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Yemen
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 1 | May Day |
| May 11 | Eid al-Fitr holiday |
| May 12 | Eid al-Fitr Eve |
| May 13 | Eid al-Fitr |
| May 14 | Eid al-Fitr holiday |
| May 22 | Unity Day |
| July 19 | Eid al-Adha Eve |
| July 20 | Eid al-Adha |
| July 21 | Eid al-Adha holiday |
| July 22 | Eid al-Adha holiday |
| July 23 | Eid al-Adha holiday |
| August 10 | Muharram |
| September 26 | Revolution Day |
| October 14 | Liberation Day |
| November 30 | Independence 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.
