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ABOUT THE UNITED KINGDOM
The UK is the leader of foreign investment in Europe. The UK is a hotbed of activity for foreign investment in Europe, especially from American companies. The UK offers vast business opportunities for investors. Low labor costs and high returns make it an attractive investment destination.
- The easiest place to establish and run a business is Europe: According to a World Bank study, it takes only 13 days to establish a business in the UK. The World Bank has ranked the UK first in Europe and sixth in the world to operate business
- An internationally competitive tax environment for foreign investors: the UK has the lowest corporate tax at 28 percent which is the lowest in the G7. The highest personal tax bond at 40 percent is also the lowest in the EU.
- Most Flexible market in Europe: According to a World Bank report, the UK stands at second place to employ workers.
- Least barriers to entrepreneurship: OECD has identified the UK as second in the world for Product Market Regulation. It also ranks second for the least barriers to entrepreneurship and third for the least barriers to trade investment in the world.
- Stable Political Environments: Transparency International rates the UK high on the transparency list. The UK is the country with the least corruption in the world. It achieves a higher rating in comparison to the US, Japan, Germany and France.
- Leading Financial Center: London which is world’s largest financial center is situated in the UK.
| Population: | 60.8 million |
| Form of government: | Unitary parliamentary constitutional monarchy |
| Official & spoken languages: | English (spoken Scots, Welsh, Cornish, Gaelic) |
| Currency: | Sterling Pound £ |
| Time zone: | UTC 0 |
| GDP (PPP): | $ 2.548 trillion |
| GDP (PPP)/per capita: | $ 39,762 |
| Public debt: | £1.56 trillion (82% of GDP) |
| Average salary: | £26.500/year |
| Unemployment: | 5.2% |
| Major trading partners: | US ($66.5 billion), Germany ($46.4 billion), Switzerland ($32.2 billion), China ($27.4 billion), France ($27 billion), Netherlands ($26.6 billion) |
COUNTRIES – THE UNITED KINGDOM
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