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Guinea-Bissau

The ISO code of Guinea-Bissau is GW according to the ISO 3166 standard. The local name of the country is Guine-Bissau. Guinea-Bissau capital city is Bissau. People in Guinea-Bissau speak the Portuguese language. On 10 September 1974, Guinea-Bissau emerged as a sovereign political entity. In the year 09/10/1974, Guinea-Bissau emerged as a sovereign political entity. The largest city in Guinea-Bissau is Bissau.

Guinea-Bissau is located in the UTC +00:00 time zone, which is also called Western European Time or WET. The internet country code top-level domain (ccTLD) for Guinea-Bissau is .gw. The International dialing code for Guinea-Bissau is 245. People in Guinea-Bissau drive on the right side of the road. Total land area of Guinea-Bissau is 36,125 km² (approx. 13,948 mi²). Guinea-Bissau is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Guinea-Bissau

Guinea-Bissau is located in Africa. Guinea-Bissau 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 Guinea-Bissau faces various issues, including deforestation, soil erosion, overgrazing, overfishing.

Doing business in Guinea-Bissau

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

To find out about starting your business in Guinea-Bissau click on company formation in Guinea-Bissau.

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

Choose preferred service below or continue reading to find out more about Guinea-Bissau.

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

Demographics of Guinea-Bissau

The total population of Guinea-Bissau is 1,907,268 people. In Guinea-Bissau, the population density is 42 people per square kilometer (109 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 Guinea-Bissau is 0.8082. Guinea-Bissau has approximately 18024 foreign immigrants. The median age is approximately 19.8 years. In Guinea-Bissau, 2.89 in every 100 people use internet. Guinea-Bissau has a Human Development Index (HDI) of 0.396.

The majority religion of Guinea-Bissau is Islam, Guinea-Bissau 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 Guinea-Bissau.

Culture of Guinea-Bissau

People in Guinea-Bissau speak the Portuguese language. One of the most popular national dishes of Guinea-Bissau is fufu. To read more click on culture of Guinea-Bissau.

Geography of Guinea-Bissau

Guinea-Bissau is considered to be a large nation because of its total area. Its total land area is 36,125 km² (approx. 13,948 mi²). Guinea-Bissau is located in Africa. Its capital city is Bissau. Guinea-Bissau has 2 neighbouring countries. Its neighbours include Guinea, and Senegal. Total length of land borders of Guinea-Bissau is 762 kilometers (~294 miles).

The highest point of Guinea-Bissau is an unnamed location, with its official height being 300 m (984 ft). Including land mass and EEZ, the total area of Guinea-Bissau is approximately 159,850 km² (~61,718 mi²). The most notable natural resources found in Guinea-Bissau are fish, timber, phosphates, bauxite, clay, granite, limestone, petroleum.To read more click on geography of Guinea-Bissau.

Economy of Guinea-Bissau

The currency of the country is West African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XOF. 6.1% of population in the country are unemployed. The total number of unemployed people in Guinea-Bissau is 116,343. Each year, Guinea-Bissau exports around $0.15 billion and imports roughly $0.21 billion. The Gini Index of the country is 35.5. Guinea-Bissau has a Human Development Index (HDI) of 0.396.The Global Peace Index (GPI) for Guinea-Bissau is 2.235. Guinea-Bissau has a government debt of 30.34% of the country's Gross Domestic Product (GDP), as assessed in 2014. Guinea-Bissau 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 agricultural products processing, beer, soft drinks.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Guinea-Bissau is $2,532 billion. The corporate tax in Guinea-Bissau is set at 25%. Personal income tax ranges from 2% to 20%, depending on your specific situation and income level. VAT in Guinea-Bissau is 15%. In 2013, Guinea-Bissau received 78.8 million USD in foreign aid.In 2014, the foreign aid amounted to 119.6 USD.To read more click on economy of Guinea-Bissau.

Infrastructure of Guinea-Bissau

Infrastructure quality in Guinea-Bissau is rated to be at 2.29. 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 Guinea-Bissau, 60.6% of the population has access to electricity. There are 90 internet hosts in Guinea-Bissau. Guinea-Bissau has 8 airports nationwide.

The logistics performance index of Guinea-Bissau is 2.43. 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 2.29. 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 Guinea-Bissau is 95. To read more click on infrastructure of Guinea-Bissau.

Politics of Guinea-Bissau

Guinea-Bissau, is a unitary semi-presidential republic. With regard to political and civil freedoms, Guinea-Bissau is 2. Citizens in Guinea-Bissau experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Guinea-Bissau, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is José Mário Vaz.

According to the World Bank Group, the government effectiveness index of Guinea-Bissau is -1.55. This indicates that the government of Guinea-Bissau is very ineffective. The government is unable to provide civil and public services for its citizens and has fostered a situation contributing to political and social unrest.In Guinea-Bissau, the legislative power is vested in a National People's Assembly. The Global Peace Index (GPI) for Guinea-Bissau is 2.235. The strength of legal rights index for Guinea-Bissau 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, Guinea-Bissau received 78.8 million USD in foreign aid. In 2014, the foreign aid amounted to 119.6 USD. Guinea-Bissau is a member of the United Nations (UN). On 17 September 1974, it joined the UN as a full member state. Guinea-Bissau is a member of the African Union (AU). On 19 November 1973, it joined the AU as a full member state. Guinea-Bissau is a member of the World Bank. To read more click on politics of Guinea-Bissau.

Environment of Guinea-Bissau

Guinea-Bissau emits 0.1 metric tons per capita of CO2. 20720 km² of Guinea-Bissau's territory is covered in forests. and forest land comprises 57% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Guinea-Bissau is 95. To read more click on environment of Guinea-Bissau.

Company formation in Guinea-Bissau

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 Guinea-Bissau.

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

Bank account opening in Guinea-Bissau

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