Burundi
The ISO code of Burundi is BI according to the ISO 3166 standard. The local name of the country is the same as its English name. Burundi capital city is Bujumbura. People in Burundi speak the French language. In the year 1945, Burundi emerged as a sovereign political entity. The largest city in Burundi is Bujumbura.
Burundi 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 Burundi is .bi. The International dialing code for Burundi is 257. People in Burundi drive on the right side of the road. Total land area of Burundi is 27,830 km² (approx. 10,745 mi²). Burundi is a landlocked country.
Burundi is located in Africa. Burundi 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 Burundi faces various issues, including soil erosion as a result of overgrazing and the expansion of agriculture into marginal lands, deforestation (little forested land remains because of uncontrolled cutting of trees for fuel), habitat loss threatens wildlife populations.
Doing business in Burundi
We offer various corporate services in Burundi jurisdiction. These services can serve both, people coming from Burundi and foreigners. If you plan on doing business in Burundi you might be interested in contacting us.
To find out about starting your business in Burundi click on company formation in Burundi.
To find out how to open a bank account in Burundi and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Burundi.
Choose preferred service below or continue reading to find out more about Burundi.
Demographics of Burundi
The total population of Burundi is 11,216,450 people. In Burundi, the population density is 343 people per square kilometer (892 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is diverse according to a fractionalization scale which for Burundi is 0.2951. Burundi has approximately 254477 foreign immigrants. The median age is approximately 17 years. In Burundi, 1.22 in every 100 people use internet. Burundi has a Human Development Index (HDI) of 0.389.
The majority religion of Burundi is Christianity, Burundi 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 Burundi.
Culture of Burundi
People in Burundi speak the French language. According to data on inbound tourists in Burundi, 142,000 tourists arrive in the country each year. One of the most popular national dishes of Burundi is ndizi. To read more click on culture of Burundi.
Geography of Burundi
Burundi is considered to be a large nation because of its total area. Its total land area is 27,830 km² (approx. 10,745 mi²). Burundi is located in Africa. Its capital city is Bujumbura. Burundi has 3 neighbouring countries. Its neighbours include Democratic Republic of the Congo, Rwanda, and Tanzania. Total length of land borders of Burundi is 1140 kilometers (~440 miles).
The highest point of Burundi is Mount Heha, with its official height being 2684 m (8,806 ft). Including land mass and EEZ, the total area of Burundi is approximately 27,830 km² (~10,745 mi²). The most notable natural resources found in Burundi are nickel, uranium, rare earth oxides, peat, cobalt, copper, platinum, vanadium, arable land, hydropower, niobium, tantalum, gold, tin, tungsten, kaolin, limestone.To read more click on geography of Burundi.
Economy of Burundi
The currency of the country is Burundian franc. The symbol used for this currency is Fr, and it is abbreviated as BIF. 1.6% of population in the country are unemployed. The total number of unemployed people in Burundi is 179,463. Each year, Burundi exports around $0.12 billion and imports roughly $0.87 billion. The Gini Index of the country is 42.4. Burundi has a Human Development Index (HDI) of 0.389.The Global Peace Index (GPI) for Burundi is 2.323. Burundi 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 light consumer goods (blankets, shoes, soap, beer), assembly of imported components, public works construction, food processing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Burundi is $8,409 billion. Each year, consumers spend around $1,106 million. The ratio of consumer spending to GDP in Burundi is 0%, and the ratio of consumer spending to the world consumer market is 0.0032. The corporate tax in Burundi is set at 35%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Burundi is 18%. In 2013, Burundi received 522.7 million USD in foreign aid.In 2014, the foreign aid amounted to 574.8 USD.To read more click on economy of Burundi.
Infrastructure of Burundi
Infrastructure quality in Burundi is rated to be at 2.4. 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 Burundi, 6.5% of the population has access to electricity. There are 229 internet hosts in Burundi. Burundi has 7 airports nationwide.
The logistics performance index of Burundi is 2.57. 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 2.51. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
To read more click on infrastructure of Burundi.
Politics of Burundi
Burundi, is a presidential republic. With regard to political and civil freedoms, Burundi is 3. Citizens in Burundi 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 Pierre Nkurunziza.
According to the World Bank Group, the government effectiveness index of Burundi is -1.09. This indicates that the government of Burundi is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Burundi, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Burundi is 2.323. The strength of legal rights index for Burundi 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, Burundi received 522.7 million USD in foreign aid. In 2014, the foreign aid amounted to 574.8 USD. Burundi is a member of the United Nations (UN). On 18 September 1962, it joined the UN as a full member state. Burundi is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Burundi is a member of the World Bank. To read more click on politics of Burundi.
Environment of Burundi
1270 km² of Burundi's territory is covered in forests. and forest land comprises 5% of all the land in the country. To read more click on environment of Burundi.
Company formation in Burundi
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 Burundi.
When establishing a company in Burundi, 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 Burundi that will affect the establishment and growth of one's business. Contact us or click on company formation in Burundi to read additional information when setting up a business.
Bank account opening in Burundi
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Burundi. 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 Burundi, 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 Burundi or contact us.