Central African Republic
The ISO code of Central African Republic is CF according to the ISO 3166 standard. The local name of the country is Republique Centrafricaine. Central African Republic capital city is Bangui. People in Central African Republic speak the French, and Sango languages. On 13 August 1960, Central African Republic emerged as a sovereign political entity. In the year 08/13/1960, Central African Republic emerged as a sovereign political entity. The largest city in Central African Republic is Bangui.
Central African Republic 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 Central African Republic is .cf. The International dialing code for Central African Republic is 236. People in Central African Republic drive on the right side of the road. Total land area of Central African Republic is 622,984 km² (approx. 240,534 mi²). Central African Republic is a landlocked country.
Central African Republic is located in Africa. Central African Republic 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 Central African Republic faces various issues, including non-potable tap water, poaching has diminished the country's reputation as one of the last great wildlife refuges, desertification, deforestation.
Doing business in Central African Republic
We offer various corporate services in Central African Republic jurisdiction. These services can serve both, people coming from Central African Republic and foreigners. If you plan on doing business in Central African Republic you might be interested in contacting us.
To find out about starting your business in Central African Republic click on company formation in Central African Republic.
To find out how to open a bank account in Central African Republic and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Central African Republic.
Choose preferred service below or continue reading to find out more about Central African Republic.
Demographics of Central African Republic
The total population of Central African Republic is 4,737,423 people. In Central African Republic, the population density is 7.42 people per square kilometer (19 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is very diverse according to a fractionalization scale which for Central African Republic is 0.8295. Central African Republic has approximately 134237 foreign immigrants. The median age is approximately 19.4 years. In Central African Republic, 3 in every 100 people use internet. Central African Republic has a Human Development Index (HDI) of 0.341.
The majority religion of Central African Republic is Christianity, Central African Republic 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 Central African Republic.
Culture of Central African Republic
People in Central African Republic speak the French, and Sango languages. One of the most popular national dishes of Central African Republic is cassava. To read more click on culture of Central African Republic.
Geography of Central African Republic
Central African Republic is considered to be a large nation because of its total area. Its total land area is 622,984 km² (approx. 240,534 mi²). Central African Republic is located in Africa. Its capital city is Bangui. Central African Republic has 6 neighbouring countries. Its neighbours include Cameroon, Chad, Democratic Republic of the Congo, Republic of the Congo, South Sudan, and Sudan. Total length of land borders of Central African Republic is 5920 kilometers (~2,286 miles).
The highest point of Central African Republic is Mont Ngaoui, with its official height being 1420 m (4,659 ft). Including land mass and EEZ, the total area of Central African Republic is approximately 622,984 km² (~240,534 mi²). The most notable natural resources found in Central African Republic are diamonds, uranium, timber, gold, oil, hydropower.To read more click on geography of Central African Republic.
Economy of Central African Republic
The currency of the country is Central African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XAF. 6% of population in the country are unemployed. The total number of unemployed people in Central African Republic is 284,245. Each year, Central African Republic exports around $0.14 billion and imports roughly $0.22 billion. The Gini Index of the country is 61.3. Central African Republic has a Human Development Index (HDI) of 0.341.Central African Republic has a government debt of 50% of the country's Gross Domestic Product (GDP), as assessed in 2012. Central African Republic 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 gold and diamond mining, logging, brewing, sugar refining.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Central African Republic is $2,865 billion. Each year, consumers spend around $1,771 million. The ratio of consumer spending to GDP in Central African Republic is 0%, and the ratio of consumer spending to the world consumer market is 0.0051. The corporate tax in Central African Republic is set at 30%. The maximum personal income tax is%.VAT in Central African Republic is 19%. In 2013, Central African Republic received 227.2 million USD in foreign aid.In 2014, the foreign aid amounted to 268.7 USD.To read more click on economy of Central African Republic.
Infrastructure of Central African Republic
Infrastructure quality in Central African Republic is rated to be at 2.5. 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 Central African Republic, 10.8% of the population has access to electricity. There are 20 internet hosts in Central African Republic. Central African Republic has 39 airports nationwide.
The logistics performance index of Central African Republic is 2.36. 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 2.31. 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.
The number of road motor vehicles per 1000 inhabitants in Central African Republic is 6. To read more click on infrastructure of Central African Republic.
Politics of Central African Republic
Central African Republic, is a provisional republic. With regard to political and civil freedoms, Central African Republic is 3. Citizens in Central African Republic experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Faustin-Archange Touadéra.
According to the World Bank Group, the government effectiveness index of Central African Republic is -1.84. This indicates that the government of Central African Republic is very ineffective. The government is unable to provide civil and public services for its citizens and has fostered a situation contributing to political and social unrest.In Central African Republic, the legislative power is vested in a National Assembly. The strength of legal rights index for Central African Republic 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, Central African Republic received 227.2 million USD in foreign aid. In 2014, the foreign aid amounted to 268.7 USD. Central African Republic is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. Central African Republic is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. Central African Republic is a member of the World Bank. To read more click on politics of Central African Republic.
Environment of Central African Republic
Central African Republic emits 0.1 metric tons per capita of CO2. 227550 km² of Central African Republic's territory is covered in forests. and forest land comprises 37% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Central African Republic is 6. To read more click on environment of Central African Republic.
Company formation in Central African Republic
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 Central African Republic.
When establishing a company in Central African Republic, 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 Central African Republic that will affect the establishment and growth of one's business. Contact us or click on company formation in Central African Republic to read additional information when setting up a business.
Bank account opening in Central African Republic
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Central African Republic. 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 Central African Republic, 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 Central African Republic or contact us.