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Where would you want to start your new business idea?

According to The World Bank, the cheapest countries for a new startup are Venezuela, Rwanda, and Slovenia. While the former does have fees that only total $0.21, both Rwanda and Slovenia have no fees for new businesses, but Slovenia has a capital requirement of €7,500.

Expensive countries to start a business are Italy at $4,876, Austria at $2,475, Suriname at $3,030, and Ecuador at $1,630.

The most expensive countries, however, are largely in the Middle East. They include #1 UAE at $7,444, #4 Qatar at $3,952, and #6 Lebanon at $2,855.

Source: https://www.visualcapitalist.com/which-country-is-the-cheapest-for-starting-a-business/ 

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Mark Kalin

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