East Timor or Timor-Leste is an island country in Southeast Asia, having won its independence from Indonesia in 2002, after having been originally colonized by Portugal in the 16th century. Along with the Philippines, it is the only other majority-Christian country in Southeast Asia, and also located entirely in the Southern Hemisphere.
Most of the country is mountainous and the climate is generally tropical, hot and humid. Its northern coasts have several coral reef systems that are considered endangered. Its economy used to depend upon exports of commodities such as coffee, marble, petroleum, and sandalwood. Now, it gets a lot of its revenue from oil and natural gas reserves. East Timor’s two main official languages are Portuguese and Tetum.
|April 2||Good Friday|
|May 1||Labor Day / May Day|
|May 13||Eid ul Fitr|
|May 20||Restoration of Independence Day|
|June 3||Corpus Christi|
|July 20||Eid ul Adha|
|August 30||Popular Consultation Day|
|November 1||All Saints’ Day|
|November 2||All Souls’ Day|
|November 12||Youth National Day|
|November 28||Proclamation of Independence Day|
|December 7||National Heroes Day|
|December 8||Day of Our Lady of Immaculate Conception|
|December 25||Christmas Day|
- 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
- Banco Central de Timor-Leste
- Bank Mandiri East Timor
- ANZ Bank East Timor
- Banco Nacional Ultramarino East Timor
- Asian Development Bank East Timor
- Caixa Geral de Depositos East Timor
Aadmi can support you with your expansion to Timor-Leste. 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.