Chad
The ISO code of Chad is TD according to the ISO 3166 standard. The local name of the country is Tchad. Chad capital city is N'Djamena. People in Chad speak the French, and Arabic languages. On 11 August 1960, Chad emerged as a sovereign political entity. In the year 08/11/1960, Chad emerged as a sovereign political entity. The largest city in Chad is N'Djamena.
Chad 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 Chad is .td. The International dialing code for Chad is 235. People in Chad drive on the right side of the road. Total land area of Chad is 1,284,000 km² (approx. 495,753 mi²). Chad is a landlocked country.
Chad is located in Africa. Chad 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 Chad faces various issues, including inadequate supplies of potable water, improper waste disposal in rural areas contributes to soil and water pollution, desertification.
Doing business in Chad
We offer various corporate services in Chad jurisdiction. These services can serve both, people coming from Chad and foreigners. If you plan on doing business in Chad you might be interested in contacting us.
To find out about starting your business in Chad click on company formation in Chad.
To find out how to open a bank account in Chad and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Chad.
Choose preferred service below or continue reading to find out more about Chad.
Demographics of Chad
The total population of Chad is 15,353,184 people. In Chad, the population density is 8.78 people per square kilometer (23 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is very diverse according to a fractionalization scale which for Chad is 0.862. Chad has approximately 331251 foreign immigrants. The median age is approximately 17.2 years. In Chad, 2.1 in every 100 people use internet. Chad has a Human Development Index (HDI) of 0.372.
The majority religion of Chad is Islam, Chad 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 Chad.
Culture of Chad
People in Chad speak the French, and Arabic languages. According to data on inbound tourists in Chad, 100,000 tourists arrive in the country each year. One of the most popular national dishes of Chad is darab. To read more click on culture of Chad.
Geography of Chad
Chad is considered to be a vast nation because of its total area. Its total land area is 1,284,000 km² (approx. 495,753 mi²). Chad is located in Africa. Its capital city is N'Djamena. Chad has 6 neighbouring countries. Its neighbours include Cameroon, Central African Republic, Libya, Niger, Nigeria, and Sudan. Total length of land borders of Chad is 6406 kilometers (~2,473 miles).
The highest point of Chad is Emi Koussi, with its official height being 3445 m (11,303 ft). Including land mass and EEZ, the total area of Chad is approximately 1,284,000 km² (~495,753 mi²). The most notable natural resources found in Chad are petroleum, uranium, natron, kaolin, fish, gold, limestone, sand, gravel, salt.To read more click on geography of Chad.
Economy of Chad
The currency of the country is Central African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XAF. 5.9% of population in the country are unemployed. The total number of unemployed people in Chad is 905,838. Each year, Chad exports around $3.87 billion and imports roughly $2.7 billion. The Gini Index of the country is 43.3. Chad has a Human Development Index (HDI) of 0.372.The Global Peace Index (GPI) for Chad is 2.429. Chad has a government debt of 8.5% of the country's Gross Domestic Product (GDP), as assessed in 2013. Chad 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 oil, cotton textiles, brewing, natron (sodium carbonate), soap, cigarettes, construction materials.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Chad is $29,641 billion. Each year, consumers spend around $2,422 million. The ratio of consumer spending to GDP in Chad is 0%, and the ratio of consumer spending to the world consumer market is 0.007. The corporate tax in Chad is set at 40%. VAT in Chad is 18%. In 2013, Chad received 478.5 million USD in foreign aid.In 2014, the foreign aid amounted to 460.1 USD.To read more click on economy of Chad.
Infrastructure of Chad
Infrastructure quality in Chad is rated to be at 2.33. 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 Chad, 6.4% of the population has access to electricity. There are 6 internet hosts in Chad. Chad has 59 airports nationwide.
The logistics performance index of Chad is 2.53. 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 2.71. 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 Chad.
Politics of Chad
Chad, is a dominant-party presidential republic. With regard to political and civil freedoms, Chad is 3. Citizens in Chad 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 Idriss Déby.
According to the World Bank Group, the government effectiveness index of Chad is -1.48. This indicates that the government of Chad is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Chad, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Chad is 2.429. The strength of legal rights index for Chad is 6. 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, Chad received 478.5 million USD in foreign aid. In 2014, the foreign aid amounted to 460.1 USD. Chad is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Chad is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Chad is a member of the World Bank. To read more click on politics of Chad.
Environment of Chad
119210 km² of Chad's territory is covered in forests. and forest land comprises 9% of all the land in the country. To read more click on environment of Chad.
Company formation in Chad
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 Chad.
When establishing a company in Chad, 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 Chad that will affect the establishment and growth of one's business. Contact us or click on company formation in Chad to read additional information when setting up a business.
Bank account opening in Chad
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Chad. 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 Chad, 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 Chad or contact us.