The ISO code of Nauru is NR according to the ISO 3166 standard. The local name of the country is the same as its English name. Nauru capital city is Yaren (de facto). People in Nauru speak the English, and Nauruan languages. On 31 January 1968, Nauru emerged as a sovereign political entity. In the year 01/31/1968, Nauru emerged as a sovereign political entity. The largest cities in Nauru are Denigomodu, Meneng, Aiwo.
Nauru is located in the UTC +12:00 time zone, which is also called Gilbert Island Time or GILT. The internet country code top-level domain (ccTLD) for Nauru is .nr. The International dialing code for Nauru is 674. People in Nauru drive on the left side of the road. Total land area of Nauru is 21 km² (approx. 8 mi²). Nauru is not a landlocked country. It means that is is bordered by at least one major body of water.
Nauru is located in Oceania. Nauru 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 Nauru faces various issues, including limited natural fresh water resources, roof storage tanks collect rainwater but mostly dependent on a single, aging desalination plant, intensive phosphate mining during the past 90 years - mainly by a UK, Australia, and NZ consortium - has left the central 90% of Nauru a wasteland and threatens limited remaining land resources.
Doing business in Nauru
We offer various corporate services in Nauru jurisdiction. These services can serve both, people coming from Nauru and foreigners. If you plan on doing business in Nauru you might be interested in contacting us.
To find out about starting your business in Nauru click on company formation in Nauru.
To find out how to open a bank account in Nauru and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Nauru.
Choose preferred service below or continue reading to find out more about Nauru.
Demographics of Nauru
The total population of Nauru is 11,312 people. In Nauru, the population density is 480 people per square kilometer (1,249 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Nauru is 0.5832. Nauru has approximately 3178 foreign immigrants. The median age is approximately 25.3 years. In Nauru, 54 in every 100 people use internet.
The majority religion of Nauru is Christianity, Nauru 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 Nauru.
Culture of Nauru
People in Nauru speak the English, and Nauruan languages. One of the most popular national dishes of Nauru is fried eggs and rice. To read more click on culture of Nauru.
Geography of Nauru
Nauru is considered to be a large nation because of its total area. Its total land area is 21 km² (approx. 8 mi²). Nauru is located in Oceania. Its capital city is Yaren (de facto). Nauru has no land borders.
The highest point of Nauru is Command Ridge, with its official height being 71 m (233 ft). Including land mass and EEZ, the total area of Nauru is approximately 308,501 km² (~119,112 mi²). The most notable natural resources found in Nauru are phosphates, fish.To read more click on geography of Nauru.
Economy of Nauru
The currency of the country is Nauruan dollar. The symbol used for this currency is $, and it is abbreviated as AUD. 22.9% of population in the country are unemployed. The total number of unemployed people in Nauru is 2,590. Each year, Nauru exports around $0.057 billion and imports roughly $0.126 billion. The Gini Index of the country is 67. Nauru has a government debt of 34.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. Nauru 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 phosphate mining, offshore banking, coconut products.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Nauru is $0 billion. Each year, consumers spend around $54 million. The ratio of consumer spending to GDP in Nauru is 35%, and the ratio of consumer spending to the world consumer market is 0.0002. The corporate tax in Nauru is set at 30%. VAT in Nauru is 0%. To read more click on economy of Nauru.
Infrastructure of Nauru
There are 8,162 internet hosts in Nauru. Nauru has 1 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Nauru is 5. To read more click on infrastructure of Nauru.
Politics of Nauru
Nauru, is a non-partisan democracy parliamentary republic. With regard to political and civil freedoms, Nauru is 1. Citizens in Nauru experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Baron Waqa.
According to the World Bank Group, the government effectiveness index of Nauru is -0.6. This indicates that the government of Nauru is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Nauru, the legislative power is vested in a Parliament. Nauru is a member of the United Nations (UN). On 14 September 1999, it joined the UN as a full member state. To read more click on politics of Nauru.
Environment of Nauru
Nauru emits 8.19 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Nauru is 5. To read more click on environment of Nauru.
Company formation in Nauru
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 Nauru.
When establishing a company in Nauru, 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 Nauru that will affect the establishment and growth of one's business. Contact us or click on company formation in Nauru to read additional information when setting up a business.
Bank account opening in Nauru
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Nauru. 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 Nauru, 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 Nauru or contact us.