UK

The United Kingdom of Great Britain and Northern Ireland (UK) is a state located in the northwest of continental Europe. Its territory is formed geographically by the island of Great Britain, the northeast of the island of Ireland and small adjacent islands. Northern Ireland is the only part of the country with a land border, which separates it from the Republic of Ireland. Great Britain is delimited to the north and west by the Atlantic Ocean, to the east by the North Sea, to the south by the English Channel and to the west by the Irish Sea.

The UK is a unitary state comprised of four constituent nations: Scotland, Wales, England and Northern Ireland, and several overseas territories. Populated by more than 65 million people, it is the birthplace of Shakespeare and The Beatles. The capital, London, on the River Thames, is home of the British Parliament, Big Ben and the 11th-century Tower of London. Its official legal tender currency is the Pound Sterling (GBP),  which is the fourth most-traded currency in the international exchange market behind the US dollar, the euro and the Japanese yen.

Although UK is still a member of the European Union, its citizens voted in a referendum on June 23rd 2016, for the state to leave the EU; the so-called BREXIT vote. Its terms are still being negotiated, and it remains uncertain under what kind of agreement the UK will leave the bloc.

The United Kingdom is one of the world's most developed countries. It is the fifth largest economy in the world and the second largest in Europe after Germany, and ahead of France. Its technologically-developed industry is comprised mainly of machinery, transport equipment (vehicles, railways and aeronautics) and chemicals. The UK is also the second largest European producer of oil and gas, ahead of Norway. The services sector is the major contributor to its GDP, and includes the stock market, banking services and insurance companies. The London Stock Exchange is the second largest financial market after New York. Its agriculture is highly mechanized; its main products are potatoes, beets, wheat and barley. However, the agricultural sector only accounts for 1% of its GDP and only 2% of purchasing power parity. Livestock is significant, especially sheep and cattle, and the country is a large European producer of milk and its derivatives.

At Flag Theory, we’re here to help you during every step of your internationalization and structuring plans, and are constantly researching the best global locations to increase your privacy, freedom and wealth.

If you want to set up a company, open a bank account, immigrate and/or obtain residency permits in the UK, you can view some of the articles and more information about the country below, or get in contact with us directly for a free private consultation. 

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