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Angola faces various issues, including overuse of pastures and subsequent soil erosion attributable to population pressures, desertification, deforestation of tropical rain forest, in response to both international demand for tropical timber and to domestic use as fuel, resulting in loss of biodiversity, soil erosion contributing to water pollution and siltation of rivers and dams, inadequate supplies of potable water.
Doing business in Angola
We offer various corporate services in Angola jurisdiction. These services can serve both, people coming from Angola and foreigners. If you plan on doing business in Angola you might be interested in contacting us.
To find out about starting your business in Angola click on company formation in Angola.
To find out how to open a bank account in Angola and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Angola.
Choose preferred service below or continue reading to find out more about Angola.
Demographics of Angola
The total population of Angola is 30,774,205 people. In Angola, the population density is 14.8 people per square kilometer (39 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is very diverse according to a fractionalization scale which for Angola is 0.7867. Angola has approximately 87436 foreign immigrants. The median age is approximately 17.9 years. In Angola, 16.94 in every 100 people use internet. Angola has a Human Development Index (HDI) of 0.526.
The majority religion of Angola is Christianity, Angola is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Angola.
Culture of Angola
People in Angola speak the Portuguese language. According to data on inbound tourists in Angola, 650,000 tourists arrive in the country each year. One of the most popular national dishes of Angola is moamba de galinha. To read more click on culture of Angola.
Geography of Angola
Angola is considered to be a vast nation because of its total area. Its total land area is 1,246,700 km² (approx. 481,351 mi²). Angola is located in Africa. Its capital city is Luanda. Angola has 4 neighbouring countries. Its neighbours include Democratic Republic of the Congo, Republic of the Congo, Namibia, and Zambia. Total length of land borders of Angola is 5369 kilometers (~2,073 miles).
The highest point of Angola is Morro de Môco, with its official height being 2620 m (8,596 ft). Including land mass and EEZ, the total area of Angola is approximately 1,765,133 km² (~681,519 mi²). The most notable natural resources found in Angola are petroleum, diamonds, iron ore, phosphates, copper, feldspar, gold, bauxite, uranium.To read more click on geography of Angola.
Economy of Angola
The currency of the country is Angolan kwanza. The symbol used for this currency is Kz, and it is abbreviated as AOA. 8.2% of population in the country are unemployed. The total number of unemployed people in Angola is 2,523,485. Each year, Angola exports around $70.84 billion and imports roughly $26.09 billion. The Gini Index of the country is 42.7. Angola has a Human Development Index (HDI) of 0.526.The Global Peace Index (GPI) for Angola is 2.02. Angola is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum, diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold, cement, basic metal products, fish processing, food processing, brewing, tobacco products, sugar, textiles, ship repair.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Angola is $139 billion. Each year, consumers spend around $15,706 million. The ratio of consumer spending to GDP in Angola is 12%, and the ratio of consumer spending to the world consumer market is 0.0453. The corporate tax in Angola is set at 35%. Personal income tax ranges from 0% to 17%, depending on your specific situation and income level. VAT in Angola is 10%, and it is known as Consumption Tax. In 2013, Angola received 242.3 million USD in foreign aid.In 2014, the foreign aid amounted to 194.2 USD.To read more click on economy of Angola.
Infrastructure of Angola
Infrastructure quality in Angola is rated to be at 2.11. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Angola, 37% of the population has access to electricity. There are 20,703 internet hosts in Angola. Angola has 176 airports nationwide.
The logistics performance index of Angola is 2.54. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.59. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Angola is 101. To read more click on infrastructure of Angola.
Politics of Angola
Angola, is a unitary presidential republic. With regard to political and civil freedoms, Angola is 3. Citizens in Angola experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is João Lourenço.
According to the World Bank Group, the government effectiveness index of Angola is -1.15. This indicates that the government of Angola is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Angola, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Angola is 2.02. The strength of legal rights index for Angola is 1. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Angola received 242.3 million USD in foreign aid. In 2014, the foreign aid amounted to 194.2 USD. Angola is a member of the United Nations (UN). On 1 December 1976, it joined the UN as a full member state. Angola is a member of the African Union (AU). On 11 February 1979, it joined the AU as a full member state. Angola is a member of the World Bank. To read more click on politics of Angola.
Environment of Angola
Angola emits 1.4 metric tons per capita of CO2. 591040 km² of Angola's territory is covered in forests. and forest land comprises 47% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Angola is 101. To read more click on environment of Angola.
Company formation in Angola
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Angola.
When establishing a company in Angola, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Angola that will affect the establishment and growth of one's business. Contact us or click on company formation in Angola to read additional information when setting up a business.
Bank account opening in Angola
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Angola. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Angola, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Angola or contact us.