The ISO code of Kosovo is XXKO according to the ISO 3166 standard. The local name of the country is Kosova,Kosovë,Kosovo,Косово. Kosovo capital city is Pristina. People in Kosovo speak the Albanian, and Serbian languages. On 17 February 2008, Kosovo emerged as a sovereign political entity. In the year 02/17/2008, Kosovo emerged as a sovereign political entity.
Kosovo is located in the UTC +01:00 time zone, which is also called Central European Time or CET. People in Kosovo drive on the right side of the road. Kosovo is a landlocked country.
Kosovo is located in Europe. Kosovo is considered to be a developed 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.
Doing business in Kosovo
We offer various corporate services in Kosovo jurisdiction. These services can serve both, people coming from Kosovo and foreigners. If you plan on doing business in Kosovo you might be interested in contacting us.
To find out about starting your business in Kosovo click on company formation in Kosovo.
To find out how to open a bank account in Kosovo and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Kosovo.
Choose preferred service below or continue reading to find out more about Kosovo.
Demographics of Kosovo
The total population of Kosovo is 1,808,583 people. In Kosovo, the population density is 166 people per square kilometer (432 per square mile). Because of this statistic, this country is considered to be densely populated. Kosovo has approximately 128808 foreign immigrants. The median age is approximately 27.8 years. In Kosovo, 77 in every 100 people use internet.
The majority religion of Kosovo is Islam, Kosovo is considered to be a developed 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 Kosovo.
Culture of Kosovo
People in Kosovo speak the Albanian, and Serbian languages. According to data on inbound tourists in Kosovo, 1,439,000 tourists arrive in the country each year. One of the most popular national dishes of Kosovo is sarma. To read more click on culture of Kosovo.
Geography of Kosovo
Kosovo is located in Europe. Its capital city is Pristina. Kosovo has 4 neighbouring countries. Its neighbours include Albania, Macedonia, Montenegro, and Serbia. Total length of land borders of Kosovo is 714 kilometers (~276 miles).
The highest point of Kosovo is Gjeravica, with its official height being 2656 m (8,714 ft). The most notable natural resources found in Kosovo are nickel, lead, zinc, magnesium, lignite, kaolin, chrome, bauxite.To read more click on geography of Kosovo.
Economy of Kosovo
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 30.6% of population in the country are unemployed. The total number of unemployed people in Kosovo is 553,426. Each year, Kosovo exports around $0.41 billion and imports roughly $3.4 billion. The Gini Index of the country is 30. The Global Peace Index (GPI) for Kosovo is 1.938. Kosovo has a government debt of 32.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. Kosovo is considered to be a developed 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 mineral mining, construction materials, base metals, leather, machinery, appliances, foodstuffs and beverages, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Kosovo is $16,920 billion. Each year, consumers spend around $4,932 million. The ratio of consumer spending to GDP in Kosovo is 0%, and the ratio of consumer spending to the world consumer market is 0.0143. The corporate tax in Kosovo is set at 10%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. VAT in Kosovo is 10%. In 2013, Kosovo received 567.6 million USD in foreign aid.In 2014, the foreign aid amounted to 657 USD.To read more click on economy of Kosovo.
Infrastructure of Kosovo
Kosovo has 6 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Kosovo is 24. To read more click on infrastructure of Kosovo.
Politics of Kosovo
Kosovo, is a parliamentary republic. With regard to political and civil freedoms, Kosovo is 2. Citizens in Kosovo experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Kosovo, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Hashim Thaçi.
According to the World Bank Group, the government effectiveness index of Kosovo is -0.32. This indicates that the government of Kosovo is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Kosovo before considering any business maneuvers.In Kosovo, the legislative power is vested in a Assembly of Kosovo. The Global Peace Index (GPI) for Kosovo is 1.938. In 2013, Kosovo received 567.6 million USD in foreign aid. In 2014, the foreign aid amounted to 657 USD. Kosovo is a member of the World Bank. To read more click on politics of Kosovo.
Environment of Kosovo
The number of road motor vehicles per 1000 inhabitants in Kosovo is 24. To read more click on environment of Kosovo.
Company formation in Kosovo
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 Kosovo.
When establishing a company in Kosovo, 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 Kosovo that will affect the establishment and growth of one's business. Contact us or click on company formation in Kosovo to read additional information when setting up a business.
Bank account opening in Kosovo
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Kosovo. 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 Kosovo, 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 Kosovo or contact us.