United Kingdom is a unitary state which consist of four countries: England, Northern Ireland, Scotland and Wales. Great Britain is a federation with three crown colonies, the Isle of Man, Jersey and Guernsey, and has 14 overseas territories.

The English service sector is enormous, and represents approximately 73% of the Gross National Product. The services sector is dominated by financial services, particularly banking and insurance. London is the world’s largest financial center including the London Stock Exchange and Lloyd’s of London.

The English company law is well developed and modern. The most used legal form in the United Kingdom is the Limited (Private Limited Company). The simple formation process and the sophisticated online system from the British Chamber of Commerce (Companies House) have also ensured that the English Limited is used far outside the United Kingdom.