Business For Sale Saint Helena

Business For Sale Saint Helena | Business For Sale Listings

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Business For Sale Saint Helena

Get to Know About Saint Helena

Saint Helena is a volcanic tropical island and British foreign territory in the South Atlantic Ocean. It is 4,000 km east of Rio de Janeiro. Saint Helena is 1,950 west of the inlet of the Cunene River, which exhibits the border between Namibia and Angola. Its capital is at Jamestown.

Saint Helena is mainly inhabited by people that originated from Europe, Chinese and people from Madagascar and Asia. The official language is English with other distinct dialects developed within the island. The population is roughly 4,300 inhabitants.

Saint Helena is predominately dependent on foreign aid from the United Kingdom which has had a constraint on the island’s economy. They source most of the imports from South Africa and the United Kingdom, with its exports limited to natural resources, primarily fish and coffee. The low levels of employment have made many Saints to leave the island to overseas. However, on the current process of development, outsourcing, and privatization of government agencies have promoted the doing business in Saint Helena. Over the past decade, the government infrastructural development, especially in banking, vehicle testing, and the cleaning services has greatly had an impact on the economy. In spite of tangible reforms witnessed, the banking sector needs improvement as currently, they charge a 5 percent commission on withdrawals using a debit card as there are no ATMs on the island. This will greatly improve investor confidence and doing business in Saint Helena.

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