Afghanistan
The ISO code of Afghanistan is AF according to the ISO 3166 standard. The local name of the country is Afghanestan. Afghanistan capital city is Kabul. People in Afghanistan speak the Pashto, and Dari languages. On 1 April 1709, Afghanistan emerged as a sovereign political entity. In the year 04/01/1709, Afghanistan emerged as a sovereign political entity. The largest cities in Afghanistan are Kabul, Kandahar, Mazare Sharif, Herat.
Afghanistan is located in the UTC +04:30 time zone, which is also called Afghanistan Time or AFT. The internet country code top-level domain (ccTLD) for Afghanistan is .af. Other domains assigned to Afghanistan are افغانستان. The International dialing code for Afghanistan is 93. People in Afghanistan drive on the left side of the road. Total land area of Afghanistan is 652,230 km² (approx. 251,826 mi²). Afghanistan is a landlocked country.
Afghanistan is located in Asia. Afghanistan 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 Afghanistan faces various issues, including limited natural fresh water resources, inadequate supplies of potable water, soil degradation, overgrazing, deforestation, desertification, air and water pollution.
Doing business in Afghanistan
We offer various corporate services in Afghanistan jurisdiction. These services can serve both, people coming from Afghanistan and foreigners. If you plan on doing business in Afghanistan you might be interested in contacting us.
To find out about starting your business in Afghanistan click on company formation in Afghanistan.
To find out how to open a bank account in Afghanistan and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Afghanistan.
Choose preferred service below or continue reading to find out more about Afghanistan.
Demographics of Afghanistan
The total population of Afghanistan is 36,373,176 people. In Afghanistan, the population density is 43.5 people per square kilometer (113 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 Afghanistan is 0.7693. Afghanistan has approximately 105090 foreign immigrants. The median age is approximately 18.1 years. In Afghanistan, 5.45 in every 100 people use internet. Afghanistan has a Human Development Index (HDI) of 0.468.
The majority religion of Afghanistan is Islam, Afghanistan 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 Afghanistan.
Culture of Afghanistan
People in Afghanistan speak the Pashto, and Dari languages. One of the most popular national dishes of Afghanistan is kabuli palaw. To read more click on culture of Afghanistan.
Geography of Afghanistan
Afghanistan is considered to be a large nation because of its total area. Its total land area is 652,230 km² (approx. 251,826 mi²). Afghanistan is located in Asia. Its capital city is Kabul. Afghanistan has 6 neighbouring countries. Its neighbours include People's Republic of China, Iran, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. Total length of land borders of Afghanistan is 5987 kilometers (~2,312 miles).
The highest point of Afghanistan is Noshaq, with its official height being 7492 m (24,581 ft). Including land mass and EEZ, the total area of Afghanistan is approximately 652,230 km² (~251,826 mi²). The most notable natural resources found in Afghanistan are natural gas, petroleum, coal, copper, chromite, talc, barites, sulfur, lead, zinc, iron ore, salt, precious and semiprecious stones, arable land.To read more click on geography of Afghanistan.
Economy of Afghanistan
The currency of the country is Afghan afghani. The symbol used for this currency is ؋, and it is abbreviated as AFN. 8.8% of population in the country are unemployed. The total number of unemployed people in Afghanistan is 3,200,839. Each year, Afghanistan exports around $0.38 billion and imports roughly $6.39 billion. The Gini Index of the country is 29. Afghanistan has a Human Development Index (HDI) of 0.468.The Global Peace Index (GPI) for Afghanistan is 3.427. Afghanistan has a government debt of 7.5% of the country's Gross Domestic Product (GDP), as assessed in 2008. Afghanistan 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 small-scale production of bricks, textiles, soap, furniture, shoes, fertilizer, apparel, food products, non-alcoholic beverages, mineral water, cement, handwoven carpets, natural gas, coal, copper.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Afghanistan is $37 billion. Each year, consumers spend around $11,778 million. The ratio of consumer spending to GDP in Afghanistan is 54%, and the ratio of consumer spending to the world consumer market is 0.034. The corporate tax in Afghanistan is set at 20%. Personal income tax ranges from 10% to 20%, depending on your specific situation and income level. VAT in Afghanistan is 5%, and it is known as Business Receipts Tax. In 2013, Afghanistan received 6725 million USD in foreign aid.In 2014, the foreign aid amounted to 6884.7 USD.To read more click on economy of Afghanistan.
Infrastructure of Afghanistan
Infrastructure quality in Afghanistan is rated to be at 1.82. 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 Afghanistan, 43% of the population has access to electricity. There are 223 internet hosts in Afghanistan. Afghanistan has 52 airports nationwide.
The logistics performance index of Afghanistan is 2.07. 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 1.85. 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 Afghanistan.
Politics of Afghanistan
Afghanistan, is a unitary presidential republic. With regard to political and civil freedoms, Afghanistan is 3. Citizens in Afghanistan 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 Ashraf Ghani.
According to the World Bank Group, the government effectiveness index of Afghanistan is -1.34. This indicates that the government of Afghanistan is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Afghanistan, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Afghanistan is 3.427. The strength of legal rights index for Afghanistan is 9. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. In 2013, Afghanistan received 6725 million USD in foreign aid. In 2014, the foreign aid amounted to 6884.7 USD. Afghanistan is a member of the United Nations (UN). On 19 November 1946, it joined the UN as a full member state. Afghanistan is a member of the World Bank. To read more click on politics of Afghanistan.
Environment of Afghanistan
Afghanistan emits 0.4 metric tons per capita of CO2. 1631 km² of Afghanistan's territory is covered in forests. and forest land comprises 0% of all the land in the country. To read more click on environment of Afghanistan.
Company formation in Afghanistan
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 Afghanistan.
When establishing a company in Afghanistan, 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 Afghanistan that will affect the establishment and growth of one's business. Contact us or click on company formation in Afghanistan to read additional information when setting up a business.
Bank account opening in Afghanistan
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Afghanistan. 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 Afghanistan, 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 Afghanistan or contact us.