The ISO code of Malawi is MW according to the ISO 3166 standard. The local name of the country is the same as its English name. Malawi capital city is Lilongwe. People in Malawi speak the English language. On 6 July 1964, Malawi emerged as a sovereign political entity. In the year 07/06/1964, Malawi emerged as a sovereign political entity. The largest city in Malawi is Lilongwe.
Malawi 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 Malawi is .mw. The International dialing code for Malawi is 265. People in Malawi drive on the left side of the road. Total land area of Malawi is 118,484 km² (approx. 45,747 mi²). Malawi is a landlocked country.
Malawi is located in Africa. Malawi 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 Malawi faces various issues, including deforestation, land degradation, water pollution from agricultural runoff, sewage, industrial wastes, siltation of spawning grounds endangers fish populations.
Doing business in Malawi
We offer various corporate services in Malawi jurisdiction. These services can serve both, people coming from Malawi and foreigners. If you plan on doing business in Malawi you might be interested in contacting us.
To find out about starting your business in Malawi click on company formation in Malawi.
To find out how to open a bank account in Malawi and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Malawi.
Choose preferred service below or continue reading to find out more about Malawi.
Demographics of Malawi
The total population of Malawi is 19,164,728 people. In Malawi, the population density is 121 people per square kilometer (315 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Malawi is 0.6744. Malawi has approximately 206578 foreign immigrants. The median age is approximately 16.3 years. In Malawi, 4.35 in every 100 people use internet. Malawi has a Human Development Index (HDI) of 0.414.
The majority religion of Malawi is Christianity, Malawi 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 Malawi.
Culture of Malawi
People in Malawi speak the English language. One of the most popular national dishes of Malawi is chambo. To read more click on culture of Malawi.
Geography of Malawi
Malawi is considered to be a large nation because of its total area. Its total land area is 118,484 km² (approx. 45,747 mi²). Malawi is located in Africa. Its capital city is Lilongwe. Malawi has 3 neighbouring countries. Its neighbours include Mozambique, Tanzania, and Zambia. Total length of land borders of Malawi is 2857 kilometers (~1,103 miles).
The highest point of Malawi is Mount Mulanje, with its official height being 3002 m (9,850 ft). Including land mass and EEZ, the total area of Malawi is approximately 118,484 km² (~45,747 mi²). The most notable natural resources found in Malawi are limestone, arable land, hydropower, uranium, coal, and bauxite.To read more click on geography of Malawi.
Economy of Malawi
The currency of the country is Malawian kwacha. The symbol used for this currency is MK, and it is abbreviated as MWK. 6% of population in the country are unemployed. The total number of unemployed people in Malawi is 1,149,884. Each year, Malawi exports around $1.43 billion and imports roughly $2.42 billion. The Gini Index of the country is 39. Malawi has a Human Development Index (HDI) of 0.414.The Global Peace Index (GPI) for Malawi is 1.814. Malawi has a government debt of 29.% of the country's Gross Domestic Product (GDP), as assessed in 2013. Malawi 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 tobacco, tea, sugar, sawmill products, cement, consumer goods.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Malawi is $19,580 billion. Each year, consumers spend around $4,339 million. The ratio of consumer spending to GDP in Malawi is 0%, and the ratio of consumer spending to the world consumer market is 0.0125. The corporate tax in Malawi is set at 30%. Personal income tax ranges from 0% to 21%, depending on your specific situation and income level. VAT in Malawi is 16.5%. In 2013, Malawi received 1174.6 million USD in foreign aid.In 2014, the foreign aid amounted to 799.6 USD.To read more click on economy of Malawi.
Infrastructure of Malawi
Infrastructure quality in Malawi is rated to be at 3.04. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Malawi, 9.8% of the population has access to electricity. There are 1,099 internet hosts in Malawi. Malawi has 32 airports nationwide.
The logistics performance index of Malawi is 2.81. 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 2.63. 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.
The number of road motor vehicles per 1000 inhabitants in Malawi is 14. To read more click on infrastructure of Malawi.
Politics of Malawi
Malawi, is a unitary presidential republic. With regard to political and civil freedoms, Malawi is 2. Citizens in Malawi experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Malawi, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Peter Mutharika.
According to the World Bank Group, the government effectiveness index of Malawi is -0.69. This indicates that the government of Malawi is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Malawi, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Malawi is 1.814. The strength of legal rights index for Malawi is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Malawi received 1174.6 million USD in foreign aid. In 2014, the foreign aid amounted to 799.6 USD. Malawi is a member of the United Nations (UN). On 1 December 1964, it joined the UN as a full member state. Malawi is a member of the African Union (AU). On 13 July 1964, it joined the AU as a full member state. Malawi is a member of the World Bank. To read more click on politics of Malawi.
Environment of Malawi
Malawi emits 0.1 metric tons per capita of CO2. 33176 km² of Malawi's territory is covered in forests. and forest land comprises 28% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Malawi is 14. To read more click on environment of Malawi.
Company formation in Malawi
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 Malawi.
When establishing a company in Malawi, 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 Malawi that will affect the establishment and growth of one's business. Contact us or click on company formation in Malawi to read additional information when setting up a business.
Bank account opening in Malawi
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Malawi. 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 Malawi, 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 Malawi or contact us.