The Falkland Islands
The ISO code of The Falkland Islands is FK according to the ISO 3166 standard. The local name of the country is Islas Malvinas. The Falkland Islands capital city is Stanley. People in The Falkland Islands speak the English language. In the year 1833, The Falkland Islands emerged as a sovereign political entity.
The Falkland Islands is located in the UTC -04:00 time zone, which is also called Falkland Islands Standard Time or FKST. The internet country code top-level domain (ccTLD) for The Falkland Islands is .fk. Other domains assigned to The Falkland Islands are .lat. The International dialing code for The Falkland Islands is 500. People in The Falkland Islands drive on the right side of the road. Total land area of The Falkland Islands is 12,173 km² (approx. 4,700 mi²). The Falkland Islands is not a landlocked country. It means that is is bordered by at least one major body of water.
The Falkland Islands is located in South America. The Falkland Islands 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 The Falkland Islands faces various issues, including overfishing by unlicensed vessels.
Doing business in The Falkland Islands
We offer various corporate services in The Falkland Islands jurisdiction. These services can serve both, people coming from The Falkland Islands and foreigners. If you plan on doing business in The Falkland Islands you might be interested in contacting us.
To find out about starting your business in The Falkland Islands click on company formation in The Falkland Islands.
To find out how to open a bank account in The Falkland Islands and moreover what type of account Confidus Solutions suggests to create, please click on bank account in The Falkland Islands.
Choose preferred service below or continue reading to find out more about The Falkland Islands.
Demographics of The Falkland Islands
The total population of The Falkland Islands is 2,922 people. In The Falkland Islands, the population density is 0.21 people per square kilometer (1 per square mile). Because of this statistic, this country is considered to be very sparsely. The Falkland Islands has approximately 1975 foreign immigrants.
The majority religion of The Falkland Islands is Christianity, The Falkland Islands 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 The Falkland Islands.
Culture of The Falkland Islands
People in The Falkland Islands speak the English language. One of the most popular national dishes of The Falkland Islands is grilled fish. To read more click on culture of The Falkland Islands.
Geography of The Falkland Islands
The Falkland Islands is considered to be a large nation because of its total area. Its total land area is 12,173 km² (approx. 4,700 mi²). The Falkland Islands is located in South America. Its capital city is Stanley. The Falkland Islands has no land borders.
The highest point of The Falkland Islands is Mount Usborne, with its official height being 705 m (2,313 ft). Including land mass and EEZ, the total area of The Falkland Islands is approximately 12,173 km² (~4,700 mi²). The most notable natural resources found in The Falkland Islands are fish, squid, wildlife, calcified seaweed, sphagnum moss.To read more click on geography of The Falkland Islands.
Economy of The Falkland Islands
The currency of the country is Falkland Islands pound. The symbol used for this currency is £, and it is abbreviated as FKP. 1% of population in the country are unemployed. The total number of unemployed people in The Falkland Islands is 29. Each year, The Falkland Islands exports around $0.13 billion and imports roughly $0.09 billion. The Gini Index of the country is 34.17. The Falkland Islands has a government debt of 34.9% of the country's Gross Domestic Product (GDP), as assessed in 2014. The Falkland Islands 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 and wool processing, tourism.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in The Falkland Islands is $0 billion. The corporate tax in The Falkland Islands is set at 26%. Personal income tax ranges from 21% to 26%, depending on your specific situation and income level. VAT in The Falkland Islands is 0%. To read more click on economy of The Falkland Islands.
Infrastructure of The Falkland Islands
There are 110 internet hosts in The Falkland Islands. The Falkland Islands has 7 airports nationwide.
To read more click on infrastructure of The Falkland Islands.
Politics of The Falkland Islands
The Falkland Islands, is a parliamentary dependency under a constitutional monarchy. The head of the government is Elizabeth II.
In The Falkland Islands, the legislative power is vested in a Legislative Assembly. To read more click on politics of The Falkland Islands.
Environment of The Falkland Islands
The Falkland Islands emits 19.56 metric tons per capita of CO2. To read more click on environment of The Falkland Islands.
Company formation in The Falkland Islands
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 The Falkland Islands.
When establishing a company in The Falkland Islands, 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 The Falkland Islands that will affect the establishment and growth of one's business. Contact us or click on company formation in The Falkland Islands to read additional information when setting up a business.
Bank account opening in The Falkland Islands
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in The Falkland Islands. 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 The Falkland Islands, 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 The Falkland Islands or contact us.