The ISO code of Tunisia is TN according to the ISO 3166 standard. The local name of the country is Tunis. Tunisia capital city is Tunis. People in Tunisia speak the Arabic language. On 20 March 1956, Tunisia emerged as a sovereign political entity. In the year 03/20/1956, Tunisia emerged as a sovereign political entity. The largest city in Tunisia is Tunis.
Tunisia 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 Tunisia is .tn. Other domains assigned to Tunisia are تونس.. The International dialing code for Tunisia is 216. People in Tunisia drive on the right side of the road. Total land area of Tunisia is 163,610 km² (approx. 63,170 mi²). Tunisia is not a landlocked country. It means that is is bordered by at least one major body of water.
Tunisia is located in Africa. Tunisia 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 Tunisia faces various issues, including toxic and hazardous waste disposal is ineffective and poses health risks, water pollution from raw sewage, limited natural fresh water resources, deforestation, overgrazing, soil erosion, desertification.
Doing business in Tunisia
We offer various corporate services in Tunisia jurisdiction. These services can serve both, people coming from Tunisia and foreigners. If you plan on doing business in Tunisia you might be interested in contacting us.
To find out about starting your business in Tunisia click on company formation in Tunisia.
To find out how to open a bank account in Tunisia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Tunisia.
Choose preferred service below or continue reading to find out more about Tunisia.
Demographics of Tunisia
The total population of Tunisia is 11,659,174 people. In Tunisia, the population density is 66 people per square kilometer (172 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Tunisia is 0.0394. Tunisia has approximately 36526 foreign immigrants. The median age is approximately 31.4 years. In Tunisia, 41.44 in every 100 people use internet. Tunisia has a Human Development Index (HDI) of 0.721.
The majority religion of Tunisia is Islam, Tunisia 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 Tunisia.
Culture of Tunisia
People in Tunisia speak the Arabic language. According to data on inbound tourists in Tunisia, 6,269,000 tourists arrive in the country each year. The first McDonalds in Tunisia was opened on 07/07/1905. One of the most popular national dishes of Tunisia is couscous. To read more click on culture of Tunisia.
Geography of Tunisia
Tunisia is considered to be a large nation because of its total area. Its total land area is 163,610 km² (approx. 63,170 mi²). Tunisia is located in Africa. Its capital city is Tunis. Tunisia has 2 neighbouring countries. Its neighbours include Algeria, and Libya. Total length of land borders of Tunisia is 1495 kilometers (~577 miles).
The highest point of Tunisia is Jebel ech Chambi, with its official height being 1544 m (5,066 ft). Including land mass and EEZ, the total area of Tunisia is approximately 265,467 km² (~102,497 mi²). The most notable natural resources found in Tunisia are petroleum, phosphates, iron ore, lead, zinc, salt.To read more click on geography of Tunisia.
Economy of Tunisia
The currency of the country is Tunisian dinar. The symbol used for this currency is د.ت, and it is abbreviated as TND. 15.2% of population in the country are unemployed. The total number of unemployed people in Tunisia is 1,772,194. Each year, Tunisia exports around $17.46 billion and imports roughly $24.95 billion. The Gini Index of the country is 40. Tunisia has a Human Development Index (HDI) of 0.721.The Global Peace Index (GPI) for Tunisia is 1.952. Tunisia has a government debt of 52.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. Tunisia 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, mining (particularly phosphate, iron ore), tourism, textiles, footwear, agribusiness, beverages.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Tunisia is $124,729 billion. Each year, consumers spend around $24,837 million. The ratio of consumer spending to GDP in Tunisia is 0%, and the ratio of consumer spending to the world consumer market is 0.0716. The corporate tax in Tunisia is set at 30%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Tunisia is 18%. In 2013, Tunisia received 1017 million USD in foreign aid.In 2014, the foreign aid amounted to 921 USD.To read more click on economy of Tunisia.
Infrastructure of Tunisia
Infrastructure quality in Tunisia is rated to be at 2.3. 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 Tunisia, 100% of the population has access to electricity. There are 576 internet hosts in Tunisia. Tunisia has 29 airports nationwide.
The logistics performance index of Tunisia is 2.55. 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 2.42. 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 Tunisia is 106. To read more click on infrastructure of Tunisia.
Politics of Tunisia
Tunisia, is a unitary parliamentary republic. With regard to political and civil freedoms, Tunisia is 1. Citizens in Tunisia 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 Beji Caid Essebsi.
According to the World Bank Group, the government effectiveness index of Tunisia is -0.13. This indicates that the government of Tunisia is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Tunisia before considering any business maneuvers.In Tunisia, the legislative power is vested in a Assembly of the Representatives of the People. The Global Peace Index (GPI) for Tunisia is 1.952. The strength of legal rights index for Tunisia 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, Tunisia received 1017 million USD in foreign aid. In 2014, the foreign aid amounted to 921 USD. Tunisia is a member of the United Nations (UN). On 12 November 1956, it joined the UN as a full member state. Tunisia is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Tunisia is a member of the World Bank. To read more click on politics of Tunisia.
Environment of Tunisia
Tunisia emits 2.4 metric tons per capita of CO2. 20615 km² of Tunisia's territory is covered in forests. and forest land comprises 13% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Tunisia is 106. To read more click on environment of Tunisia.
Company formation in Tunisia
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 Tunisia.
When establishing a company in Tunisia, 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 Tunisia that will affect the establishment and growth of one's business. Contact us or click on company formation in Tunisia to read additional information when setting up a business.
Bank account opening in Tunisia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Tunisia. 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 Tunisia, 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 Tunisia or contact us.