The ISO code of Mauritania is MR according to the ISO 3166 standard. The local name of the country is Muritaniyah. Mauritania capital city is Nouakchott. People in Mauritania speak the Arabic language. On 28 November 1960, Mauritania emerged as a sovereign political entity. In the year 11/28/1960, Mauritania emerged as a sovereign political entity. The largest city in Mauritania is Nouakchott.
Mauritania is located in the UTC +00:00 time zone, which is also called Western European Time or WET. The internet country code top-level domain (ccTLD) for Mauritania is .mr. The International dialing code for Mauritania is 222. People in Mauritania drive on the right side of the road. Total land area of Mauritania is 1,030,000 km² (approx. 397,683 mi²). Mauritania is not a landlocked country. It means that is is bordered by at least one major body of water.
Mauritania is located in Africa. Mauritania 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 Mauritania faces various issues, including deforestation, and soil erosion aggravated by drought are contributing to desertification, limited natural fresh water resources away from the Senegal, which is the only perennial river, locust infestation.
Doing business in Mauritania
We offer various corporate services in Mauritania jurisdiction. These services can serve both, people coming from Mauritania and foreigners. If you plan on doing business in Mauritania you might be interested in contacting us.
To find out about starting your business in Mauritania click on company formation in Mauritania.
To find out how to open a bank account in Mauritania and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Mauritania.
Choose preferred service below or continue reading to find out more about Mauritania.
Demographics of Mauritania
The total population of Mauritania is 4,540,068 people. In Mauritania, the population density is 3.36 people per square kilometer (9 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is rather diverse according to a fractionalization scale which for Mauritania is 0.615. Mauritania has approximately 90206 foreign immigrants. The median age is approximately 19.9 years. In Mauritania, 5.37 in every 100 people use internet. Mauritania has a Human Development Index (HDI) of 0.487.
The majority religion of Mauritania is Islam, Mauritania 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 Mauritania.
Culture of Mauritania
People in Mauritania speak the Arabic language. One of the most popular national dishes of Mauritania is thieboudienne. To read more click on culture of Mauritania.
Geography of Mauritania
Mauritania is considered to be a vast nation because of its total area. Its total land area is 1,030,000 km² (approx. 397,683 mi²). Mauritania is located in Africa. Its capital city is Nouakchott. Mauritania has 4 neighbouring countries. Its neighbours include Algeria, Mali, Senegal, and Western Sahara. Total length of land borders of Mauritania is 5002 kilometers (~1,931 miles).
The highest point of Mauritania is Kediet ej Jill, with its official height being 915 m (3,002 ft). Including land mass and EEZ, the total area of Mauritania is approximately 1,195,338 km² (~461,520 mi²). The most notable natural resources found in Mauritania are iron ore, gypsum, copper, phosphate, diamonds, gold, oil, fish.To read more click on geography of Mauritania.
Economy of Mauritania
The currency of the country is Mauritanian ouguiya. The symbol used for this currency is UM, and it is abbreviated as MRU. 10.2% of population in the country are unemployed. The total number of unemployed people in Mauritania is 463,087. Each year, Mauritania exports around $2.73 billion and imports roughly $3.36 billion. The Gini Index of the country is 39. Mauritania has a Human Development Index (HDI) of 0.487.The Global Peace Index (GPI) for Mauritania is 2.262. Mauritania 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 fish processing, oil production, mining (iron ore, gold, copper).
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mauritania is $15,622 billion. Each year, consumers spend around $2,364 million. The ratio of consumer spending to GDP in Mauritania is 0%, and the ratio of consumer spending to the world consumer market is 0.0068. The corporate tax in Mauritania is set at 25%. Personal income tax ranges from 15% to 40%, depending on your specific situation and income level. VAT in Mauritania is 18%, and it is known as Sales Tax. In 2013, Mauritania received 408.3 million USD in foreign aid.In 2014, the foreign aid amounted to 382.2 USD.To read more click on economy of Mauritania.
Infrastructure of Mauritania
Infrastructure quality in Mauritania is rated to be at 2.4. 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 Mauritania, 21.8% of the population has access to electricity. There are 22 internet hosts in Mauritania. Mauritania has 30 airports nationwide.
The logistics performance index of Mauritania is 2.23. It indicates a mediocre performance - shipping procedures are relatively unreliable, timeliness and safety of transferred goods are often a problem, although such a system may function relatively well if traffic is no too dense.
Tracking possibilities for shipments are rated at 2.22. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
To read more click on infrastructure of Mauritania.
Politics of Mauritania
Mauritania, is a semi-presidential republic. With regard to political and civil freedoms, Mauritania is 3. Citizens in Mauritania 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 Mohamed Ould Abdel Aziz.
According to the World Bank Group, the government effectiveness index of Mauritania is -1.05. This indicates that the government of Mauritania is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Mauritania, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Mauritania is 2.262. The strength of legal rights index for Mauritania is 2. 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, Mauritania received 408.3 million USD in foreign aid. In 2014, the foreign aid amounted to 382.2 USD. Mauritania is a member of the United Nations (UN). On 24 April 1968, it joined the UN as a full member state. Mauritania is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Mauritania is a member of the World Bank. To read more click on politics of Mauritania.
Environment of Mauritania
Mauritania emits 0.6 metric tons per capita of CO2. 2670 km² of Mauritania's territory is covered in forests. and forest land comprises 0% of all the land in the country. To read more click on environment of Mauritania.
Company formation in Mauritania
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 Mauritania.
When establishing a company in Mauritania, 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 Mauritania that will affect the establishment and growth of one's business. Contact us or click on company formation in Mauritania to read additional information when setting up a business.
Bank account opening in Mauritania
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Mauritania. 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 Mauritania, 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 Mauritania or contact us.