Lesotho Geography, Culture, and Economy
Lesotho is a small nation, a former British protectorate, entirely surrounded by the country of South Africa. It has a population of around 2 million and its capital and largest city is Maseru, and the official language is Sesotho.
It is located entirely above 1,000 meters in elevation which lends itself to a cool climate throughout the year. It often undergoes droughts given its widely variable rainfall. These droughts also lead to migration to more urban areas and immigration to South Africa for new opportunities.
Lesotho is economically integrated with South Africa, given its location, and is primarily based on agriculture, livestock, manufacturing and mining, while also depending heavily on money coming back into the country from workers’ remittances from jobs in South Africa.
|March 11||Moshoeshoe’s Birthday|
|April 2||Good Friday|
|April 5||Easter Monday|
|May 1||May Day|
|May 13||Ascension Day|
|May 25||Africa/Heroes Day|
|July 17||King’s Birthday|
|October 4||Independence Day|
|December 25||Christmas Day|
|December 26||Boxing 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
- First National Bank (South Africa) (Commercial Bank)
- Nedbank (Commercial Bank)
- Standard Bank (Commercial Bank)
Aadmi can support you with your expansion to Lesotho. 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.