The ISO code of Mali is ML according to the ISO 3166 standard. The local name of the country is the same as its English name. Mali capital city is Bamako. People in Mali speak the French language. On 22 September 1960, Mali emerged as a sovereign political entity. In the year 09/22/1960, Mali emerged as a sovereign political entity. The largest city in Mali is Bamako.
Mali 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 Mali is .ml. The International dialing code for Mali is 223. Total land area of Mali is 1,240,192 km² (approx. 478,839 mi²). Mali is a landlocked country.
Mali is located in Africa. Mali 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 Mali faces various issues, including deforestation, soil erosion, desertification, inadequate supplies of potable water, poaching.
Doing business in Mali
We offer various corporate services in Mali jurisdiction. These services can serve both, people coming from Mali and foreigners. If you plan on doing business in Mali you might be interested in contacting us.
To find out about starting your business in Mali click on company formation in Mali.
To find out how to open a bank account in Mali and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Mali.
Choose preferred service below or continue reading to find out more about Mali.
Demographics of Mali
The total population of Mali is 19,107,706 people. In Mali, the population density is 11.6 people per square kilometer (30 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Mali is 0.6906. Mali has approximately 195553 foreign immigrants. The median age is approximately 16 years. In Mali, 2.17 in every 100 people use internet. Mali has a Human Development Index (HDI) of 0.407.
The majority religion of Mali is Islam, Mali 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 Mali.
Culture of Mali
People in Mali speak the French language. According to data on inbound tourists in Mali, 142,000 tourists arrive in the country each year. One of the most popular national dishes of Mali is fufu. To read more click on culture of Mali.
Geography of Mali
Mali is considered to be a vast nation because of its total area. Its total land area is 1,240,192 km² (approx. 478,839 mi²). Mali is located in Africa. Its capital city is Bamako. Mali has 7 neighbouring countries. Its neighbours include Algeria, Burkina Faso, Côte d'Ivoire, Guinea, Mauritania, Niger, and Senegal. Total length of land borders of Mali is 7908 kilometers (~3,053 miles).
The highest point of Mali is Hombori Tondo, with its official height being 1155 m (3,790 ft). Including land mass and EEZ, the total area of Mali is approximately 1,240,192 km² (~478,839 mi²). The most notable natural resources found in Mali are gold, phosphates, kaolin, salt, limestone, uranium, gypsum, granite, hydropower, bauxite, iron ore, manganese, tin, copper.To read more click on geography of Mali.
Economy of Mali
The currency of the country is West African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XOF. 7.9% of population in the country are unemployed. The total number of unemployed people in Mali is 1,509,509. Each year, Mali exports around $2.58 billion and imports roughly $2.89 billion. The Gini Index of the country is 40.1. Mali has a Human Development Index (HDI) of 0.407.The Global Peace Index (GPI) for Mali is 2.31. Mali has a government debt of 9.9% of the country's Gross Domestic Product (GDP), as assessed in 2014. Mali 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 food processing, construction, phosphate and gold mining.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Mali is $27,500 billion. Each year, consumers spend around $5,519 million. The ratio of consumer spending to GDP in Mali is 0%, and the ratio of consumer spending to the world consumer market is 0.0159. The corporate tax in Mali is set at 30%. VAT in Mali is 18%. In 2013, Mali received 1001.3 million USD in foreign aid.In 2014, the foreign aid amounted to 1280.6 USD.To read more click on economy of Mali.
Infrastructure of Mali
Infrastructure quality in Mali is rated to be at 2.2. 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 Mali, 25.6% of the population has access to electricity. There are 437 internet hosts in Mali. Mali has 25 airports nationwide.
The logistics performance index of Mali is 2.5. 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 2.7. 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 Mali.
Politics of Mali
Mali, is a unitary semi-presidential republic. With regard to political and civil freedoms, Mali is 2. Citizens in Mali experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Mali, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Ibrahim Boubacar Keïta.
According to the World Bank Group, the government effectiveness index of Mali is -1.12. This indicates that the government of Mali is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Mali, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Mali is 2.31. The strength of legal rights index for Mali 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, Mali received 1001.3 million USD in foreign aid. In 2014, the foreign aid amounted to 1280.6 USD. Mali is a member of the United Nations (UN). On 28 September 1960, it joined the UN as a full member state. Mali is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Mali is a member of the World Bank. To read more click on politics of Mali.
Environment of Mali
Mali emits 0.1 metric tons per capita of CO2. 125720 km² of Mali's territory is covered in forests. and forest land comprises 10% of all the land in the country. To read more click on environment of Mali.
Company formation in Mali
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 Mali.
When establishing a company in Mali, 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 Mali that will affect the establishment and growth of one's business. Contact us or click on company formation in Mali to read additional information when setting up a business.
Bank account opening in Mali
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Mali. 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 Mali, 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 Mali or contact us.