25-08-2017, 09:32 PM
Doing Business in UK
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UNITED KINGDOM
Unitary state - under a constitutional monarchy and a parliamentary system.
Capital- London
World’s 7th largest economy by nominal GDP, 8th largest by PPP
Population- 62 million
GDP- $ 2316 billion, Per capita- $38,591
Currency- GBP.
Culture
Cultural superpower.
Official language- English. Recognized regional language- Irish, Scottish, welsh.
Ethnic Group- 92.1% white, 4% South Asian, 2%Black, 1.2% Mixed, 0.4% chinese
Prominent in Science & Technology.
Interesting Facts
To have the right to watch a television, you have to pay a license.
London is actually the 5th largest French city.
Windsor Castle is the largest royal home in the world. It is also the oldest still in use as a royal residence.
The English gulp down more tea than anyone else on Earth
The flag of England is called the Union Flag when it is seen on land and Union Jack when it is being used on a ship.
Doing business in UK
open, transparent and business-friendly system to encourage the formation of new businesses.
the gateway to access EU markets.
partnership, joint venture, representative office, branch office or a subsidiary.
Market challenges
Though economy grew by 1.1% in 2011, GDP contracted by 0.5% in 4th quarter of the same year.
London is one of the world’s most expensive cities to do business.
introduced deep cuts to public sector funding.