The ISO code of United Kingdom is UK according to ISO 3166 standard. The local name of the country is the same as in English. London is the capital city of United Kingdom. The official language of United Kingdom is English. In the year 1707, United Kingdom emerged as a sovereign political entity. The largest city in United Kingdom is London.
United Kingdom is located in the UTC +00:00 time zone, which is also called Western European Time or WET. The internet country code top-level domain (ccTLD) for United Kingdom is .uk. Other domains assigned to United Kingdom are .gb, .london, .cymru, .wales, .scot, .eu. The International dialing code for United Kingdom is +44. People in United Kingdom drive on the left side of the road. Total land area of United Kingdom is 242 495 km2. United Kingdom is not a landlocked country.
United Kingdom is located in the northern part of Europe. United Kingdom 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 United Kingdom faces various issues including somewhat concerning air pollution, controversial migration management practices.
Doing business in United Kingdom
We offer various corporate services in United Kingdom jurisdiction. These services can serve both, people coming from United Kingdom and foreigners. If you plan on doing business in United Kingdom you might be interested in contacting us.
To find out about starting your business in United Kingdom click on company formation in United Kingdom.
To find out how to open a bank account in United Kingdom and moreover what type of account Confidus Solutions suggests to create, please click on bank account in United Kingdom.
Choose preferred service below or continue reading to find out more about United Kingdom.
Demographics of United Kingdom
The total population of United Kingdom is 64 800 000 people. In United Kingdom, the population density is 262 people per square kilometer (682 per square mile). Because of this statistic, this country is considered to be crowded. The ethnic diversity is almost uniform according to a fractionalization scale which for United Kingdom is 0.1211. United Kingdom has 7 824 131 million foreign immigrants. The median age is approximately 40.4 years. In United Kingdom, 87.02 in every 100 people use internet. United Kingdom has a Human Development Index (HDI) of 0.892.
The main religion of United Kingdom is Christianity. United Kingdom 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 United Kingdom.
Culture of United Kingdom
People in United Kingdom speak English language. According to data on inbound tourists in United Kingdom, 31 169 000 tourists arrive in the country each year. The first McDonalds in United Kingdom was opened on 13 November 1974 One of the most popular national dishes of United Kingdom is beef. To read more click on culture of United Kingdom.
Geography of United Kingdom
United Kingdom is considered a large nation because of its total area. Its total land area is 242 495 km2 (approx. 93,628 mi2). United Kingdom is located in the northern part of Europe. Its capital city is London. Total length of land borders of United Kingdom is 360,00 kilometers (~224 miles).
The highest point of United Kingdom is Ben Nevis with its official height being 1343 m (4406 ft). Including land mass and EEZ, the total area of United Kingdom is approximately 7 048 081 km2 (~2,721,279 mi2). The most notable natural resources found in United Kingdom are coal, petroleum, natural gas, iron ore, lead, zinc, gold, tin, limestone, salt, clay, chalk, gypsum, potash, silica sand, slate, arable land. To read more click on geography of United Kingdom.
Economy of United Kingdom
The currency of the country is British pound. The symbol used for this currency is £, and it is abbreviated as GBP. 5% of population in the country are unemployed. The total number of unemployed people in United Kingdom is 3 499 200. Each year, United Kingdom exports around $813.2 billion and imports roughly $782.5 billion. The Gini Index of the country is 32.4. United Kingdom has a Human Development Index (HDI) of 0.892. The Global Peace Index (GPI) for United Kingdom is 1.685. United Kingdom has a government debt of 90% of the country's Gross Domestic Product (GDP), as assessed in 2012. United Kingdom 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 machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, other consumer goods.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in United Kingdom is $ 2 569 218 billion. Each year, consumers spend around $1 736 557 million. The ratio of consumer spending to GDP in United Kingdom is 65%, and the ratio of consumer spending to the world consumer market is 4%. The corporate tax in United Kingdom is set at 20%. Personal income tax ranges from 20% to 45%, depending on your specific situation and income level. To read more click on economy of United Kingdom.
Infrastructure of United Kingdom
Infrastructure quality in United Kingdom is rated to be at 4.16. In United Kingdom, 100% of the population has access to electricity. There are 8 107 000 internet hosts in United Kingdom. United Kingdom has 460,00 airports nationwide. The logistics performance index of United Kingdom is 4.01. Tracking possibilities for shipments are rated at 4.08. To read more click on infrastructure of United Kingdom.
Politics of United Kingdom
United Kingdom is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, United Kingdom is 1. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of United Kingdom is 1.62. In United Kingdom, the legislative power is vested in a parliament. The Global Peace Index (GPI) for United Kingdom is 1.685. The strength of legal rights index for United Kingdom is 7. United Kingdom is a member of the United Nations (UN). On 24 October 1945, it joined the UN at its inception date as a full member state. United Kingdom is one of the original UN member states who founded the organization. United Kingdom is a member of the European Union (EU). On 1 January 1973, it joined the EU as a full member state. United Kingdom is a member of the World Bank. To read more click on politics of United Kingdom.
Environment of United Kingdom
United Kingdom emits 7.1 metric tons per capita of CO2. 28 650 km2 of United Kingdom's territory is covered in forests, and forest land comprises 12% of all the land in the country. To read more click on environment of United Kingdom.
Company formation in United Kingdom
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 United Kingdom.
When establishing a company in United Kingdom, 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 United Kingdom that will affect the establishment and growth of one's business. Contact us or click on company formation in United Kingdom to read additional information when setting up a business.
Bank account opening in United Kingdom
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in United Kingdom. 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 United Kingdom, 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 United Kingdom or contact us.