Cocos (Keeling) Islands
The ISO code of Cocos (Keeling) Islands is CC according to the ISO 3166 standard. The local name of the country is the same as its English name. Cocos (Keeling) Islands capital city is West Island. People in Cocos (Keeling) Islands speak the English language. In the year 1857, Cocos (Keeling) Islands emerged as a sovereign political entity.
Cocos (Keeling) Islands is located in the UTC +06:30 time zone, which is also called Cocos Islands Time or CCT. The internet country code top-level domain (ccTLD) for Cocos (Keeling) Islands is .cc. The International dialing code for Cocos (Keeling) Islands is 61. People in Cocos (Keeling) Islands drive on the left side of the road. Total land area of Cocos (Keeling) Islands is 14 km² (approx. 5 mi²). Cocos (Keeling) Islands is not a landlocked country. It means that is is bordered by at least one major body of water.
Cocos (Keeling) Islands is located in Asia. Cocos (Keeling) Islands 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 Cocos (Keeling) Islands faces various issues, including limited fresh water resources.
Doing business in Cocos (Keeling) Islands
We offer various corporate services in Cocos (Keeling) Islands jurisdiction. These services can serve both, people coming from Cocos (Keeling) Islands and foreigners. If you plan on doing business in Cocos (Keeling) Islands you might be interested in contacting us.
To find out about starting your business in Cocos (Keeling) Islands click on company formation in Cocos (Keeling) Islands.
To find out how to open a bank account in Cocos (Keeling) Islands and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Cocos (Keeling) Islands.
Choose preferred service below or continue reading to find out more about Cocos (Keeling) Islands.
Demographics of Cocos (Keeling) Islands
The total population of Cocos (Keeling) Islands is 596 people. In Cocos (Keeling) Islands, the population density is 39 people per square kilometer (101 per square mile). Because of this statistic, this country is considered to be sparsely populated. The median age is approximately 34 years.
Cocos (Keeling) Islands 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 Cocos (Keeling) Islands.
Culture of Cocos (Keeling) Islands
People in Cocos (Keeling) Islands speak the English language. One of the most popular national dishes of Cocos (Keeling) Islands is lobster with vanilla sauce. To read more click on culture of Cocos (Keeling) Islands.
Geography of Cocos (Keeling) Islands
Cocos (Keeling) Islands is considered to be a large nation because of its total area. Its total land area is 14 km² (approx. 5 mi²). Cocos (Keeling) Islands is located in Asia. Its capital city is West Island. Cocos (Keeling) Islands has no land borders.
The highest point of Cocos (Keeling) Islands is an unnamed location, with its official height being 5 m (16 ft). Including land mass and EEZ, the total area of Cocos (Keeling) Islands is approximately 14 km² (~5 mi²). As for natural resources, Cocos (Keeling) Islands is known for its fish.To read more click on geography of Cocos (Keeling) Islands.
Economy of Cocos (Keeling) Islands
The currency of the country is Australian dollar. The symbol used for this currency is $, and it is abbreviated as AUD. 3.8% of population in the country are unemployed. The total number of unemployed people in Cocos (Keeling) Islands is 23. Each year, Cocos (Keeling) Islands exports around $0.0064 billion and imports roughly $0.026 billion. The Gini Index of the country is 36.21. Cocos (Keeling) Islands has a government debt of 46.7% of the country's Gross Domestic Product (GDP), as assessed in 2014. Cocos (Keeling) Islands 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 copra products, tourism.
The corporate tax in Cocos (Keeling) Islands is set at 28.5%. Personal income tax ranges from 0% to 49%, depending on your specific situation and income level. To read more click on economy of Cocos (Keeling) Islands.
Infrastructure of Cocos (Keeling) Islands
There are 42,820 internet hosts in Cocos (Keeling) Islands. Cocos (Keeling) Islands has 1 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Cocos (Keeling) Islands is 33. To read more click on infrastructure of Cocos (Keeling) Islands.
Politics of Cocos (Keeling) Islands
Cocos (Keeling) Islands, is a federal constitutional monarchy. The head of the government is Elizabeth II.
In Cocos (Keeling) Islands, the legislative power is vested in a Parliament. To read more click on politics of Cocos (Keeling) Islands.
Environment of Cocos (Keeling) Islands
The number of road motor vehicles per 1000 inhabitants in Cocos (Keeling) Islands is 33. To read more click on environment of Cocos (Keeling) Islands.
Company formation in Cocos (Keeling) Islands
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 Cocos (Keeling) Islands.
When establishing a company in Cocos (Keeling) Islands, 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 Cocos (Keeling) Islands that will affect the establishment and growth of one's business. Contact us or click on company formation in Cocos (Keeling) Islands to read additional information when setting up a business.
Bank account opening in Cocos (Keeling) Islands
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Cocos (Keeling) Islands. 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 Cocos (Keeling) Islands, 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 Cocos (Keeling) Islands or contact us.