Wallis and Futuna

The ISO code of Wallis and Futuna is WF according to the ISO 3166 standard. The local name of the country is Wallis et Futuna. Wallis and Futuna capital city is Mata-Utu. People in Wallis and Futuna speak the French language. In the year 1000, Wallis and Futuna emerged as a sovereign political entity.

Wallis and Futuna is located in the UTC +12:00 time zone, which is also called Wallis and Futuna Time or WFT. The internet country code top-level domain (ccTLD) for Wallis and Futuna is .wf. The International dialing code for Wallis and Futuna is 681. People in Wallis and Futuna drive on the right side of the road. Total land area of Wallis and Futuna is 142 km² (approx. 55 mi²). Wallis and Futuna is not a landlocked country. It means that is is bordered by at least one major body of water.

Wallis and Futuna is located in Oceania. Wallis and Futuna 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 Wallis and Futuna faces various issues, including deforestation (only small portions of the original forests remain) largely as a result of the continued use of wood as the main fuel source, as a consequence of cutting down the forests, the mountainous terrain of Futuna is particularly prone to erosion, there are no permanent settlements on Alofi because of the lack of natural fresh water resources.

Doing business in Wallis and Futuna

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

To find out about starting your business in Wallis and Futuna click on company formation in Wallis and Futuna.

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

Choose preferred service below or continue reading to find out more about Wallis and Futuna.

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Demographics of Wallis and Futuna

The total population of Wallis and Futuna is 11,683 people. In Wallis and Futuna, the population density is 48 people per square kilometer (125 per square mile). Because of this statistic, this country is considered to be sparsely populated. Wallis and Futuna has approximately 2849 foreign immigrants. The median age is approximately 30.3 years.

The majority religion of Wallis and Futuna is Christianity, Wallis and Futuna 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 Wallis and Futuna.

Culture of Wallis and Futuna

People in Wallis and Futuna speak the French language. One of the most popular national dishes of Wallis and Futuna is ika fish dishes. To read more click on culture of Wallis and Futuna.

Geography of Wallis and Futuna

Wallis and Futuna is considered to be a large nation because of its total area. Its total land area is 142 km² (approx. 55 mi²). Wallis and Futuna is located in Oceania. Its capital city is Mata-Utu. Wallis and Futuna has no land borders.

The highest point of Wallis and Futuna is Mont Puke, with its official height being 524 m (1,719 ft). Including land mass and EEZ, the total area of Wallis and Futuna is approximately 142 km² (~55 mi²). To read more click on geography of Wallis and Futuna.

Economy of Wallis and Futuna

The currency of the country is cfp franc. The symbol used for this currency is Fr, and it is abbreviated as XPF. 8.8% of population in the country are unemployed. The total number of unemployed people in Wallis and Futuna is 1,028. Each year, Wallis and Futuna exports around $0 billion and imports roughly $0.06 billion. The Gini Index of the country is 45.93. Wallis and Futuna has a government debt of 5.6% of the country's Gross Domestic Product (GDP), as assessed in 2004. Wallis and Futuna 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, handicrafts, fishing, lumber.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Wallis and Futuna is $0 billion. The corporate tax in Wallis and Futuna is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Wallis and Futuna is 6%. To read more click on economy of Wallis and Futuna.

Infrastructure of Wallis and Futuna

There are 2,760 internet hosts in Wallis and Futuna. Wallis and Futuna has 2 airports nationwide.

To read more click on infrastructure of Wallis and Futuna.

Politics of Wallis and Futuna

Wallis and Futuna, is a overseas collectivity. The head of the government is Emmanuel Macron.

In Wallis and Futuna, the legislative power is vested in a Territorial Assembly. To read more click on politics of Wallis and Futuna.

Environment of Wallis and Futuna

To read more click on environment of Wallis and Futuna.

Company formation in Wallis and Futuna

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 Wallis and Futuna.

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

Bank account opening in Wallis and Futuna

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