Business For Sale Chad | Business For Sale Listings
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Get to Know About Chad
Chad is a country located in north-central Africa. The landlocked republic occupies 1,284,000 square kilometers of area and is home to an estimated 14 million people. The country is one of the least developed countries in the world. According to the United Nation’s Human Development Index (HDI), Chad is the seventh poorest country in the world.
If we are honest, doing business in Chad is not a good idea for now. You accept ‘difficulties’ more than ‘challenges.’ However, it is all up to you. You might have thought about it more than us, so you can go forward with your business if you believe you have sorted it out.
Talking about the disadvantages of opening a business in Chad, first off, Idris Deby has been the president since 1990. International News portals describe him as a ‘power-hungry’ individual more than anything. The economy has hugely failed under his governance; Deby has changed prime ministers 17 times, corruption rates are alarming and the development has been set back. Additionally, there are a lot of refugees from Sudan and Nigeria (Chadians have been very helpful to them). Crime and poverty rates are high as well.
Anyway, one thing that might shock you is that Chad has a personal tax rate of 60% and corporate taxes are 45%. Thus, from facts like these, we don’t need to be surprised when we say that economic freedom isn’t prevalent in the country.