How much does it cost to open a business in each country ❓

💲 The World Bank’s Doing Business project contains data on the costs and procedures required to open small and medium-sized limited liability companies in each country.

Business Financing converted these figures into US dollars and compared them with the average income in each country, so that it was possible to compare the cost and availability of starting a business around the world.

Brief conclusions of the study:

✍ The UAE is the most expensive country to create a business. Start-up costs — $ 7,443,51

✍ There is no fee for starting a business in Rwanda for the first two years

✍ In Slovenia, the only “fee” is the capital requirement of 7,500 euros

✍ Starting a new business is very difficult in the Congo, where fees of $ 1,232 make up 2554% of the average monthly income

✍ In Kazakhstan, starting a business requires only 2% of the average monthly income ($12 dollars vs $531)

✍ Low wages and significant fees make it difficult to start a business in most of Africa

✍ In Lebanon, Iraq and Syria, fees are also calculated in four digits, but salaries are much lower. In Syria, you will need to save 10 salaries to open a business

✍ Italy is the most expensive place in Europe to start a business ($4895)

✍ Starting a business in the US costs $ 725. Compared to the average monthly salary of $4,458, this is a very favorable availability rate

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