Situated in the Horn of Africa, Somalia is a former British protectorate and an Italian colony bordered by Ethiopia to its west and the Somali sea to its east. The country, unfortunately, collapsed into political instability following the overthrow of the military regime of President Siad Barre in 1991. Since then, numerous wars have been fought to gain control of the region but is currently moving slowly towards stability with the help of an internationally backed government.
Somalia has the longest coastline on the African mainland, including several islands and archipelagos along its coast. Most of its land is considered semi-arid and a very little of it is arable. It does have a wide variety of wildlife including cheetah, lion, reticulated giraffe, baboon, elephant, bushpig, gazelle, ibex, kudu, dik-dik, oribi, Somali wild ass, reedbuck and Grévy’s zebra, elephant shrew, rock hyrax, golden mole and antelope. It also has a large population of the dromedary camel.
Somali and Arabic are the official languages, although English is widely spoken, as well as taught in schools. Almost all of its population considers themselves Muslim and all food is served halal.
|May 1||May Day|
|May 13||Eid al-Fitr|
|July 20||Eid al-Adha|
|October 19||The Prophet’s Birthday|
- Limited Liability
- Corporate Tax: N/A
- Income Tax (Lowest Marginal Rate): N/A
- Income Tax (Highest Marginal Rate): N/A
- VAT/GST/Sales Tax: N/A
- Amal Bank
- Amana Bank
- Agro Africa Bank
- Bushra Business Bank
- Commercial and Savings Bank of Somalia
- Dara-Salaam Bank
- Dahabshiil Bank International
- Daryeel Bank Limited
- First Somali Bank
- Galaxy International Bank
- International Bank of Somalia
- Idman Community Bank
- My Bank Limited
- Premier Bank
- Salaam Somali Bank
- Somali Development Bank
- Trust African Bank
Aadmi can support you with your expansion to Somalia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.