Confidus Solutions logotype

Confidus Solutions

Zimbabwe

The ISO code of Zimbabwe is ZW according to the ISO 3166 standard. The local name of the country is the same as its English name. Zimbabwe capital city is Harare. People in Zimbabwe speak the Shona, English, and Ndebele languages. On 11 November 1965, Zimbabwe emerged as a sovereign political entity. In the year 11/11/1965, Zimbabwe emerged as a sovereign political entity. The largest city in Zimbabwe is Harare.

Zimbabwe 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 Zimbabwe is .zw. The International dialing code for Zimbabwe is 263. People in Zimbabwe drive on the left side of the road. Total land area of Zimbabwe is 390,757 km² (approx. 150,871 mi²). Zimbabwe is a landlocked country.

A view in Zimbabwe

Zimbabwe is located in Africa. Zimbabwe 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 Zimbabwe faces various issues, including deforestation, soil erosion, land degradation, air and water pollution, the black rhinoceros herd - once the largest concentration of the species in the world - has been significantly reduced by poaching, poor mining practices have led to toxic waste and heavy metal pollution.

Doing business in Zimbabwe

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

To find out about starting your business in Zimbabwe click on company formation in Zimbabwe.

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

Choose preferred service below or continue reading to find out more about Zimbabwe.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Zimbabwe

The total population of Zimbabwe is 16,913,261 people. In Zimbabwe, the population density is 33 people per square kilometer (86 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for Zimbabwe is 0.3874. Zimbabwe has approximately 355000 foreign immigrants. The median age is approximately 20.2 years. In Zimbabwe, 17.09 in every 100 people use internet. Zimbabwe has a Human Development Index (HDI) of 0.492.

The majority religion of Zimbabwe is Christianity, Zimbabwe 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 Zimbabwe.

Culture of Zimbabwe

People in Zimbabwe speak the Shona, English, and Ndebele languages. According to data on inbound tourists in Zimbabwe, 1,833,000 tourists arrive in the country each year. One of the most popular national dishes of Zimbabwe is sadza. To read more click on culture of Zimbabwe.

Geography of Zimbabwe

Zimbabwe is considered to be a large nation because of its total area. Its total land area is 390,757 km² (approx. 150,871 mi²). Zimbabwe is located in Africa. Its capital city is Harare. Zimbabwe has 4 neighbouring countries. Its neighbours include Botswana, Mozambique, South Africa, and Zambia. Total length of land borders of Zimbabwe is 3229 kilometers (~1,247 miles).

The highest point of Zimbabwe is Mount Nyangani, with its official height being 2592 m (8,504 ft). Including land mass and EEZ, the total area of Zimbabwe is approximately 390,757 km² (~150,871 mi²). The most notable natural resources found in Zimbabwe are coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum group metals.To read more click on geography of Zimbabwe.

Economy of Zimbabwe

The currency of the country is United States dollar. The symbol used for this currency is $, and it is abbreviated as USD. 5.2% of population in the country are unemployed. The total number of unemployed people in Zimbabwe is 879,490. Each year, Zimbabwe exports around $3.14 billion and imports roughly $4.57 billion. The Gini Index of the country is 50.1. Zimbabwe has a Human Development Index (HDI) of 0.492.Zimbabwe has a government debt of 202.7% of the country's Gross Domestic Product (GDP), as assessed in 2012. Zimbabwe 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 (coal, gold, platinum, copper, nickel, tin, diamonds, clay, numerous metallic and nonmetallic ores), steel, wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Zimbabwe is $27,256 billion. Each year, consumers spend around $3,299 million. The ratio of consumer spending to GDP in Zimbabwe is 0%, and the ratio of consumer spending to the world consumer market is 0.0095. The corporate tax in Zimbabwe is set at 25%. Personal income tax ranges from 0% to 50%, depending on your specific situation and income level. VAT in Zimbabwe is 5%. In 2013, Zimbabwe received 1001.2 million USD in foreign aid.In 2014, the foreign aid amounted to 715.6 USD.To read more click on economy of Zimbabwe.

Infrastructure of Zimbabwe

Infrastructure quality in Zimbabwe is rated to be at 2.25. 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 Zimbabwe, 40.5% of the population has access to electricity. There are 30,615 internet hosts in Zimbabwe. Zimbabwe has 196 airports nationwide.

The logistics performance index of Zimbabwe is 2.34. 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 2.22. 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 Zimbabwe.

Politics of Zimbabwe

Zimbabwe, is a dominant-partypresidential republic. With regard to political and civil freedoms, Zimbabwe is 3. Citizens in Zimbabwe 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 Emmerson Mnangagwa.

According to the World Bank Group, the government effectiveness index of Zimbabwe is -1.18. This indicates that the government of Zimbabwe is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Zimbabwe, the legislative power is vested in a Parliament. The strength of legal rights index for Zimbabwe is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Zimbabwe received 1001.2 million USD in foreign aid. In 2014, the foreign aid amounted to 715.6 USD. Zimbabwe is a member of the United Nations (UN). On 25 August 1980, it joined the UN as a full member state. Zimbabwe is a member of the African Union (AU). On 1 June 1980, it joined the AU as a full member state. Zimbabwe is a member of the World Bank. To read more click on politics of Zimbabwe.

Environment of Zimbabwe

Zimbabwe emits 0.7 metric tons per capita of CO2. 259267 km² of Zimbabwe's territory is covered in forests. and forest land comprises 66% of all the land in the country. To read more click on environment of Zimbabwe.

Company formation in Zimbabwe

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 Zimbabwe.

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

Bank account opening in Zimbabwe

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