The Republic of Congo
The ISO code of The Republic of Congo is CG according to the ISO 3166 standard. The local name of the country is République du Congo. The Republic of Congo capital city is Brazzaville. People in The Republic of Congo speak the French, and Lingala languages. In the year 1960, The Republic of Congo emerged as a sovereign political entity. The largest city in The Republic of Congo is Brazzaville.
The Republic of Congo 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 The Republic of Congo is .cg. The International dialing code for The Republic of Congo is 242. People in The Republic of Congo drive on the right side of the road. Total land area of The Republic of Congo is 342,000 km² (approx. 132,046 mi²). The Republic of Congo is not a landlocked country. It means that is is bordered by at least one major body of water.
The Republic of Congo is located in Africa. The Republic of Congo 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 The Republic of Congo faces various issues, including air pollution from vehicle emissions, water pollution from the dumping of raw sewage, tap water is not potable, deforestation.
Doing business in The Republic of Congo
We offer various corporate services in The Republic of Congo jurisdiction. These services can serve both, people coming from The Republic of Congo and foreigners. If you plan on doing business in The Republic of Congo you might be interested in contacting us.
To find out about starting your business in The Republic of Congo click on company formation in The Republic of Congo.
To find out how to open a bank account in The Republic of Congo and moreover what type of account Confidus Solutions suggests to create, please click on bank account in The Republic of Congo.
Choose preferred service below or continue reading to find out more about The Republic of Congo.
Demographics of The Republic of Congo
The total population of The Republic of Congo is 5,399,895 people. In The Republic of Congo, the population density is 13 people per square kilometer (34 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is very diverse according to a fractionalization scale which for The Republic of Congo is 0.8747. The Republic of Congo has approximately 431470 foreign immigrants. The median age is approximately 19.8 years. In The Republic of Congo, 6.11 in every 100 people use internet. The Republic of Congo has a Human Development Index (HDI) of 0.564.
The majority religion of The Republic of Congo is Christianity, The Republic of Congo 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 The Republic of Congo.
Culture of The Republic of Congo
People in The Republic of Congo speak the French, and Lingala languages. According to data on inbound tourists in The Republic of Congo, 297,000 tourists arrive in the country each year. One of the most popular national dishes of The Republic of Congo is poulet moambé. To read more click on culture of The Republic of Congo.
Geography of The Republic of Congo
The Republic of Congo is considered to be a large nation because of its total area. Its total land area is 342,000 km² (approx. 132,046 mi²). The Republic of Congo is located in Africa. Its capital city is Brazzaville. The Republic of Congo has 5 neighbouring countries. Its neighbours include Angola, Cameroon, Central African Republic, Democratic Republic of the Congo, and Gabon. Total length of land borders of The Republic of Congo is 5008 kilometers (~1,934 miles).
The highest point of The Republic of Congo is Mont Nabeba, with its official height being 1020 m (3,347 ft). Including land mass and EEZ, the total area of The Republic of Congo is approximately 373,017 km² (~144,022 mi²). The most notable natural resources found in The Republic of Congo are petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, gold, magnesium, natural gas, hydropower.To read more click on geography of The Republic of Congo.
Economy of The Republic of Congo
The currency of the country is Central African CFA Franc. The symbol used for this currency is Fr, and it is abbreviated as XAF. 10.9% of population in the country are unemployed. The total number of unemployed people in The Republic of Congo is 588,589. Each year, The Republic of Congo exports around $9.91 billion and imports roughly $4.3 billion. The Gini Index of the country is 47.3. The Republic of Congo has a Human Development Index (HDI) of 0.564.The Global Peace Index (GPI) for The Republic of Congo is 2.196. The Republic of Congo has a government debt of 39.2% of the country's Gross Domestic Product (GDP), as assessed in 2013. The Republic of Congo 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 petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in The Republic of Congo is $28,358 billion. Each year, consumers spend around $4,519 million. The ratio of consumer spending to GDP in The Republic of Congo is 0%, and the ratio of consumer spending to the world consumer market is 0.0282. The corporate tax in The Republic of Congo is set at 30%. Personal income tax ranges from 1% to 45%, depending on your specific situation and income level. VAT in The Republic of Congo is 18%. In 2013, The Republic of Congo received 138.6 million USD in foreign aid.In 2014, the foreign aid amounted to 259.7 USD.To read more click on economy of The Republic of Congo.
Infrastructure of The Republic of Congo
Infrastructure quality in The Republic of Congo is rated to be at 1.83. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In The Republic of Congo, 41.6% of the population has access to electricity. There are 45 internet hosts in The Republic of Congo. The Republic of Congo has 27 airports nationwide.
The logistics performance index of The Republic of Congo is 2.08. 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 2.17. 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.
To read more click on infrastructure of The Republic of Congo.
Politics of The Republic of Congo
The Republic of Congo, is a presidential republic. With regard to political and civil freedoms, The Republic of Congo is 3. Citizens in The Republic of Congo 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 Denis Sassou Nguesso.
According to the World Bank Group, the government effectiveness index of The Republic of Congo is -1.15. This indicates that the government of The Republic of Congo is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In The Republic of Congo, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for The Republic of Congo is 2.196. The strength of legal rights index for The Republic of Congo 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, The Republic of Congo received 138.6 million USD in foreign aid. In 2014, the foreign aid amounted to 259.7 USD. The Republic of Congo is a member of the United Nations (UN). On 20 September 1960, it joined the UN as a full member state. The Republic of Congo is a member of the African Union (AU). On 25 May 1963, it joined the AU as a full member state. The Republic of Congo is a member of the World Bank. To read more click on politics of The Republic of Congo.
Environment of The Republic of Congo
The Republic of Congo emits 0.5 metric tons per capita of CO2. 224710 km² of The Republic of Congo's territory is covered in forests. and forest land comprises 66% of all the land in the country. To read more click on environment of The Republic of Congo.
Company formation in The Republic of Congo
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 The Republic of Congo.
When establishing a company in The Republic of Congo, 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 The Republic of Congo that will affect the establishment and growth of one's business. Contact us or click on company formation in The Republic of Congo to read additional information when setting up a business.
Bank account opening in The Republic of Congo
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in The Republic of Congo. 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 The Republic of Congo, 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 The Republic of Congo or contact us.