The ISO code of Germany is DE according to the ISO 3166 standard. The local name of the country is Deutschland. Germany capital city is Berlin. People in Germany speak the German language. On 15 March 1991, Germany emerged as a sovereign political entity. In the year 03/15/1991, Germany emerged as a sovereign political entity. The largest city in Germany is Berlin.
Germany is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Germany is .de. Other domains assigned to Germany are .bayern, .berlin, .cologne, .hamburg, .koeln, .nrw, .ruhr, .saarland, .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Germany is 49. People in Germany drive on the right side of the road. Total land area of Germany is 357,022 km² (approx. 137,846 mi²). Germany is not a landlocked country. It means that is is bordered by at least one major body of water.
Germany is located in Europe. Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Germany faces various issues, including emissions from coal-burning utilities and industries that contribute to air pollution, acid rain, resulting from sulfur dioxide emissions, is damaging forests, pollution in the Baltic Sea from raw sewage and industrial effluents from rivers in eastern Germany, hazardous waste disposal, government established a mechanism for ending the use of nuclear power over the next 15 years, government working to meet EU commitment to identify nature preservation areas in line with the EU's Flora, Fauna, and Habitat directive.
Doing business in Germany
We offer various corporate services in Germany jurisdiction. These services can serve both, people coming from Germany and foreigners. If you plan on doing business in Germany you might be interested in contacting us.
To find out about starting your business in Germany click on company formation in Germany.
To find out how to open a bank account in Germany and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Germany.
Choose preferred service below or continue reading to find out more about Germany.
Demographics of Germany
The total population of Germany is 82,293,457 people. In Germany, the population density is 228 people per square kilometer (593 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Germany is 0.1682. Germany has approximately 12005690 foreign immigrants. The median age is approximately 46.1 years. In Germany, 84 in every 100 people use internet. Germany has a Human Development Index (HDI) of 0.911.
The majority religion of Germany is Christianity, Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Germany.
Culture of Germany
People in Germany speak the German language. According to data on inbound tourists in Germany, 31,545,000 tourists arrive in the country each year. The first McDonalds in Germany was opened on 22 November 1971, and it was located in Munich. One of the most popular national dishes of Germany is currywurst. To read more click on culture of Germany.
Geography of Germany
Germany is considered to be a large nation because of its total area. Its total land area is 357,022 km² (approx. 137,846 mi²). Germany is located in Europe. Its capital city is Berlin. Germany has 9 neighbouring countries. Its neighbours include Austria, Belgium, Czech Republic, Denmark, France, Luxembourg, Netherlands, Poland, and Switzerland. Total length of land borders of Germany is 3714 kilometers (~1,434 miles).
The highest point of Germany is Zugspitze, with its official height being 2962 m (9,718 ft). Including land mass and EEZ, the total area of Germany is approximately 414,507 km² (~160,041 mi²). The most notable natural resources found in Germany are coal, lignite, natural gas, iron ore, copper, nickel, uranium, potash, salt, construction materials, timber, arable land.To read more click on geography of Germany.
Economy of Germany
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 3.6% of population in the country are unemployed. The total number of unemployed people in Germany is 2,962,564. Each year, Germany exports around $1493 billion and imports roughly $1233 billion. The Gini Index of the country is 27. Germany has a Human Development Index (HDI) of 0.911.The Global Peace Index (GPI) for Germany is 1.379. Germany has a government debt of 26% of the country's Gross Domestic Product (GDP), as assessed in 2013. Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, automobiles, food and beverages, shipbuilding, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Germany is $3,748,094 billion. Each year, consumers spend around $2,086,559 million. The ratio of consumer spending to GDP in Germany is 0%, and the ratio of consumer spending to the world consumer market is 4.85. The corporate tax in Germany is set at 30%. Personal income tax ranges from 14% to 45%, depending on your specific situation and income level. VAT in Germany is 19%. To read more click on economy of Germany.
Infrastructure of Germany
Infrastructure quality in Germany is rated to be at 4.32. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Germany, 100% of the population has access to electricity. There are 20,043,000 internet hosts in Germany. Germany has 539 airports nationwide.
The logistics performance index of Germany is 4.12. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Tracking possibilities for shipments are rated at 4.17. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.
To read more click on infrastructure of Germany.
Politics of Germany
Germany, is a federal parliamentary constitutional republic. With regard to political and civil freedoms, Germany is 1. Citizens in Germany experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Frank-Walter Steinmeier.
According to the World Bank Group, the government effectiveness index of Germany is 1.73. This indicates that the government of Germany is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Germany is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Germany, the legislative power is vested in a Bundesrat/Bundestag. The Global Peace Index (GPI) for Germany is 1.379. The strength of legal rights index for Germany is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Germany is a member of the United Nations (UN). On 18 September 1973, it joined the UN as a full member state. Germany is a member of the European Union (EU). On 18 September 1973, it joined the EU as a full member state. Germany is a member of the World Bank. To read more click on politics of Germany.
Environment of Germany
Germany emits 8.9 metric tons per capita of CO2. 114190 km² of Germany's territory is covered in forests. and forest land comprises 32% of all the land in the country. To read more click on environment of Germany.
Company formation in Germany
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Germany.
When establishing a company in Germany, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Germany that will affect the establishment and growth of one's business. Contact us or click on company formation in Germany to read additional information when setting up a business.
Bank account opening in Germany
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Germany. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Germany, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Germany or contact us.