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Get to Know About Lesotho
Lesotho is a landlocked country within the border of South Africa. The capital is Maseru, which is the largest city, and the spoken languages are Sesotho and English. The land covers an area of 30,355 square kilometers with a population of 2,203,821 Lesothan/Lesothonian. They use Lesotho loti and South African rand as national currencies. Because of its location (which is below the equator), the state remains cooler throughout the year.
The Gross Domestic Product (GDP) in Lesotho is worth 2.79 billion US dollars. Its GDP per capita is $1,401.60. The Corporate Tax Rate stands at 25 percent, which is the average tax rate imposed by other well-developed countries.
As the country is geographically surrounded by South Africa, most of its activities are economically integrated with it. Therefore, you should put that into consideration when doing business in Lesotho. Another thing, in 2018, Lesotho was ranked 106 among 190 economies in the ease of doing business index (according to the annual ratings of World Bank). People from well-developed countries such as the United States, Australia, and the United Kingdom do not require a visa to enter the country. On the other hand, foreign nationals from other nations may apply for tourist, student, or business visa online (e-Visa).
The challenges in Lesotho include territory conditions (mountainous terrain), climate conditions (it is cold most of the time) and limited access to safe and clean drinking water (rural and urban areas). However, what makes Lesotho a good place to visit is its citizens can speak English. Thus it gives them an edge over the others.