Welcome Primo’s Boot, Unipessoal, Lda in Becoming a 3E Accounting Pte Ltd Global Accounting Alliance Member in Timor-Leste
Primo’s Boot, Unipessoal, Lda is a dedicated company in providing support to help companies with management in their finances and economic expertise. Their service includes giving clients financial statements, audited financial statements, and provide a professional opinion on activities that are relative to the information they receive.
Timor-Leste is in the south of Maritime Southeast Asia, and it borders Indonesia and the Savu Sea. Timor-Leste became an independent nation in 2002. It is also the 172nd freest and it has an economic freedom score of 44.2
Ever since it became independent, the government of Timor-Leste has put in great effort to lessen poverty and have better social outcomes. Therefore, the structural changes and institutional problems are the country’s constant issues, even more in labour and logistic risks.
Timor-Leste also gained an observer status from the WTO in 2016. Their accession with them has been a bridge for them to the Association of Southeast Asian Nations (ASEAN). Timor-Leste is currently applying to be part of the ASEAN. In addition, they have enhanced their infrastructure and air connectivity. Today, they already have an air services agreement with Singapore, Australia, and Indonesia to have better routes in the country. Even if their politics are not stable and corruption is rampant, the government has enough funds for basic infrastructure development, which includes roads and electricity to promote tourism.
The agricultural, goods and services, and public infrastructure spending are what powers the Timorese economy. 30% of the GDP comes from agriculture and about 75% of employment. You can consider investing gold, oil and gas, manganese, marble, manufacturing, infrastructure, tourism, and construction.
Timor-Leste – A Developing Country
Even if Timor-Leste is still developing, they are a very young democracy with a lot of potential and room to grow. They have petroleum resources, making their economy grow rapidly.
We are going to help you set-up business in Timor-Leste and be able to get started properly. Then, we will provide the services you need.
About The Company
3E Accounting Pte Ltd is a leading company headquartered in Singapore. The company is focused to creating a strong network of independent accounting and consulting firms across the globe, facilitating clients who wish to venture into new markets and territories smoothly.