Confidus Solutions logotype

Confidus Solutions

Palestinian territories

The ISO code of Palestinian territories is PS according to the ISO 3166 standard. The local name of the country is Filastin. Palestinian territories capital city is Ramallah; Jerusalem (East; proclaimed). People in Palestinian territories speak the Arabic Language language. On 15 November 1988, Palestinian territories emerged as a sovereign political entity. In the year 11/15/1988, Palestinian territories emerged as a sovereign political entity. The largest cities in Palestinian territories are Jerusalem, Gaza City, Ramallah.

Palestinian territories is located in the UTC +02:00 time zone, which is also called Israel Standard Time or IST. The internet country code top-level domain (ccTLD) for Palestinian territories is .ps. Other domains assigned to Palestinian territories are فلسطين.. The International dialing code for Palestinian territories is 970. People in Palestinian territories drive on the right side of the road. Total land area of Palestinian territories is 5,860 km² (approx. 2,263 mi²). Palestinian territories is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Palestinian territories

Palestinian territories is located in Asia. Palestinian territories 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 Palestinian territories faces various issues, including desertification, salination of fresh water, sewage treatment, water-borne disease, soil degradation, depletion and contamination of underground water resources.

Doing business in Palestinian territories

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

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

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

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

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

Demographics of Palestinian territories

The total population of Palestinian territories is 5,052,776 people. In Palestinian territories, the population density is 756 people per square kilometer (1,967 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is almost uniform according to a fractionalization scale which for Palestinian territories is 0. Palestinian territories has approximately 256517 foreign immigrants. The median age is approximately 18.2 years. In Palestinian territories, 57.7 in every 100 people use internet. Palestinian territories has a Human Development Index (HDI) of 0.686.

The majority religion of Palestinian territories is Islam, Palestinian territories 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 Palestinian territories.

Culture of Palestinian territories

People in Palestinian territories speak the Arabic Language language. One of the most popular national dishes of Palestinian territories is arab salad. To read more click on culture of Palestinian territories.

Geography of Palestinian territories

Palestinian territories is considered to be a large nation because of its total area. Its total land area is 5,860 km² (approx. 2,263 mi²). Palestinian territories is located in Asia. Its capital city is Ramallah; Jerusalem (East; proclaimed). Palestinian territories has 3 neighbouring countries. Its neighbours include Egypt, Israel, and Jordan. Total length of land borders of Palestinian territories is 550 kilometers (~212 miles).

The highest point of Palestinian territories is Mount Nabi Yunis, with its official height being 1030 m (3,379 ft). Including land mass and EEZ, the total area of Palestinian territories is approximately 6,116 km² (~2,361 mi²). The most notable natural resources found in Palestinian territories are arable land, natural gas.To read more click on geography of Palestinian territories.

Economy of Palestinian territories

The currency of the country is Israeli israeli new shekel. The symbol used for this currency is ₪, and it is abbreviated as ILS. 27.6% of population in the country are unemployed. The total number of unemployed people in Palestinian territories is 1,394,566. Each year, Palestinian territories exports around $0.892 billion and imports roughly $4.17 billion. The Gini Index of the country is 35.5. Palestinian territories has a Human Development Index (HDI) of 0.686.Palestinian territories 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 textiles, food processing, furniture, small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs.

Each year, consumers spend around $6,697 million. The ratio of consumer spending to GDP in Palestinian territories is 0%, and the ratio of consumer spending to the world consumer market is 0.0193. The corporate tax in Palestinian territories is set at 15%. Personal income tax ranges from 5% to 15%, depending on your specific situation and income level. VAT in Palestinian territories is 14.5%, and it is known as Sales Tax. In 2013, Palestinian territories received 2001.3 million USD in foreign aid.In 2014, the foreign aid amounted to 2441.9 USD.To read more click on economy of Palestinian territories.

Infrastructure of Palestinian territories

In Palestinian territories, 97.7% of the population has access to electricity. Palestinian territories has 1 airports nationwide.

To read more click on infrastructure of Palestinian territories.

Politics of Palestinian territories

Palestinian territories, is a legislative council. With regard to political and civil freedoms, Palestinian territories is 3. Citizens in Palestinian territories 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 Mahmoud Abbas.

According to the World Bank Group, the government effectiveness index of Palestinian territories is -0.53. This indicates that the government of Palestinian territories is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Palestinian territories, the legislative power is vested in a Legislative Council. In 2013, Palestinian territories received 2001.3 million USD in foreign aid. In 2014, the foreign aid amounted to 2441.9 USD. To read more click on politics of Palestinian territories.

Environment of Palestinian territories

Palestinian territories emits 0.6 metric tons per capita of CO2. 90 km² of Palestinian territories's territory is covered in forests. and forest land comprises 2% of all the land in the country. To read more click on environment of Palestinian territories.

Company formation in Palestinian territories

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 Palestinian territories.

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

Bank account opening in Palestinian territories

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