Reunion Island
The ISO code of Reunion Island is RE according to the ISO 3166 standard. The local name of the country is Ile de la Réunion. Reunion Island capital city is Saint-Denis. People in Reunion Island speak the Réunion Creole, and French languages. In the year 1642, Reunion Island emerged as a sovereign political entity.
Reunion Island 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 Reunion Island is .re. The International dialing code for Reunion Island is 262. People in Reunion Island drive on the right side of the road. Reunion Island is not a landlocked country. It means that is is bordered by at least one major body of water.
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Reunion Island is located in Africa. Reunion Island 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 Reunion Island
We offer various corporate services in Reunion Island jurisdiction. These services can serve both, people coming from Reunion Island and foreigners. If you plan on doing business in Reunion Island you might be interested in contacting us.
To find out about starting your business in Reunion Island click on company formation in Reunion Island.
To find out how to open a bank account in Reunion Island and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Reunion Island.
Choose preferred service below or continue reading to find out more about Reunion Island.
Demographics of Reunion Island
The total population of Reunion Island is 883,247 people. In Reunion Island, the population density is 327 people per square kilometer (851 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 Reunion Island is 0. Reunion Island has approximately 136493 foreign immigrants. The median age is approximately 26.5 years.
The majority religion of Reunion Island is Christianity, Reunion Island 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 Reunion Island.
Culture of Reunion Island
People in Reunion Island speak the Réunion Creole, and French languages. The first McDonalds in Reunion Island was opened on 14 December 1997, and it was located in Saint-Denis. One of the most popular national dishes of Reunion Island is samosas. To read more click on culture of Reunion Island.
Geography of Reunion Island
Reunion Island is located in Africa. Its capital city is Saint-Denis. Reunion Island has no land borders.
The highest point of Reunion Island is Piton des Neiges, with its official height being 3069 m (10,069 ft). To read more click on geography of Reunion Island.
Economy of Reunion Island
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 22.8% of population in the country are unemployed. The total number of unemployed people in Reunion Island is 201,380. The Gini Index of the country is 41.11. Reunion Island has a government debt of 202.7% of the country's Gross Domestic Product (GDP), as assessed in 2012. Reunion Island 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 sugar, rum, handicrafts, and flower oil extraction..
The corporate tax in Reunion Island is set at 15%. Personal income tax ranges from 0% to 40%, depending on your specific situation and income level. VAT in Reunion Island is 8.5%. To read more click on economy of Reunion Island.
Infrastructure of Reunion Island
Reunion Island has 2 airports nationwide.
To read more click on infrastructure of Reunion Island.
Politics of Reunion Island
The head of the government is Emmanuel Macron.
According to the World Bank Group, the government effectiveness index of Reunion Island is 0.92. This indicates that the government of Reunion Island is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Reunion Island, the legislative power is vested in a Regional Council. To read more click on politics of Reunion Island.
Environment of Reunion Island
Reunion Island emits 5.16 metric tons per capita of CO2. To read more click on environment of Reunion Island.
Company formation in Reunion Island
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 Reunion Island.
When establishing a company in Reunion Island, 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 Reunion Island that will affect the establishment and growth of one's business. Contact us or click on company formation in Reunion Island to read additional information when setting up a business.
Bank account opening in Reunion Island
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Reunion Island. 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 Reunion Island, 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 Reunion Island or contact us.