Cost to Start a Business

Raw value is the official cost to register a standard limited liability company as a percentage of gross national income per capita, primarily from World Bank WDI IC.REG.COST.PC.ZS. Lower values receive higher scores on a logarithmic lower-is-better scale: 0% scores 100, 350% of GNI per capita or more scores 0.
1 Ireland0 % of GNI p.c. 0 % of GNI p.c. 100
1 Slovenia0 % of GNI p.c. 0 % of GNI p.c. 100
1 United Kingdom0 % of GNI p.c. 0 % of GNI p.c. 100
1 Kazakhstan0.02 % of GNI p.c. 0.02 % of GNI p.c. 100
5 Hong Kong0.1 % of GNI p.c. 0.1 % of GNI p.c. 98
6 Denmark0.2 % of GNI p.c. 0.2 % of GNI p.c. 97
6 Greenland0.2 % of GNI p.c. 0.2 % of GNI p.c. 97
6 New Zealand0.2 % of GNI p.c. 0.2 % of GNI p.c. 97
9 Canada0.3 % of GNI p.c. 0.3 % of GNI p.c. 96
9 Kuwait0.3 % of GNI p.c. 0.3 % of GNI p.c. 96
9 Singapore0.3 % of GNI p.c. 0.3 % of GNI p.c. 96
9 South Africa0.3 % of GNI p.c. 0.3 % of GNI p.c. 96
13 Botswana0.4 % of GNI p.c. 0.4 % of GNI p.c. 94
13 China0.4 % of GNI p.c. 0.4 % of GNI p.c. 94
15 British Virgin Islands0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Cayman Islands0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Czech Republic0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Gibraltar0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Norway0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Slovakia0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Sweden0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
15 Trinidad and Tobago0.5 % of GNI p.c. 0.5 % of GNI p.c. 93
23 Barbados0.6 % of GNI p.c. 0.6 % of GNI p.c. 92
24 Australia0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 France0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 French Guiana0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 Guadeloupe0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 Martinique0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 Mayotte0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
24 Réunion0.7 % of GNI p.c. 0.7 % of GNI p.c. 91
31 Bulgaria0.8 % of GNI p.c. 0.8 % of GNI p.c. 90
31 Lithuania0.8 % of GNI p.c. 0.8 % of GNI p.c. 90
33 Ukraine0.9 % of GNI p.c. 0.9 % of GNI p.c. 89
34 Bermuda1 % of GNI p.c. 1 % of GNI p.c. 88
34 Cook Islands1 % of GNI p.c. 1 % of GNI p.c. 88
34 Faroe Islands1 % of GNI p.c. 1 % of GNI p.c. 88
34 Macau1 % of GNI p.c. 1 % of GNI p.c. 88
34 Monaco1 % of GNI p.c. 1 % of GNI p.c. 88
34 Montserrat1 % of GNI p.c. 1 % of GNI p.c. 88
34 Niue1 % of GNI p.c. 1 % of GNI p.c. 88
34 Romania1 % of GNI p.c. 1 % of GNI p.c. 88
34 Saint Pierre and Miquelon1 % of GNI p.c. 1 % of GNI p.c. 88
34 Saint-Martin1 % of GNI p.c. 1 % of GNI p.c. 88
34 Tahiti1 % of GNI p.c. 1 % of GNI p.c. 88
34 Turks and Caicos Islands1 % of GNI p.c. 1 % of GNI p.c. 88
46 Armenia1.1 % of GNI p.c. 1.1 % of GNI p.c. 87
46 Chinese Taipei1.1 % of GNI p.c. 1.1 % of GNI p.c. 87
46 Russia1.1 % of GNI p.c. 1.1 % of GNI p.c. 87
46 United States1.1 % of GNI p.c. 1.1 % of GNI p.c. 87
46 Luxembourg1.2 % of GNI p.c. 1.2 % of GNI p.c. 87
46 Netherlands1.2 % of GNI p.c. 1.2 % of GNI p.c. 87
52 Finland1.3 % of GNI p.c. 1.3 % of GNI p.c. 86
52 Iran1.3 % of GNI p.c. 1.3 % of GNI p.c. 86
52 Montenegro1.3 % of GNI p.c. 1.3 % of GNI p.c. 86
55 Estonia1.4 % of GNI p.c. 1.4 % of GNI p.c. 85
55 Kyrgyzstan1.4 % of GNI p.c. 1.4 % of GNI p.c. 85
57 American Samoa1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Belarus1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Guam1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Northern Mariana Islands1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Puerto Rico1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 U.S. Virgin Islands1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Wallis and Futuna1.5 % of GNI p.c. 1.5 % of GNI p.c. 84
57 Chile1.6 % of GNI p.c. 1.6 % of GNI p.c. 84
65 Latvia1.7 % of GNI p.c. 1.7 % of GNI p.c. 83
66 Germany1.8 % of GNI p.c. 1.8 % of GNI p.c. 82
67 Anguilla2 % of GNI p.c. 2 % of GNI p.c. 81
67 Georgia2 % of GNI p.c. 2 % of GNI p.c. 81
67 Liechtenstein2 % of GNI p.c. 2 % of GNI p.c. 81
67 Mongolia2 % of GNI p.c. 2 % of GNI p.c. 81
67 Azerbaijan2.1 % of GNI p.c. 2.1 % of GNI p.c. 81
67 Portugal2.1 % of GNI p.c. 2.1 % of GNI p.c. 81
73 Argentina2.2 % of GNI p.c. 2.2 % of GNI p.c. 80
73 Iceland2.3 % of GNI p.c. 2.3 % of GNI p.c. 80
73 Oman2.3 % of GNI p.c. 2.3 % of GNI p.c. 80
76 Mauritius2.5 % of GNI p.c. 2.5 % of GNI p.c. 79
77 Switzerland2.8 % of GNI p.c. 2.8 % of GNI p.c. 77
77 Israel2.9 % of GNI p.c. 2.9 % of GNI p.c. 77
79 New Caledonia3 % of GNI p.c. 3 % of GNI p.c. 76
79 San Marino3 % of GNI p.c. 3 % of GNI p.c. 76
79 Sint Maarten3 % of GNI p.c. 3 % of GNI p.c. 76
79 Greece3.1 % of GNI p.c. 3.1 % of GNI p.c. 76
83 Bahrain3.3 % of GNI p.c. 3.3 % of GNI p.c. 75
83 Spain3.4 % of GNI p.c. 3.4 % of GNI p.c. 75
83 Uzbekistan3.4 % of GNI p.c. 3.4 % of GNI p.c. 75
86 Kosovo3.6 % of GNI p.c. 3.6 % of GNI p.c. 74
87 Brazil4 % of GNI p.c. 4 % of GNI p.c. 73
87 Hungary4 % of GNI p.c. 4 % of GNI p.c. 73
87 Moldova4 % of GNI p.c. 4 % of GNI p.c. 73
90 Serbia4.3 % of GNI p.c. 4.3 % of GNI p.c. 72
90 United Arab Emirates4.3 % of GNI p.c. 4.3 % of GNI p.c. 72
92 Bahamas4.6 % of GNI p.c. 4.6 % of GNI p.c. 71
93 Qatar4.8 % of GNI p.c. 4.8 % of GNI p.c. 70
93 Tunisia4.8 % of GNI p.c. 4.8 % of GNI p.c. 70
93 Brunei4.9 % of GNI p.c. 4.9 % of GNI p.c. 70
96 Curacao5 % of GNI p.c. 5 % of GNI p.c. 69
96 Saudi Arabia5 % of GNI p.c. 5 % of GNI p.c. 69
96 India5.1 % of GNI p.c. 5.1 % of GNI p.c. 69
96 Austria5.2 % of GNI p.c. 5.2 % of GNI p.c. 69
96 North Macedonia5.2 % of GNI p.c. 5.2 % of GNI p.c. 69
101 Belgium5.4 % of GNI p.c. 5.4 % of GNI p.c. 68
102 Aruba6 % of GNI p.c. 6 % of GNI p.c. 67
103 Jamaica6.3 % of GNI p.c. 6.3 % of GNI p.c. 66
103 Laos6.5 % of GNI p.c. 6.5 % of GNI p.c. 66
103 Thailand6.5 % of GNI p.c. 6.5 % of GNI p.c. 66
106 Bosnia and Herzegovina6.6 % of GNI p.c. 6.6 % of GNI p.c. 65
106 Timor-Leste6.7 % of GNI p.c. 6.7 % of GNI p.c. 65
106 Turkey6.7 % of GNI p.c. 6.7 % of GNI p.c. 65
106 Vietnam6.7 % of GNI p.c. 6.7 % of GNI p.c. 65
106 Antigua and Barbuda7 % of GNI p.c. 7 % of GNI p.c. 65
111 Iraq7.3 % of GNI p.c. 7.3 % of GNI p.c. 64
112 Indonesia7.5 % of GNI p.c. 7.5 % of GNI p.c. 63
112 Japan7.5 % of GNI p.c. 7.5 % of GNI p.c. 63
112 Pakistan7.5 % of GNI p.c. 7.5 % of GNI p.c. 63
112 Sri Lanka7.6 % of GNI p.c. 7.6 % of GNI p.c. 63
112 Andorra8 % of GNI p.c. 8 % of GNI p.c. 63
112 Bhutan8 % of GNI p.c. 8 % of GNI p.c. 63
112 Maldives8 % of GNI p.c. 8 % of GNI p.c. 63
112 Samoa8 % of GNI p.c. 8 % of GNI p.c. 63
112 Turkmenistan8 % of GNI p.c. 8 % of GNI p.c. 63
121 Croatia8.3 % of GNI p.c. 8.3 % of GNI p.c. 62
121 Costa Rica8.5 % of GNI p.c. 8.5 % of GNI p.c. 62
123 Cape Verde8.9 % of GNI p.c. 8.9 % of GNI p.c. 61
123 Saint Kitts and Nevis9 % of GNI p.c. 9 % of GNI p.c. 61
123 Panama9.1 % of GNI p.c. 9.1 % of GNI p.c. 61
123 Seychelles9.1 % of GNI p.c. 9.1 % of GNI p.c. 61
127 Cyprus9.3 % of GNI p.c. 9.3 % of GNI p.c. 60
127 Egypt9.3 % of GNI p.c. 9.3 % of GNI p.c. 60
127 Ecuador9.7 % of GNI p.c. 9.7 % of GNI p.c. 60
127 Morocco9.7 % of GNI p.c. 9.7 % of GNI p.c. 60
131 Nauru10 % of GNI p.c. 10 % of GNI p.c. 59
131 Tuvalu10 % of GNI p.c. 10 % of GNI p.c. 59
131 Western Sahara10 % of GNI p.c. 10 % of GNI p.c. 59
131 Peru10.1 % of GNI p.c. 10.1 % of GNI p.c. 59
131 Malaysia10.2 % of GNI p.c. 10.2 % of GNI p.c. 59
131 Albania10.3 % of GNI p.c. 10.3 % of GNI p.c. 59
137 Poland10.8 % of GNI p.c. 10.8 % of GNI p.c. 58
138 Algeria11.4 % of GNI p.c. 11.4 % of GNI p.c. 57
139 Malta11.9 % of GNI p.c. 11.9 % of GNI p.c. 56
139 Dominica12 % of GNI p.c. 12 % of GNI p.c. 56
139 Guyana12 % of GNI p.c. 12 % of GNI p.c. 56
139 Marshall Islands12 % of GNI p.c. 12 % of GNI p.c. 56
139 Palau12 % of GNI p.c. 12 % of GNI p.c. 56
144 Ethiopia12.9 % of GNI p.c. 12.9 % of GNI p.c. 55
144 Italy13 % of GNI p.c. 13 % of GNI p.c. 55
144 Namibia13.2 % of GNI p.c. 13.2 % of GNI p.c. 55
147 Colombia13.5 % of GNI p.c. 13.5 % of GNI p.c. 54
147 Dominican Republic14 % of GNI p.c. 14 % of GNI p.c. 54
149 Korea Republic14.6 % of GNI p.c. 14.6 % of GNI p.c. 53
149 Ghana14.9 % of GNI p.c. 14.9 % of GNI p.c. 53
149 Afghanistan15 % of GNI p.c. 15 % of GNI p.c. 53
149 Cuba15 % of GNI p.c. 15 % of GNI p.c. 53
149 Micronesia15 % of GNI p.c. 15 % of GNI p.c. 53
149 Tonga15 % of GNI p.c. 15 % of GNI p.c. 53
155 Gabon15.4 % of GNI p.c. 15.4 % of GNI p.c. 52
156 Lesotho16.5 % of GNI p.c. 16.5 % of GNI p.c. 51
156 Fiji16.9 % of GNI p.c. 16.9 % of GNI p.c. 51
156 Grenada17 % of GNI p.c. 17 % of GNI p.c. 51
159 Sudan17.4 % of GNI p.c. 17.4 % of GNI p.c. 50
159 Bangladesh17.9 % of GNI p.c. 17.9 % of GNI p.c. 50
159 Philippines18 % of GNI p.c. 18 % of GNI p.c. 50
162 Ivory Coast18.5 % of GNI p.c. 18.5 % of GNI p.c. 49
162 Papua New Guinea18.9 % of GNI p.c. 18.9 % of GNI p.c. 49
162 Mexico19 % of GNI p.c. 19 % of GNI p.c. 49
165 Tajikistan19.6 % of GNI p.c. 19.6 % of GNI p.c. 48
165 Kiribati20 % of GNI p.c. 20 % of GNI p.c. 48
165 Zambia20.4 % of GNI p.c. 20.4 % of GNI p.c. 48
168 Saint Lucia21 % of GNI p.c. 21 % of GNI p.c. 47
169 Nepal22.6 % of GNI p.c. 22.6 % of GNI p.c. 46
169 Uruguay22.7 % of GNI p.c. 22.7 % of GNI p.c. 46
169 Saint Vincent and the Grenadines23 % of GNI p.c. 23 % of GNI p.c. 46
172 Sierra Leone23.9 % of GNI p.c. 23.9 % of GNI p.c. 45
172 Rwanda24.6 % of GNI p.c. 24.6 % of GNI p.c. 45
174 Liberia25 % of GNI p.c. 25 % of GNI p.c. 44
174 Belize26 % of GNI p.c. 26 % of GNI p.c. 44
174 Mozambique26.4 % of GNI p.c. 26.4 % of GNI p.c. 44
177 Tanzania27.4 % of GNI p.c. 27.4 % of GNI p.c. 43
177 Zanzibar27.4 % of GNI p.c. 27.4 % of GNI p.c. 43
179 Kenya28.1 % of GNI p.c. 28.1 % of GNI p.c. 42
179 Jordan28.4 % of GNI p.c. 28.4 % of GNI p.c. 42
181 Benin30 % of GNI p.c. 30 % of GNI p.c. 41
181 Swaziland30 % of GNI p.c. 30 % of GNI p.c. 41
181 Vanuatu30 % of GNI p.c. 30 % of GNI p.c. 41
184 Nigeria35.6 % of GNI p.c. 35.6 % of GNI p.c. 39
185 Madagascar37.9 % of GNI p.c. 37.9 % of GNI p.c. 38
186 Burkina Faso41.3 % of GNI p.c. 41.3 % of GNI p.c. 36
186 Senegal41.3 % of GNI p.c. 41.3 % of GNI p.c. 36
186 El Salvador41.4 % of GNI p.c. 41.4 % of GNI p.c. 36
189 Honduras44.7 % of GNI p.c. 44.7 % of GNI p.c. 35
189 Malawi44.8 % of GNI p.c. 44.8 % of GNI p.c. 35
189 Cameroon45.2 % of GNI p.c. 45.2 % of GNI p.c. 35
192 Bolivia47 % of GNI p.c. 47 % of GNI p.c. 34
193 Mauritania49.3 % of GNI p.c. 49.3 % of GNI p.c. 33
193 Cambodia49.9 % of GNI p.c. 49.9 % of GNI p.c. 33
193 Palestine50 % of GNI p.c. 50 % of GNI p.c. 33
193 Syria50 % of GNI p.c. 50 % of GNI p.c. 33
197 Congo DR52 % of GNI p.c. 52 % of GNI p.c. 32
197 Uganda52.3 % of GNI p.c. 52.3 % of GNI p.c. 32
199 Guatemala55 % of GNI p.c. 55 % of GNI p.c. 31
199 Solomon Islands56 % of GNI p.c. 56 % of GNI p.c. 31
199 Lebanon56.3 % of GNI p.c. 56.3 % of GNI p.c. 31
199 Burundi57.6 % of GNI p.c. 57.6 % of GNI p.c. 31
203 Nicaragua59.5 % of GNI p.c. 59.5 % of GNI p.c. 30
203 Djibouti60 % of GNI p.c. 60 % of GNI p.c. 30
203 Myanmar60 % of GNI p.c. 60 % of GNI p.c. 30
206 Yemen63 % of GNI p.c. 63 % of GNI p.c. 29
207 Paraguay68.9 % of GNI p.c. 68.9 % of GNI p.c. 28
208 Congo71.6 % of GNI p.c. 71.6 % of GNI p.c. 27
208 Togo71.6 % of GNI p.c. 71.6 % of GNI p.c. 27
210 São Tomé and Príncipe80 % of GNI p.c. 80 % of GNI p.c. 25
210 Suriname81 % of GNI p.c. 81 % of GNI p.c. 25
212 Guinea85 % of GNI p.c. 85 % of GNI p.c. 24
213 Eritrea90 % of GNI p.c. 90 % of GNI p.c. 23
213 Libya90 % of GNI p.c. 90 % of GNI p.c. 23
215 Niger95.2 % of GNI p.c. 95.2 % of GNI p.c. 22
216 Equatorial Guinea100 % of GNI p.c. 100 % of GNI p.c. 21
216 Mali100.7 % of GNI p.c. 100.7 % of GNI p.c. 21
218 Guinea-Bissau114 % of GNI p.c. 114 % of GNI p.c. 19
218 Zimbabwe117.5 % of GNI p.c. 117.5 % of GNI p.c. 19
220 Comoros155 % of GNI p.c. 155 % of GNI p.c. 14
220 Angola158 % of GNI p.c. 158 % of GNI p.c. 14
222 Central African Republic177 % of GNI p.c. 177 % of GNI p.c. 12
223 Korea DPR200 % of GNI p.c. 200 % of GNI p.c. 10
223 Somalia200 % of GNI p.c. 200 % of GNI p.c. 10
225 Chad202 % of GNI p.c. 202 % of GNI p.c. 9
226 Gambia274 % of GNI p.c. 274 % of GNI p.c. 4
227 Haiti287 % of GNI p.c. 287 % of GNI p.c. 3
227 Venezuela300 % of GNI p.c. 300 % of GNI p.c. 3
229 South Sudan350 % of GNI p.c. 350 % of GNI p.c. 0

Last rating: June 18th, 2026

How the Raw Value Is Calculated

The raw value shows the official cost required to start a standard limited liability company, expressed as a percent of gross national income per capita. Lower is better because formal business entry absorbs less income.

Nomadino uses World Bank indicator IC.REG.COST.PC.ZS on the cost of business start-up procedures as the direct numeric anchor. The series comes methodologically from the discontinued Doing Business project and remains useful here because it measures exactly the visible unit of this raw value: start-up cost as percent of GNI per capita.

Included items are official registration fees, mandatory certification, notary, publication, company-register and administrative fees where they are required in the standard World Bank business-entry case or local register rules.

Countries or territories without a separate World Bank series use maintained Nomadino replacement values. These are derived from existing Nomadino startup values, the administering state, official company registers, online registration portals, Business Ready methodology, regional comparators and local administrative reality.

The score is calculated directly from the visible percentage value: 0% receives 100 points, 350% of GNI per capita or more receives 0 points. Between those anchors, the score falls logarithmically. This differentiates very low costs such as 0.2%, 1% or 5% without allowing extreme outliers to distort the whole scale.

Paid-in minimum capital, ongoing accounting, later taxes, bank-account opening, sector licences, residence status, corruption, time required and broad economic freedom are not included in this raw value. They can matter for entrepreneurs, but remain separate or neighbouring Nomadino indicators.