The ISO code of Haiti is HT according to the ISO 3166 standard. The local name of the country is the same as its English name. Haiti capital city is Port-au-Prince. People in Haiti speak the Haitian Creole French, and French languages. On 1 August 1934, Haiti emerged as a sovereign political entity. In the year 08/01/1934, Haiti emerged as a sovereign political entity. The largest city in Haiti is Port-au-Prince.
Haiti is located in the UTC -05:00 time zone, which is also called Eastern standard Time or EST. The internet country code top-level domain (ccTLD) for Haiti is .ht. The International dialing code for Haiti is 509. People in Haiti drive on the right side of the road. Total land area of Haiti is 27,750 km² (approx. 10,714 mi²). Haiti is not a landlocked country. It means that is is bordered by at least one major body of water.
Haiti is located in North America. Haiti 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 Haiti faces various issues, including extensive deforestation (much of the remaining forested land is being cleared for agriculture and used as fuel), soil erosion, inadequate supplies of potable water.
Doing business in Haiti
We offer various corporate services in Haiti jurisdiction. These services can serve both, people coming from Haiti and foreigners. If you plan on doing business in Haiti you might be interested in contacting us.
To find out about starting your business in Haiti click on company formation in Haiti.
To find out how to open a bank account in Haiti and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Haiti.
Choose preferred service below or continue reading to find out more about Haiti.
Demographics of Haiti
The total population of Haiti is 11,112,945 people. In Haiti, the population density is 397 people per square kilometer (1,033 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Haiti is 0.095. Haiti has approximately 39529 foreign immigrants. The median age is approximately 22.2 years. In Haiti, 10.87 in every 100 people use internet. Haiti has a Human Development Index (HDI) of 0.471.
The majority religion of Haiti is Christianity, Haiti 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 Haiti.
Culture of Haiti
People in Haiti speak the Haitian Creole French, and French languages. According to data on inbound tourists in Haiti, 300,000 tourists arrive in the country each year. One of the most popular national dishes of Haiti is red beans and rice. To read more click on culture of Haiti.
Geography of Haiti
Haiti is considered to be a large nation because of its total area. Its total land area is 27,750 km² (approx. 10,714 mi²). Haiti is located in North America. Its capital city is Port-au-Prince. The length of said border is 360 km (224 mi).Total length of land borders of Haiti is 376 kilometers (~145 miles).
The highest point of Haiti is Pic la Selle, with its official height being 2680 m (8,793 ft). Including land mass and EEZ, the total area of Haiti is approximately 154,510 km² (~59,656 mi²). The most notable natural resources found in Haiti are bauxite, copper, calcium carbonate, gold, marble, hydropower, arable land.To read more click on geography of Haiti.
Economy of Haiti
The currency of the country is Haitian gourde. The symbol used for this currency is G, and it is abbreviated as HTG. 14.% of population in the country are unemployed. The total number of unemployed people in Haiti is 1,555,812. Each year, Haiti exports around $0.88 billion and imports roughly $2.7 billion. The Gini Index of the country is 59.2. Haiti has a Human Development Index (HDI) of 0.471.The Global Peace Index (GPI) for Haiti is 2.074. Haiti 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 textiles, sugar refining, flour milling, cement, light assembly using imported parts.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Haiti is $18,376 billion. Each year, consumers spend around $6,623 million. The ratio of consumer spending to GDP in Haiti is 0%, and the ratio of consumer spending to the world consumer market is 0.0191. The corporate tax in Haiti is set at 30%. Personal income tax ranges from 10% to 35%, depending on your specific situation and income level. VAT in Haiti is 10%. In 2013, Haiti received 1275.1 million USD in foreign aid.In 2014, the foreign aid amounted to 1710.1 USD.To read more click on economy of Haiti.
Infrastructure of Haiti
Infrastructure quality in Haiti is rated to be at 2. 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 Haiti, 37.9% of the population has access to electricity. There are 555 internet hosts in Haiti. Haiti has 14 airports nationwide.
The logistics performance index of Haiti is 2.27. 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 2.32. 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 Haiti is 95. To read more click on infrastructure of Haiti.
Politics of Haiti
Haiti, is a unitary semi-presidential republic. With regard to political and civil freedoms, Haiti is 2. Citizens in Haiti experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Haiti, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Jovenel Moïse.
According to the World Bank Group, the government effectiveness index of Haiti is -2.03. This indicates that the government of Haiti 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 Haiti, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Haiti is 2.074. The strength of legal rights index for Haiti 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, Haiti received 1275.1 million USD in foreign aid. In 2014, the foreign aid amounted to 1710.1 USD. Haiti is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it inception date as a full member state. Haiti is one of the original UN member states who founded the organization. Haiti is a member of the World Bank. To read more click on politics of Haiti.
Environment of Haiti
Haiti emits 0.2 metric tons per capita of CO2. 8300 km² of Haiti's territory is covered in forests. and forest land comprises 30% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Haiti is 95. To read more click on environment of Haiti.
Company formation in Haiti
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 Haiti.
When establishing a company in Haiti, 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 Haiti that will affect the establishment and growth of one's business. Contact us or click on company formation in Haiti to read additional information when setting up a business.
Bank account opening in Haiti
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Haiti. 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 Haiti, 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 Haiti or contact us.