Business For Sale East Timor | Business For Sale Listings
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Things to Know About the Business for Takeover East Timor
East Timor occupies the eastern half of Timor Island located on the southern extreme of the Malay Archipelago. Most of the land in East Timor is rugged, comprising of plateaus and mountains, with some rising as high as 9721 feet. Due to the geography of the region, there are lots of hot springs and mountains streams in the land, and these have created the right environment for a variety of wildlife and plant species to thrive.
The total land area of East Timor is approximately 14, 605 square kilometers, and it is home to an approximate population of about 1.2 million people. The major languages include Portuguese and Tetum which are the official languages for doing business in East Timor and English and Indonesian which are the working languages. The major religion is Christianity, though there is also a considerable population of Muslims, Hindus, and Buddhists.
On the economy, the country is classified by World Bank as a low-income nation, with more than half of the population living on less than $1.25 a day. The unemployment rate is low at just 20%, but with the low GDP, there is not so much for the population to be proud of because there may be jobs, but the earnings are too low.
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