SOCIETY & ETIQUETTE: For those accustomed to doing business in the US or other Western markets, Philippine business customs will appear familiar. Handshakes are standard for both men and women in formal and informal occasions, while the exchange of business cards is fairly informal. However, if...
As part of its strategy to become a major centre of commerce in the region, Djibouti is complementing the development of new transport infrastructure with the establishment of new trade areas.
The economy has grown rapidly in recent years upon the back of rising foreign direct investment and the country’s increasingly important role as a centre for regional connectivity. GDP is expected to increase by 6.5% in 2016 and remain steady at an average annual growth rate of 7% between 2017 and 2019. Already established as a global hub, the trade...
The state of Djibouti has a profound attachment to democratic values and refers to this attachment in its first constitution, adapted on the September 4, 1992. The constitution, adopted via referendum by the citizens of Djibouti, integrates the stipulations of the Universal Declaration of Human Rights and the African Charter on Human and...
Until 2009, Djibouti’s tax system was based on separate codes that dealt with direct and indirect taxation. In that year, however, value-added tax (VAT) was introduced, and these different codes were bundled in one single document, known as the General Tax Code (GTC). Unfortunately, due to changes to financial legislation, the GTC has not been...
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