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Niger

The ISO code of Niger is NE according to the ISO 3166 standard. The local name of the country is the same as its English name. Niger capital city is Niamey. People in Niger speak the French language. On 3 August 1960, Niger emerged as a sovereign political entity. In the year 8/003/1960, Niger emerged as a sovereign political entity. The largest city in Niger is Niamey.

Niger is located in the UTC +01:00 time zone, which is also called West Africa Time or WAT. The internet country code top-level domain (ccTLD) for Niger is .ne. The International dialing code for Niger is 227. People in Niger drive on the right side of the road. Total land area of Niger is 1,267,000 km² (approx. 489,189 mi²). Niger is a landlocked country.

A view in Niger

Niger is located in Africa. Niger 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 Niger faces various issues, including overgrazing, soil erosion, deforestation, desertification, wildlife populations (such as elephant, hippopotamus, giraffe, and lion) threatened because of poaching and habitat destruction.

Doing business in Niger

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

To find out about starting your business in Niger click on company formation in Niger.

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

Choose preferred service below or continue reading to find out more about Niger.

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

Demographics of Niger

The total population of Niger is 22,311,375 people. In Niger, the population density is 14.4 people per square kilometer (37 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 Niger is 0.6518. Niger has approximately 132294 foreign immigrants. The median age is approximately 15.1 years. In Niger, 1.41 in every 100 people use internet. Niger has a Human Development Index (HDI) of 0.337.

The majority religion of Niger is Islam, Niger 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 Niger.

Culture of Niger

People in Niger speak the French language. According to data on inbound tourists in Niger, 123,000 tourists arrive in the country each year. One of the most popular national dishes of Niger is rice stew. To read more click on culture of Niger.

Geography of Niger

Niger is considered to be a vast nation because of its total area. Its total land area is 1,267,000 km² (approx. 489,189 mi²). Niger is located in Africa. Its capital city is Niamey. Niger has 7 neighbouring countries. Its neighbours include Algeria, Benin, Burkina Faso, Chad, Libya, Mali, and Nigeria. Total length of land borders of Niger is 5834 kilometers (~2,253 miles).

The highest point of Niger is Mont Idoukal-n-Taghès, with its official height being 2022 m (6,634 ft). Including land mass and EEZ, the total area of Niger is approximately 1,267,000 km² (~489,189 mi²). The most notable natural resources found in Niger are uranium, coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt, petroleum.To read more click on geography of Niger.

Economy of Niger

The currency of the country is West African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XOF. 0.3% of population in the country are unemployed. The total number of unemployed people in Niger is 66,934. Each year, Niger exports around $1.54 billion and imports roughly $2.31 billion. The Gini Index of the country is 34. Niger has a Human Development Index (HDI) of 0.337.The Global Peace Index (GPI) for Niger is 2.32. Niger has a government debt of 52.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. Niger 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 uranium mining, petroleum, cement, brick, soap, textiles, food processing, chemicals, slaughterhouses.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Niger is $18,003 billion. Each year, consumers spend around $3,898 million. The ratio of consumer spending to GDP in Niger is 0%, and the ratio of consumer spending to the world consumer market is 0.0112. The corporate tax in Niger is set at 30%. Personal income tax ranges from 7% to 24%, depending on your specific situation and income level. VAT in Niger is 19%. In 2013, Niger received 901.8 million USD in foreign aid.In 2014, the foreign aid amounted to 649.5 USD.To read more click on economy of Niger.

Infrastructure of Niger

Infrastructure quality in Niger is rated to be at 2.08. 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 Niger, 14.4% of the population has access to electricity. There are 454 internet hosts in Niger. Niger has 30 airports nationwide.

The logistics performance index of Niger is 2.39. 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 2.36. 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.

To read more click on infrastructure of Niger.

Politics of Niger

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

According to the World Bank Group, the government effectiveness index of Niger is -0.74. This indicates that the government of Niger is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Niger, the legislative power is vested in a National Assembly. The Global Peace Index (GPI) for Niger is 2.32. The strength of legal rights index for Niger 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, Niger received 901.8 million USD in foreign aid. In 2014, the foreign aid amounted to 649.5 USD. Niger is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Niger is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Niger is a member of the World Bank. To read more click on politics of Niger.

Environment of Niger

Niger emits 0.1 metric tons per capita of CO2. 112000 km² of Niger's territory is covered in forests. and forest land comprises 9% of all the land in the country. To read more click on environment of Niger.

Company formation in Niger

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 Niger.

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

Bank account opening in Niger

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