The ISO code of Zambia is ZM according to the ISO 3166 standard. The local name of the country is the same as its English name. Zambia capital city is Lusaka. People in Zambia speak the English language. On 24 October 1964, Zambia emerged as a sovereign political entity. In the year 10/24/1964, Zambia emerged as a sovereign political entity. The largest city in Zambia is Lusaka.
Zambia is located in the UTC +02:00 time zone, which is also called Central Africa Time or CAT. The internet country code top-level domain (ccTLD) for Zambia is .zm. The International dialing code for Zambia is 255. People in Zambia drive on the left side of the road. Total land area of Zambia is 752,618 km² (approx. 290,586 mi²). Zambia is a landlocked country.
Zambia is located in Africa. Zambia 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 Zambia faces various issues, including air pollution and resulting acid rain in the mineral extraction and refining region, chemical runoff into watersheds, poaching seriously threatens rhinoceros, elephant, antelope, and large cat populations, deforestation, soil erosion, desertification, lack of adequate water treatment presents human health risks.
Doing business in Zambia
We offer various corporate services in Zambia jurisdiction. These services can serve both, people coming from Zambia and foreigners. If you plan on doing business in Zambia you might be interested in contacting us.
To find out about starting your business in Zambia click on company formation in Zambia.
To find out how to open a bank account in Zambia and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Zambia.
Choose preferred service below or continue reading to find out more about Zambia.
Demographics of Zambia
The total population of Zambia is 17,609,178 people. In Zambia, the population density is 17.4 people per square kilometer (45 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 Zambia is 0.7808. Zambia has approximately 90000 foreign immigrants. The median age is approximately 16.7 years. In Zambia, 13.47 in every 100 people use internet. Zambia has a Human Development Index (HDI) of 0.561.
The majority religion of Zambia is Christianity, Zambia 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 Zambia.
Culture of Zambia
People in Zambia speak the English language. According to data on inbound tourists in Zambia, 915,000 tourists arrive in the country each year. One of the most popular national dishes of Zambia is nshima. To read more click on culture of Zambia.
Geography of Zambia
Zambia is considered to be a large nation because of its total area. Its total land area is 752,618 km² (approx. 290,586 mi²). Zambia is located in Africa. Its capital city is Lusaka. Zambia has 8 neighbouring countries. Its neighbours include Angola, Botswana, Democratic Republic of the Congo, Malawi, Mozambique, Namibia, Tanzania, and Zimbabwe. Total length of land borders of Zambia is 6043.15 kilometers (~2,333 miles).
The highest point of Zambia is Mafinga Central, with its official height being 2329 m (7,641 ft). Including land mass and EEZ, the total area of Zambia is approximately 752,618 km² (~290,586 mi²). The most notable natural resources found in Zambia are copper, cobalt, zinc, lead, coal, emeralds, gold, silver, uranium, hydropower.To read more click on geography of Zambia.
Economy of Zambia
The currency of the country is Zambian kwacha. The symbol used for this currency is ZK, and it is abbreviated as ZMW. 7.8% of population in the country are unemployed. The total number of unemployed people in Zambia is 1,373,516. Each year, Zambia exports around $8.55 billion and imports roughly $8.22 billion. The Gini Index of the country is 57.5. Zambia has a Human Development Index (HDI) of 0.561.The Global Peace Index (GPI) for Zambia is 1.846. Zambia has a government debt of 31.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. Zambia 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 copper mining and processing, emerald mining, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Zambia is $61,392 billion. Each year, consumers spend around $7,003 million. The ratio of consumer spending to GDP in Zambia is 0%, and the ratio of consumer spending to the world consumer market is 0.0202. The corporate tax in Zambia is set at 35%. Personal income tax ranges from 10% to 30%, depending on your specific situation and income level. VAT in Zambia is 17.5%. In 2013, Zambia received 957.7 million USD in foreign aid.In 2014, the foreign aid amounted to 1035 USD.To read more click on economy of Zambia.
Infrastructure of Zambia
Infrastructure quality in Zambia is rated to be at 2.31. 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 Zambia, 22.1% of the population has access to electricity. There are 16,571 internet hosts in Zambia. Zambia has 88 airports nationwide.
The logistics performance index of Zambia is 2.46. 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 2.47. 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 Zambia is 114. To read more click on infrastructure of Zambia.
Politics of Zambia
Zambia, is a presidential republic. With regard to political and civil freedoms, Zambia is 2. Citizens in Zambia experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Zambia, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Edgar Lungu.
According to the World Bank Group, the government effectiveness index of Zambia is -0.47. This indicates that the government of Zambia 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 Zambia before considering any business maneuvers.In Zambia, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Zambia is 1.846. The strength of legal rights index for Zambia is 7. 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, Zambia received 957.7 million USD in foreign aid. In 2014, the foreign aid amounted to 1035 USD. Zambia is a member of the United Nations (UN). On 1 December 1964, it joined the UN as a full member state. Zambia is a member of the African Union (AU). On 16 December 1964, it joined the AU as a full member state. Zambia is a member of the World Bank. To read more click on politics of Zambia.
Environment of Zambia
Zambia emits 0.2 metric tons per capita of CO2. 376309 km² of Zambia'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 Zambia is 114. To read more click on environment of Zambia.
Company formation in Zambia
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 Zambia.
When establishing a company in Zambia, 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 Zambia that will affect the establishment and growth of one's business. Contact us or click on company formation in Zambia to read additional information when setting up a business.
Bank account opening in Zambia
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Zambia. 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 Zambia, 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 Zambia or contact us.