Which Country is the Cheapest for Starting a Business? Starti | Visual Capitalist

Which Country is the Cheapest for Starting a Business?

Starting a new business isn’t as simple as coming up with an idea.

In addition to the time investment needed to formulate and create a business, there’s often a hefty capital requirement. A new business usually requires paying different fees for licensing, permits, and approvals, and many governments also have minimum on-hand capital requirements.

And costs are relative. Though it might be more costly to start a business in some countries on paper, affordability also takes into account relative income.

These graphics examine the startup cost for a small-to-medium-size LLC in the largest business cities across 190 countries.

Read details below, and share in the comments if you are starting any business