Ending Soon! Save 33% on All Access

From New York to Zurich: How Startup Costs Compare in Cities Across the Globe (Infographic) Take a look at the hiring and office-rental costs associated with setting up your tech startup in these cities across the world.

By Catherine Clifford

Opinions expressed by Entrepreneur contributors are their own.

Thinking of setting up shop in another country?

It would cost almost $315,000 a year to run a small tech startup in Zurich – nearly seven times as much as it would cost you in Manila, the capital of the Philippines, according to the infographic below compiled by global recruitment online platform Staff.com. That's a high price to pay for being surrounded by (admittedly delicious) chocolate.

Related: Count It: How Many Times These Business Leaders Tried Before They Succeeded (Infographic)

Sydney is the second most expensive city for launching a startup, costing over $310,000 a year. And New York City came in as the third most expensive town at just below $300,000.

Estimates are based on the cost of renting one small office and hiring two web developers and a web designer for a year.

Check it out.

Click to Enlarge+

From New York to Zurich How Startup Costs Compare in Cities Across the Globe (Infographic)

Source: Staff

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Apple iPhone 7 Users May Be Owed a Slice of a $35 Million Settlement — Here's How to Claim Your Share

Previous (and current, no judgment) iPhone 7 users may be entitled to up to $349. The deadline to file a claim is June 3.

Leadership

Clinton Sparks Podcast: Global BMX Star Shares His Entrepreneurial Journey

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Marketing

5 Trends Shaping the Next Generation of Digital Marketing

These IT platforms offer a unique opportunity for brands to connect organically with their demographic by partnering with influencers who boast a loyal following.

Starting a Business

Clinton Sparks Podcast: From Pepsi, Beats to Netflix — This Powerful CMO Shows How to Never Let Your Light Dim

Learn about the challenges high achievers face, the tenacity required to conquer self-doubt and the continuous pursuit of excellence.

Business News

Here Are the Cheapest Online MBAs You Can Do From Your Couch, According to a New Report

No in-person interaction is necessary and most cost less than $10,000.