The ISO code of The Vatican is VA according to the ISO 3166 standard. The local name of the country is Status Civitatis Vaticanæ. The Vatican capital city is Vatican City. People in The Vatican speak the Italian language. In the year 756, The Vatican emerged as a sovereign political entity. The largest city in The Vatican is Vatican City.
The Vatican is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for The Vatican is .va. The International dialing code for The Vatican is 379. People in The Vatican drive on the right side of the road. The Vatican is a landlocked country.
The Vatican is located in Europe. The Vatican is considered to be a developed 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.
Doing business in The Vatican
We offer various corporate services in The Vatican jurisdiction. These services can serve both, people coming from The Vatican and foreigners. If you plan on doing business in The Vatican you might be interested in contacting us.
To find out about starting your business in The Vatican click on company formation in The Vatican.
To find out how to open a bank account in The Vatican and moreover what type of account Confidus Solutions suggests to create, please click on bank account in The Vatican.
Choose preferred service below or continue reading to find out more about The Vatican.
Demographics of The Vatican
The total population of The Vatican is 801 people. In The Vatican, the population density is 1818 people per square kilometer (4,729 per square mile). Because of this statistic, this country is considered to be very densely. In The Vatican, 12 in every 100 people use internet.
The majority religion of The Vatican is Christianity, The Vatican is considered to be a developed 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 Vatican.
Culture of The Vatican
People in The Vatican speak the Italian language. According to data on inbound tourists in The Vatican, 8,000,000 tourists arrive in the country each year. To read more click on culture of The Vatican.
Geography of The Vatican
The Vatican is located in Europe. Its capital city is Vatican City. The length of said border is 3.2 km (2 mi).Total length of land borders of The Vatican is 3.4 kilometers (~1 miles).
The highest point of The Vatican is Radio Vaticana, with its official height being 75 m (246 ft). To read more click on geography of The Vatican.
Economy of The Vatican
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 0% of population in the country are unemployed. The total number of unemployed people in The Vatican is 0. Each year, The Vatican exports around $0.0273 billion and imports roughly $0.3 billion. The Gini Index of the country is 35.16. The Vatican is considered to be a developed 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 printing, production of coins, medals, postage stamps, mosaics, staff uniforms, worldwide banking and financial activities, religious services.
The corporate tax in The Vatican is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in The Vatican is 0%. To read more click on economy of The Vatican.
Infrastructure of The Vatican
In The Vatican, 100% of the population has access to electricity. There are 107 internet hosts in The Vatican.
To read more click on infrastructure of The Vatican.
Politics of The Vatican
The Vatican, is a absolute monarchy . The head of the government is Pope Francis.
In The Vatican, the legislative power is vested in a Pontifical Commission. The strength of legal rights index for The Vatican is 1. 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. To read more click on politics of The Vatican.
Environment of The Vatican
To read more click on environment of The Vatican.
Company formation in The Vatican
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 Vatican.
When establishing a company in The Vatican, 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 Vatican that will affect the establishment and growth of one's business. Contact us or click on company formation in The Vatican to read additional information when setting up a business.
Bank account opening in The Vatican
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in The Vatican. 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 Vatican, 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 Vatican or contact us.