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The Democratic Republic of Congo

The ISO code of The Democratic Republic of Congo is CD according to the ISO 3166 standard. The local name of the country is République Démocratique du Congo. The Democratic Republic of Congo capital city is Kinshasa. People in The Democratic Republic of Congo speak the French language. In the year 1960, The Democratic Republic of Congo emerged as a sovereign political entity. The largest city in The Democratic Republic of Congo is Kinshasa.

The Democratic Republic of Congo has different time zones. They are UTC +01:00 (WAT - West Africa Time), UTC +02:00 (CAT - Central Africa Time).The internet country code top-level domain (ccTLD) for The Democratic Republic of Congo is .cd. The International dialing code for The Democratic Republic of Congo is 243. People in The Democratic Republic of Congo drive on the right side of the road. Total land area of The Democratic Republic of Congo is 2,344,858 km² (approx. 905,351 mi²). The Democratic Republic of Congo is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in The Democratic Republic of Congo

The Democratic Republic of Congo is located in Africa. The Democratic Republic of Congo 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 The Democratic Republic of Congo faces various issues, including poaching that threatens wildlife populations, water pollution, deforestation, refugees responsible for significant deforestation, soil erosion, and wildlife poaching, mining of minerals (coltan - a mineral used in creating capacitors, diamonds, and gold) causing environmental damage.

Doing business in The Democratic Republic of Congo

We offer various corporate services in The Democratic Republic of Congo jurisdiction. These services can serve both, people coming from The Democratic Republic of Congo and foreigners. If you plan on doing business in The Democratic Republic of Congo you might be interested in contacting us.

To find out about starting your business in The Democratic Republic of Congo click on company formation in The Democratic Republic of Congo.

To find out how to open a bank account in The Democratic Republic of Congo and moreover what type of account Confidus Solutions suggests to create, please click on bank account in The Democratic Republic of Congo.

Choose preferred service below or continue reading to find out more about The Democratic Republic of Congo.

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Demographics of The Democratic Republic of Congo

The total population of The Democratic Republic of Congo is 84,004,989 people. In The Democratic Republic of Congo, the population density is 29.6 people per square kilometer (77 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 The Democratic Republic of Congo is 0.8747. The Democratic Republic of Congo has approximately 446924 foreign immigrants. The median age is approximately 17.9 years. In The Democratic Republic of Congo, 1.68 in every 100 people use internet. The Democratic Republic of Congo has a Human Development Index (HDI) of 0.338.

The majority religion of The Democratic Republic of Congo is Christianity, The Democratic Republic of Congo 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 The Democratic Republic of Congo.

Culture of The Democratic Republic of Congo

People in The Democratic Republic of Congo speak the French language. According to data on inbound tourists in The Democratic Republic of Congo, 191,000 tourists arrive in the country each year. One of the most popular national dishes of The Democratic Republic of Congo is poulet à la moambé. To read more click on culture of The Democratic Republic of Congo.

Geography of The Democratic Republic of Congo

The Democratic Republic of Congo is considered to be a vast nation because of its total area. Its total land area is 2,344,858 km² (approx. 905,351 mi²). The Democratic Republic of Congo is located in Africa. Its capital city is Kinshasa. The Democratic Republic of Congo has 9 neighbouring countries. Its neighbours include Angola, Burundi, Central African Republic, Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia. Total length of land borders of The Democratic Republic of Congo is 10481 kilometers (~4,047 miles).

The highest point of The Democratic Republic of Congo is Margherita Peak, with its official height being 5109 m (16,763 ft). Including land mass and EEZ, the total area of The Democratic Republic of Congo is approximately 2,346,464 km² (~905,971 mi²). The most notable natural resources found in The Democratic Republic of Congo are cobalt, copper, niobium, tantalum, petroleum, diamonds, gold, silver, zinc, manganese, tin, uranium, coal, hydropower, timber.To read more click on geography of The Democratic Republic of Congo.

Economy of The Democratic Republic of Congo

The currency of the country is Congolese franc. The symbol used for this currency is Fr, and it is abbreviated as CDF. 3.7% of population in the country are unemployed. The total number of unemployed people in The Democratic Republic of Congo is 3,108,185. Each year, The Democratic Republic of Congo exports around $9.94 billion and imports roughly $8.92 billion. The Gini Index of the country is 42. The Democratic Republic of Congo has a Human Development Index (HDI) of 0.338.The Global Peace Index (GPI) for The Democratic Republic of Congo is 3.085. The Democratic Republic of Congo has a government debt of 48% of the country's Gross Domestic Product (GDP), as assessed in 2012. The Democratic Republic of Congo 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 mining (copper, cobalt, gold, diamonds, coltan, zinc, tin, tungsten), mineral processing, consumer products (textiles, plastics, footwear, cigarettes), metal products, processed foods and beverages, timber, cement, commercial ship repair.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in The Democratic Republic of Congo is $57,775 billion. The corporate tax in The Democratic Republic of Congo is set at 35%. The maximum personal income tax is%.VAT in The Democratic Republic of Congo is 16%, and it is known as Sales Tax. In 2013, The Democratic Republic of Congo received 2859.3 million USD in foreign aid.In 2014, the foreign aid amounted to 5534.4 USD.To read more click on economy of The Democratic Republic of Congo.

Infrastructure of The Democratic Republic of Congo

Infrastructure quality in The Democratic Republic of Congo is rated to be at 1.83. 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 The Democratic Republic of Congo, 16.4% of the population has access to electricity. There are 2,515 internet hosts in The Democratic Republic of Congo. The Democratic Republic of Congo has 198 airports nationwide.

The logistics performance index of The Democratic Republic of Congo is 1.88. 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 2.1. 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.

The number of road motor vehicles per 1000 inhabitants in The Democratic Republic of Congo is 480. To read more click on infrastructure of The Democratic Republic of Congo.

Politics of The Democratic Republic of Congo

The Democratic Republic of Congo, is a semi-presidential republic. With regard to political and civil freedoms, The Democratic Republic of Congo is 3. Citizens in The Democratic Republic of Congo 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 Joseph Kabila.

According to the World Bank Group, the government effectiveness index of The Democratic Republic of Congo is -1.59. This indicates that the government of The Democratic Republic of Congo is very ineffective. The government is unable to provide civil and public services for its citizens and has fostered a situation contributing to political and social unrest.In The Democratic Republic of Congo, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for The Democratic Republic of Congo is 3.085. The strength of legal rights index for The Democratic Republic of Congo is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, The Democratic Republic of Congo received 2859.3 million USD in foreign aid. In 2014, the foreign aid amounted to 5534.4 USD. The Democratic Republic of Congo is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. The Democratic Republic of Congo is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. The Democratic Republic of Congo is a member of the World Bank. To read more click on politics of The Democratic Republic of Congo.

Environment of The Democratic Republic of Congo

The Democratic Republic of Congo emits 0.1 metric tons per capita of CO2. 1172704 km² of The Democratic Republic of Congo's territory is covered in forests. and forest land comprises 50% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in The Democratic Republic of Congo is 480. To read more click on environment of The Democratic Republic of Congo.

Company formation in The Democratic Republic of Congo

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 The Democratic Republic of Congo.

When establishing a company in The Democratic Republic of Congo, 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 The Democratic Republic of Congo that will affect the establishment and growth of one's business. Contact us or click on company formation in The Democratic Republic of Congo to read additional information when setting up a business.

Bank account opening in The Democratic Republic of Congo

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in The Democratic Republic of Congo. 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 The Democratic Republic of Congo, 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 The Democratic Republic of Congo or contact us.