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Greenland
The ISO code of Greenland is GL according to the ISO 3166 standard. The local name of the country is Kalaallit Nunaat. Greenland capital city is Nuuk. People in Greenland speak the Danish, and English languages. In the year 1262, Greenland emerged as a sovereign political entity.
Greenland has different time zones. They are UTC +00:00 (WET - Western European Time), UTC -01:00 (EGST - East Greenland Standard Time), UTC -03:00 (WGT - West Greenland Time), UTC -04:00 (AST - Atlantic Standard Time).The internet country code top-level domain (ccTLD) for Greenland is .gl. The International dialing code for Greenland is 299. People in Greenland drive on the right side of the road. Total land area of Greenland is 2,166,086 km² (approx. 836,327 mi²). Greenland is not a landlocked country. It means that is is bordered by at least one major body of water.
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Greenland is located in North America. Greenland 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 Greenland faces various issues, including difficulties of the protection of the arctic environment, preservation of the Inuit traditional way of life, including whaling and seal hunting.
Doing business in Greenland
We offer various corporate services in Greenland jurisdiction. These services can serve both, people coming from Greenland and foreigners. If you plan on doing business in Greenland you might be interested in contacting us.
To find out about starting your business in Greenland click on company formation in Greenland.
To find out how to open a bank account in Greenland and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Greenland.
Choose preferred service below or continue reading to find out more about Greenland.
Demographics of Greenland
The total population of Greenland is 56,565 people. In Greenland, the population density is 0.03 people per square kilometer (0 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is almost uniform according to a fractionalization scale which for Greenland is 0. Greenland has approximately 6009 foreign immigrants. The median age is approximately 33.6 years. In Greenland, 64.9 in every 100 people use internet.
The majority religion of Greenland is Christianity, Greenland 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 Greenland.
Culture of Greenland
People in Greenland speak the Danish, and English languages. According to data on inbound tourists in Greenland, 80,000 tourists arrive in the country each year. One of the most popular national dishes of Greenland is kiviak. To read more click on culture of Greenland.
Geography of Greenland
Greenland is considered to be a vast nation because of its total area. Its total land area is 2,166,086 km² (approx. 836,327 mi²). Greenland is located in North America. Its capital city is Nuuk. Greenland has no land borders.
The highest point of Greenland is Gunnbjørn Fjeld, with its official height being 3700 m (12,140 ft). Including land mass and EEZ, the total area of Greenland is approximately 2,193,512 km² (~846,916 mi²). The most notable natural resources found in Greenland are coal, iron ore, lead, zinc, molybdenum, diamonds, gold, platinum, niobium, tantalite, uranium, fish, seals, whales, hydropower, possible oil and gas.To read more click on geography of Greenland.
Economy of Greenland
The currency of the country is Danish krone. The symbol used for this currency is kr, and it is abbreviated as DKK. 9.1% of population in the country are unemployed. The total number of unemployed people in Greenland is 5,147. Each year, Greenland exports around $0.38 billion and imports roughly $0.81 billion. The Gini Index of the country is 34. Greenland has a government debt of 18.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. Greenland 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 fish processing (mainly shrimp and Greenland halibut), gold, niobium, tantalite, uranium, iron and diamond mining, handicrafts, hides and skins, small shipyards.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Greenland is $2 billion. Each year, consumers spend around $408 million. The ratio of consumer spending to GDP in Greenland is 0%, and the ratio of consumer spending to the world consumer market is 0.0012. The corporate tax in Greenland is set at 30%. VAT in Greenland is 25%. To read more click on economy of Greenland.
Infrastructure of Greenland
In Greenland, 100% of the population has access to electricity. There are 15,645 internet hosts in Greenland. Greenland has 15 airports nationwide.
To read more click on infrastructure of Greenland.
Politics of Greenland
Greenland, is a devolved government within parliamentary constitutional monarchy. The head of the government is Margrethe II.
According to the World Bank Group, the government effectiveness index of Greenland is 0.89. This indicates that the government of Greenland is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Greenland, the legislative power is vested in a Inatsisartut. To read more click on politics of Greenland.
Environment of Greenland
Greenland emits 12.4 metric tons per capita of CO2. To read more click on environment of Greenland.
Company formation in Greenland
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 Greenland.
When establishing a company in Greenland, 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 Greenland that will affect the establishment and growth of one's business. Contact us or click on company formation in Greenland to read additional information when setting up a business.
Bank account opening in Greenland
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Greenland. 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 Greenland, 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 Greenland or contact us.