Somalia is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Somalia has the longest coastline on Africa’s mainland, and its terrain consists mainly of plateaus, plains, and highlands. Climatically, hot conditions prevail year-round, with periodic monsoon winds and irregular rainfall.
Somalia is in constant (armed) unrest and thus unsuitable as a place of living. Since taxation is de facto not enforced, it might be an option for the brave to register and run a company in Somalia.
Capital: Mogadishu
Currency: Somali Shilling
Timezone: UTC+3
Corporate tax rate: 35% – due to constant unrest not enforced
Personal tax rate: N/A
Capital gains tax: N/A
VAT: N/A
Tax residence: 183 days rule: world income is taxed with some exceptions.
CFC Rules: No
Remote management:
Corporate taxation:
Personal taxation:
Cost of living:
Quality of living:
Safety of living:
Bureaucracy:
Reputation:
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