Yemen Geography, Politics, and Culture

Yemen is located at the southern end of the Arabian Peninsula, bordered by Saudi Arabia, Oman, the Red Sea, and the Gulf of Aden. Due to a civil war that started in 2015, and a grave humanitarian crisis, Yemen has unfortunately been characterized as a failed state. It has ancient roots as a strategically located country at the crossroads of Africa, the Middle East, and Asia.

Its climate is arid, with deserts, coastal plains, and highlands dominating the territory. The war has resulted in a famine affecting millions of people. The lack of potable water, caused by depleted aquifers and the destruction of the country’s water infrastructure, has also caused an enormous cholera outbreak with close to one million cases.

Most Yemeni people are ethnically Arab or Afro-Arab, with Arabic being the standard language spoken. Islam is the country’s state religion.

2021
May 1May Day
May 11Eid al-Fitr holiday
May 12Eid al-Fitr Eve
May 13Eid al-Fitr
May 14Eid al-Fitr holiday
May 22Unity Day
July 19Eid al-Adha Eve
July 20Eid al-Adha
July 21Eid al-Adha holiday
July 22Eid al-Adha holiday
July 23Eid al-Adha holiday
August 10Muharram
September 26Revolution Day
October 14Liberation Day
November 30Independence Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 10%
  • Income Tax (Highest Marginal Rate): 15%
  • VAT/GST/Sales Tax: 2%
  • National Bank of Yemen (Local Bank)
  • Tadhamon International Islamic Bank (Local Bank)
  • Yemen Commercial Bank (Local Bank)
  • Arab Bank Limited (Commercial Bank)
  • Calyon Credit Agricole ( CIB ) (Commercial Bank)
  • Cooperative and Agricultural Credit Bank (Commercial Bank)
  • Housing Bank (Commercial Bank)
  • International Bank of Yemen (Commercial Bank)
  • Islamic Bank of Yemen for Finance and investment (Commercial Bank)
  • National Bank of Yemen (Commercial Bank)
  • Qatar National Bank (Commercial Bank)
  • Rafidan Bank (Commercial Bank)
  • Saba Islamic Bank (Commercial Bank)
  • Shamil Bank of Yemen and Bahrain (Commercial Bank)
  • Tadhamon International Islamic Bank (Commercial Bank)
  • The Yemen Bank for Reconstruction and Development (Commercial Bank)
  • United Bank Limited (Commercial Bank)
  • Yemen Commercial Bank (Commercial Bank)
  • Yemen Gulf Bank (Commercial Bank)
  • Yemen Kuwait Bank for Trade and Investment (Commercial Bank)
  • Syria Gulf Bank (Foreign Bank)

Aadmi can support you with your expansion to Yemen. 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.

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