Sao Tome and Principe

The ISO code of Sao Tome and Principe is ST according to the ISO 3166 standard. The local name of the country is Sao Tome e Principe. Sao Tome and Principe capital city is São Tomé. People in Sao Tome and Principe speak the Portuguese language. On 12 July 1975, Sao Tome and Principe emerged as a sovereign political entity. In the year 07/12/1975, Sao Tome and Principe emerged as a sovereign political entity. The largest city in Sao Tome and Principe is São Tomé.

Sao Tome and Principe 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 Sao Tome and Principe is .st. The International dialing code for Sao Tome and Principe is 239. People in Sao Tome and Principe drive on the right side of the road. Total land area of Sao Tome and Principe is 964 km² (approx. 372 mi²). Sao Tome and Principe is not a landlocked country. It means that is is bordered by at least one major body of water.

Sao Tome and Principe is located in Africa. Sao Tome and Principe 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 Sao Tome and Principe faces various issues, including deforestation, soil erosion and exhaustion.

Doing business in Sao Tome and Principe

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

To find out about starting your business in Sao Tome and Principe click on company formation in Sao Tome and Principe.

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

Choose preferred service below or continue reading to find out more about Sao Tome and Principe.

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Demographics of Sao Tome and Principe

The total population of Sao Tome and Principe is 208,818 people. In Sao Tome and Principe, the population density is 187 people per square kilometer (486 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 Sao Tome and Principe is 0. Sao Tome and Principe has approximately 6345 foreign immigrants. The median age is approximately 17.8 years. In Sao Tome and Principe, 21.57 in every 100 people use internet. Sao Tome and Principe has a Human Development Index (HDI) of 0.558.

The majority religion of Sao Tome and Principe is Christianity, Sao Tome and Principe 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 Sao Tome and Principe.

Culture of Sao Tome and Principe

People in Sao Tome and Principe speak the Portuguese language. One of the most popular national dishes of Sao Tome and Principe is palm oil stew. To read more click on culture of Sao Tome and Principe.

Geography of Sao Tome and Principe

Sao Tome and Principe is considered to be a large nation because of its total area. Its total land area is 964 km² (approx. 372 mi²). Sao Tome and Principe is located in Africa. Its capital city is São Tomé. Sao Tome and Principe has no land borders.

The highest point of Sao Tome and Principe is Pico de São Tomé, with its official height being 2024 m (6,641 ft). Including land mass and EEZ, the total area of Sao Tome and Principe is approximately 132,361 km² (~51,105 mi²). The most notable natural resources found in Sao Tome and Principe are fish, hydropower.To read more click on geography of Sao Tome and Principe.

Economy of Sao Tome and Principe

The currency of the country is Sao Tome and Principe dobra. The symbol used for this currency is Db, and it is abbreviated as STD. 13.4% of population in the country are unemployed. The total number of unemployed people in Sao Tome and Principe is 27,982. Each year, Sao Tome and Principe exports around $0.01 billion and imports roughly $0 billion. The Gini Index of the country is 30.82. Sao Tome and Principe has a Human Development Index (HDI) of 0.558.Sao Tome and Principe has a government debt of 76.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. Sao Tome and Principe 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 light construction, textiles, soap, beer, fish processing, timber.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Sao Tome and Principe is $626 billion. The corporate tax in Sao Tome and Principe is set at 25%. In 2013, Sao Tome and Principe received 48.7 million USD in foreign aid.In 2014, the foreign aid amounted to 72.3 USD.To read more click on economy of Sao Tome and Principe.

Infrastructure of Sao Tome and Principe

Infrastructure quality in Sao Tome and Principe is rated to be at 2.59. 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 Sao Tome and Principe, 60.5% of the population has access to electricity. There are 1,678 internet hosts in Sao Tome and Principe. Sao Tome and Principe has 2 airports nationwide.

The logistics performance index of Sao Tome and Principe is 2.73. 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 3.13. 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 Sao Tome and Principe is 336. To read more click on infrastructure of Sao Tome and Principe.

Politics of Sao Tome and Principe

Sao Tome and Principe, is a unitary semi-presidential republic. With regard to political and civil freedoms, Sao Tome and Principe is 1. Citizens in Sao Tome and Principe experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Evaristo Carvalho.

According to the World Bank Group, the government effectiveness index of Sao Tome and Principe is -0.86. This indicates that the government of Sao Tome and Principe is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Sao Tome and Principe, the legislative power is vested in a National Assembly. The strength of legal rights index for Sao Tome and Principe is 0. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Sao Tome and Principe received 48.7 million USD in foreign aid. In 2014, the foreign aid amounted to 72.3 USD. Sao Tome and Principe is a member of the United Nations (UN). On 16 September 1975, it joined the UN as a full member state. Sao Tome and Principe is a member of the African Union (AU). On 18 July 1975, it joined the AU as a full member state. Sao Tome and Principe is a member of the World Bank. To read more click on politics of Sao Tome and Principe.

Environment of Sao Tome and Principe

Sao Tome and Principe emits 0.6 metric tons per capita of CO₂. 270 km² of Sao Tome and Principe'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 Sao Tome and Principe is 336. To read more click on environment of Sao Tome and Principe.

Company formation in Sao Tome and Principe

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 Sao Tome and Principe.

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

Bank account opening in Sao Tome and Principe

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