The ISO code of Togo is TG according to the ISO 3166 standard. The local name of the country is Republique Togolaise. Togo capital city is Lomé. People in Togo speak the French language. On 27 April 1960, Togo emerged as a sovereign political entity. In the year 04/27/1960, Togo emerged as a sovereign political entity. The largest city in Togo is Lomé.
Togo 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 Togo is .tg. The International dialing code for Togo is 228. People in Togo drive on the right side of the road. Total land area of Togo is 56,785 km² (approx. 21,925 mi²). Togo is not a landlocked country. It means that is is bordered by at least one major body of water.
Togo is located in Africa. Togo 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 Togo faces various issues, including deforestation attributable to slash-and-burn agriculture and the use of wood for fuel, water pollution presents health hazards and hinders the fishing industry, air pollution increasing in urban areas.
Doing business in Togo
We offer various corporate services in Togo jurisdiction. These services can serve both, people coming from Togo and foreigners. If you plan on doing business in Togo you might be interested in contacting us.
To find out about starting your business in Togo click on company formation in Togo.
To find out how to open a bank account in Togo and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Togo.
Choose preferred service below or continue reading to find out more about Togo.
Demographics of Togo
The total population of Togo is 7,990,926 people. In Togo, the population density is 109 people per square kilometer (284 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 Togo is 0.7099. Togo has approximately 202476 foreign immigrants. The median age is approximately 19.6 years. In Togo, 4 in every 100 people use internet. Togo has a Human Development Index (HDI) of 0.62.
The majority religion of Togo is Christianity, Togo 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 Togo.
Culture of Togo
People in Togo speak the French language. According to data on inbound tourists in Togo, 327,000 tourists arrive in the country each year. One of the most popular national dishes of Togo is fufu. To read more click on culture of Togo.
Geography of Togo
Togo is considered to be a large nation because of its total area. Its total land area is 56,785 km² (approx. 21,925 mi²). Togo is located in Africa. Its capital city is Lomé. Togo has 3 neighbouring countries. Its neighbours include Benin, Burkina Faso, and Ghana. Total length of land borders of Togo is 1880 kilometers (~726 miles).
The highest point of Togo is Mont Agou, with its official height being 986 m (3,235 ft). Including land mass and EEZ, the total area of Togo is approximately 56,785 km² (~21,925 mi²). The most notable natural resources found in Togo are phosphates, limestone, marble, arable land.To read more click on geography of Togo.
Economy of Togo
The currency of the country is West African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XOF. 1.8% of population in the country are unemployed. The total number of unemployed people in Togo is 143,837. Each year, Togo exports around $0.98 billion and imports roughly $1.68 billion. The Gini Index of the country is 34.4. Togo has a Human Development Index (HDI) of 0.62.The Global Peace Index (GPI) for Togo is 1.944. Togo has a government debt of 58.69% of the country's Gross Domestic Product (GDP), as assessed in 2013. Togo 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, agricultural processing, cement, handicrafts, textiles, beverages.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Togo is $10,162 billion. Each year, consumers spend around $2,693 million. The ratio of consumer spending to GDP in Togo is 0%, and the ratio of consumer spending to the world consumer market is 0.0078. The corporate tax in Togo is set at 29%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Togo is 18%. In 2013, Togo received 241.4 million USD in foreign aid.In 2014, the foreign aid amounted to 542.7 USD.To read more click on economy of Togo.
Infrastructure of Togo
Infrastructure quality in Togo is rated to be at 2.07. 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 Togo, 31.5% of the population has access to electricity. There are 1,168 internet hosts in Togo. Togo has 8 airports nationwide.
The logistics performance index of Togo is 2.32. 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 2.49. 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 Togo.
Politics of Togo
Togo, is a presidential republic. With regard to political and civil freedoms, Togo is 2. Citizens in Togo experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Togo, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Faure Gnassingbé.
In Togo, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Togo is 1.944. The strength of legal rights index for Togo 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, Togo received 241.4 million USD in foreign aid. In 2014, the foreign aid amounted to 542.7 USD. Togo is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Togo is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Togo is a member of the World Bank. To read more click on politics of Togo.
Environment of Togo
Togo emits 0.26 metric tons per capita of CO2. 8000 km² of Togo's territory is covered in forests. and forest land comprises 14% of all the land in the country. To read more click on environment of Togo.
Company formation in Togo
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 Togo.
When establishing a company in Togo, 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 Togo that will affect the establishment and growth of one's business. Contact us or click on company formation in Togo to read additional information when setting up a business.
Bank account opening in Togo
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Togo. 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 Togo, 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 Togo or contact us.