CONTENT:
SLP 1: Doing Business in the United Kingdom- Factors that Influence TradeNameInstitutionDoing Business in the United KingdomIntroductionThis study reflects on how easy or difficult it is for an entrepreneur to open a business in the United Kingdom while observing the countries rules and regulations. This study lays focus on; business registration, business financing, business procurement process, dealing with investor protection, building permits, property registration, international trade, remittance of taxes, dealing with insolvency and getting electricity supply. The basic measurements shall focus on the processes, the number of days taken and the cost per capita of the above mentioned processes.One of the sources the study analyses is a study by the World Bank that compares some of the economies that are the same level with the United Kingdom. These countries are: France, Germany, Ireland, Japan, Singapore and The United States of America (USA) (World Bank, 2013, p. 5).All the above mentioned areas cover the primary factors affecting a wide range of businesses. A detailed study on these factors will help measure how easy or difficult it is to do business in the United Kingdom.Country ProfileThe United Kingdom is one of the developed countries and has the sixth largest economy as per The Gross Domestic Product. The purchasing power parity is the eighth largest among the world`s largest economies. In the 2011 census, the population projection for 2014 was 63.227 million with 53 million coming from England alone. 87% of the population is characterized by whites, 7% Asians and 3% blacks (Office for National Statistics, 2013).The official language is English-UK while the main religion is Christianity. About 11.3% of the total population is immigrants mostly from the European neighbouring countries. United Kingdom is considered as the industrial hub of Europe. The country is host to the second largest stock market in the world.The city of London is the world`s second largest business centre after New York. The income category of the UK is high income. This means that the general population has a relatively high disposable income. In business terms, it means that people are capable of purchasing general products i.e. they are potential customers to business investors.All these statistics indicate that the UK is an optimal place to do business. However, it is necessary to examine some factors in order to weigh how easy or difficult it is. These factors are measured in percentages and indices that are relative to time, money or to each other. Other measurements are ratings given by the World Bank.SLP 1 Continuation: Factors that make it Easy to do...