New business owners must shell out for approvals, licenses, permits, and inscriptions. Governments often require a business to have a paid-in minimum capital requirement – a set amount of cash in the bank. These processes are not just expensive but time-consuming and complicated. The World Bank’s Doing Business project keeps figures on the cost and procedures you need to start a small- to medium-size limited liability company in every country.
Low wages and substantial fees make it a challenge to start a business in much of Africa. The average monthly pay in Congo is just shy of $50, putting the $1,232.08 in start-up fees out of reach for most independent entrepreneurs. A similar – though not quite so drastic – disparity exists in the Central African Republic, Chad, and Mali, as well as further afield in Haiti, Yemen, and Syria. Suriname in South America has slightly higher wages, but higher fees put Surinamese start-ups in a similar position.
Source: https://businessfinancing.co.uk/cost-of-starting-a-business-in-every-country/
