Djibouti Geography, Economics, and Culture

Located in the Horn of Africa in East Africa, Djibouti is bordered by Somalia, Ethiopia, Eritrea in the north, and the Red Sea. It serves as a gateway to the Suez Canal, one of the world’s busiest shipping routes. Its role in worldwide shipping is its biggest source of income and employment. It is also where many world powers establish military bases due to its strategic location near many political hotspots.

Djibouti is a multi-ethnic nation with a population of just under 1 million people. French and Arabic are the country’s two official languages the vast majority of its residents subscribe to Islam, which has been predominant in the region for more than a thousand years. The (Issa clan) and Afar make up the two largest ethnic groups

Public Holidays

2021
March 11	Isra and Miraj
May 1	Labor Day / May Day
May 13	Eid al-Fitr
May 14	Eid al-Fitr Holiday
June 27	Independence Day
June 28	Independence Day Holiday
July 19	Arafat Day
July 20	Eid al-Adha
July 21	Eid al-Adha Holiday
August 10	Muharram
October 19	Milad un Nabi (Mawlid)

Legal Entity Types

Limited Liability
Corporation
Partnership

Taxation

Corporate Tax: N/A
Income Tax (Lowest Marginal Rate): N/A
Income Tax (Highest Marginal Rate): N/A
VAT/GST/Sales Tax: N/A

Available Banks

Bank of Deposit and Credit Djibouti
Bank of Africa Red Sea
Bank for Trade and Industry Red Sea
Commercial Bank of Djibouti
Cooperative & Agricultural Credit Bank International
Exim Bank of Djibouti
International Investment Bank
Silk Road International Bank
East Africa Bank (Djibouti)
Saba African Bank
Salaam African Bank

Need more information about Djibouti?

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